Midday Movers: DRYS, BAC, MU, ALU, GT, ENER, CPN

DryShips Inc. (NASDAQ:DRYS) is up 11.30% in midday trading at $3.72. DRYS is up on heavy volume today with 39.8 million shares traded so far. The stock averages only 6 million shares a day. DRYS announced earlier this month that its drilling unit, Ocean Rig UDW, won a contract to drill 15 wells in the Norwegian Shelf. DRYS shares are up about $1.50 over hte past week and a half. The company has a market cap of 1.54 billion.

Bank of America Corporation (NYSE:BAC) is down 3.39% today at $7.98. BAC has traded 224 million shares so far today and trades 278 million shares on average. BAC and financial stocks are falling alongside the overall market today after retail sales data fell short of estimates. BAC shares had been over $8 over the past few days, but have fallen below $8 in midday trading today. The company has a market cap of 84.45 billion. [Read more...]

Stocks Heading Lower In Midday Trading: GNOM, HITK, HGG, GT, REE, ZLC

Complete Genomics, Inc. (NASDAQ:GNOM) is down 19.02% in midday trading at $3.15. GNOM has fallen close to $1 a share after it was above $4 yesterday. GNOM ha traded 948 thousand shares so far today, close to three times its daily average. The company has a market cap of 104.86 million. Sign Up For Our Free Weekly Newsletter

Hi Tech Pharmacal Co. Inc. (NASDAQ:HITK) is down 17.14% today at $34.67. HITK has traded 1.6 million shares so far today, ten times its average volume. HITK shares are plummeting after FDA approved a competing generic. The company has a market cap of 449.29 million.

HHGregg, Inc. (NYSE:HHG) is down 12.99% in midday trading at $11.43. HHG has traded 1.6 million shares today, well above its daily average of 530 thousand shares. HHG shares dipped after the company lowered its third quarter earnings and cut 2012 outlook. The company has a market cap of 422.28 million.

Goodyear Tire & Rubber Co. (NYSE:GT) is down 9.16% today at $13.88 with 17.3 million shares traded. Shares of Goodyear are down after the company said recent trends are more challenging at a presentation at the Deutsche Bank Global Auto Conference. The company has a market cap of 3.38 billion.

Rare Element Resources Ltd. (AMEX:REE) is down 8.85% in midday trading at $6.20. REE has traded 6.1 million shares so far today, six times its daily average volume. REE shares have jumped more than $2 a share since last Wednesday. The company has a market cap of 274.28 million.

Zale Corporation (NYSE:ZLC) is down 5.71% today at $3.14. ZLC has traded 1.1 million shares so far today, twice its daily average. ZLC shares have dipped close to $1 a share over the past week. The company has a market cap of 99.79 million.

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