NYSE Stocks Falling in Morning Trading: TC, GGC, DGI, TLB, TSL, PVA

Traders at the NYSEThompson Creek Metals Company Inc. (NYSE:TC) is down 11.39% this morning at $4.90. TC has traded 3.5 million shares so far today, double its daily average. Thompson Creek Metals announced a $200 million senior note offering earlier today. The company has a market cap of 825.26 million.

Check out https://www.pennystockstrategy.com/penny-stock-alerts for the latest penny stock news.

Georgia Gulf Corp. (NYSE:GGC) is down 8.26% today at $31.43. GGC has traded 1.3 million shares so far today and trades 540 thousand shares a day on average. Georgia Gulf shares are tumbling this morning after Westlake Chemical Corp withdrew its $1.2 billion offer to buy the company and says it has no plans to pursue a transaction for Georgia Gulf. The company has a market cap of 1.07 billion. [Read more...]

DGI, LNKD, ZAGG, ARNA, VRNG, MU, BODY Are The Pre-Market Movers For May 4

Stock FuturesMarket jitters were everywhere in the lead up the the release of the unemployment figures. With a print of 115k, it seems the jitters were justified as they missed expectations of 160k. The unemployment rate did drop to 8.1% as 350k people exited the labor pool. Currently the three major indexes are whipsawing on the news as investors digest the numbers.

The report shows that there is still a reluctance on hiring new workers. The drop in the unemployment rate is more of a smokescreen because of the way the BLS measures employment. 350k people giving up their search in the job market is not a good sign moving forward.

Check out https://www.pennystockstrategy.com/penny-stock-alerts for the latest coverage of penny stocks.

Outside of the NFP numbers this big news that will come out of this weekend is the double elections in France and Greece. Both could have huge implications for EU and their current slate of rescue packages. The populace is getting restless with the continual austerity measures that have stunted growth across the region. French President Sarkozy is trailing the socialist candidate, Francois Hollande going into the weekend.

In commodities, oil and gold are diverging on how to treat the unemployment numbers. Oil prices continue to stay negative with Nymex crude futures down $1.47 to $101.07 per barrel.

Gold prices are turning higher on hopes that a softening labor market will force the Fed into reaction mode. Gold futures are up over $7 to $1,642 per ounce. [Read more...]

Afternoon Movers as Stocks Remain Mixed

Stocks are mixed in midday trading today as mixed data on the U.S. economy and news of a delay on Greece’s bailout give investors pause. Homebuilder sentiment rose this month, but U.S. industrial production was flat. Economists were expecting industrial production increase 0.7%. The Dow is getting hit hardest today as it drops 76 points. The Nasdaq is being propped up by tech stocks today and is up 3 points. Finally, the S&P 500 is down slightly at 2 points.

Cybex International, Inc. (NASDAQ:CYBI) is up 26.32% in afternoon trading at $1.92. CYBI has traded 541 thousand shares so far today, well above its daily average of 51 thousand shares. Cybex reported fourth quarter results earlier today. Net sales for the fourth quarter were $43.1 million, up $3 million from the same period a year ago. Cybex reported net income of $34.7 million, or $2.03 per diluted share. [Read more...]

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