NYSE:HMA

Poor Housing Data Can’t Stop Today’s Rally, NYSE Stocks to Watch

The NYSE BullPending home sales took an unexpected dip in February, slipping 0.5% to 96.5 on the National Association of Realtors Pending Home Sales Index. This drop shows a poor start for home selling heading into spring. Economists were expecting a 1% jump after a 2% jump in January.

The warm winter could also be skewing housing numbers as home sales saw unexpected jumps earlier in the year. Analysts are still waiting to see the housing industry recover as it was one of the worst hit from the 2008 economic crisis. Improvements in the jobs market and lower home sales should lead to some noticeable improvements later this year, hopefully.

Stocks are holding up after this poor news from the housing sector thanks to remarks from Ben Bernanke.

In late morning trading, the major stock indices are up 1% or more. [Read more...]

Stocks End The Day On Positive Note: GRRF, HSOL, VG, HDY, REXX, BVSN, GDP, HMA

The market closed higher today after being down for much of the morning and early afternoon. Stocks were looking to open the day strong following positive news out of Europe but quickly turned negative after a jump in jobless claims. The jobless claims news kept the market down during the morning hours, but the market soon starting coming back as investors and economists digested the news. In the end, positive sentiment in Europe won out as the Dow closed up 21 points, the Nasdaq up 14 points and the S&P up 3 points.

Let’s take a look at some of the most volatile stocks today and why they moved.

China Grentech Corporation (NASDAQ:GRRF) closed the day up 17.60% at $2.94. GRRF gaped at open this morning at $2.91 and quickly ran to $3 before settling in the mid $2.90s the rest of the day. China Grentech announced before market open they entered into a definitive agreement with Talenthome Management and Xing Sheng for ‘going private’ transaction. GRRF had extremely high volume today following this news with a touch over 1 million shares traded, well above its daily average of 41 thousand shares. The company has a market cap of 66.69 million.

Hanwha SolarOne Co., Ltd. (NASDAQ:HSOL) ended the day up 16.96% at $2.00. HSOL rallied for the second straight day as news of panel prices stabilizing and stronger demand has helped companies across the solar sector. HSOL traded 4 million shares today, 5 times its average volume. The company has a market cap of 168.26 million.

Vonage Holdings Corp. (NYSE:VG) finished up 11.42% today at $2.44. VG traded relatively average volume today with 2.1 million shares traded. The stock had been in a slight downtrend for about a week now after falling from $2.58 to $2.19 yesterday. It recovered most of those losses today as buying pressure rushed into the stock. The company has a market cap of 550.36 million.

HyperDynamics Corporation (NYSE:HDY) closed up 11.72% today at $2.86. HDY traded 3.1 million shares today and was right at its daily average. No recent news on HDY, but it had been selling off some for the start of the new year, falling from $2.90 to around $2.50 before bouncing back. The company has a market cap of 447.43 million.

Rex Energy Corporation (NASDAQ:REXX) ended the day down 15.11% at $11.63. REXX has been trading lower each of the past three days and selling pressure intensified at the close today as the stock moved below its 200 day MA. REXX traded 2.8 million shares today, more than twice its daily average. The company has a market cap of 516.37 million.

BroadVision, Inc. (NASDAQ:BVSN) finished the day down 10.37% at $15.55. BVSN traded 468 thousand shares today, 8 times its daily average. BroadVision announced this morning ti will release its fourth quarter financial results after hours on January 26. The company has a market cap of 70.21 million.

Goodrich Petroleum Corporation (NYSE:GDP) closed down 8.73% today at $15.36. GDP traded 1.4 million shares today. GDP shares fell today as natural gas prices drop causing stocks in that sector to sell off. The company has a market cap of 554.90 million.

Heath Management Associates (NYSE:HMA) ended down 6.49% today at $5.91. HMA has traded 17.6 million shares today, four times its daily average. HMA shares dipped today on news that Block & Leviton LLP investigates possible securities law claims against the company. The company has a market cap of 1.50 billion.

Stocks in the Red Today: WBMD, LIZ, HMA, TIF, HGG

Even a lack of apocalyptic headlines out of Europe and a bullish outlook from Alcoa could not save these stocks. These are the stocks that were the most negative on the day.

WebMD Health Corp. (NASDAQ:WBMD) was among the most heavily hit stocks on the day. Dropping 28.53% on the day the stock was hammered out of the gate after it was announced the CEO had resigned. To add to the bad news the company also announced it had taken the company off the market. after it failed to attract a lucrative buyout offer. Sitting at $26.25 at close, WebMD has a market cap of $1.5 billion.

Liz Claiborne Inc. (NYSE:LIZ) closed the day down 12.99% to $8.64. Trading nearly five times its average volume LIZ started the day with a gap down and never recovered throughout the trading day. The company announced that the CFO was leaving and cut their 2012 outlook. This was all the traders needed on the street to send the stock reeling. LIZ also announced they were changing their name to Fifth and Pacific Co. Company execs said this was being done to better reflect the company’s diverse brand holdings. Sign Up For Our Free Weekly Newsletter

Health Management Associates, Inc. (NYSE:HMA) ended the day off more than 13% to $6.05. Volume on the stock was brisk with over 65 million shares changing hands. The stock opened with a severe gap down and managed to pare losses throughout the day. Currently the stock is up slightly in after-hours trading. News was released that the company’s general counsel had resigned and analysts were becoming increasingly worried about a lawsuit over medicare billing.

Tiffany & Co. (NYSE:TIF) gapped sharply lower today and finished the day down 10.46% to $59.93. Volume on the sell-off was sustained with over 15 million shares traded. The company was sent lower by news that TIF had cut its full year forecast.

hhgregg Inc. (NYSE:HGG) finished the day down 15.61% to $11.08. With 2.48 million shares changing hands the stock eclipsed its average volume by a factor of 5. The appliance and electronics retailer cut its fiscal year outlook and sees a weak Q3. The company blamed fierce promotional campaigns and competition from dropping margins.

Morning Losers: WBMD, HMA, LIZ, TIF, OCZ, PHH, HDY

WebMD Health Corp. (NASDAQ:WBMD) is down 29.05% this morning at $26.05. WBMD has traded 5.4 million shares so far today, well above its daily average of 1 million shares. WebMD shares are tanking today after its CEO resigned. The company has a market cap of 1.48 billion. Sign Up For Our Free Weekly Newsletter

Health Management Associates Inc. (NYSE:HMA) is down 20.69% today at $5.50. HMA has traded 29.6 million shares so far today, well above its daily average of 3.5 million shares. HMA shares are down for a second straight day and has lost more than $2 a share this week. The company has a market cap of 1.41 billion.

Liz Claiborne Inc. (NYSE:LIZ) is down 14.40% in early trading at $8.50. LIZ has traded 6.1 million shares so far today, more than double its daily average. LIZ shares are down after the company cut outlook and CFO leaves. The company has a market cap of 796.47 million.

Tiffany & Co. (NYSE:TIF) is down 11.94% today at $58.95. TIF has traded 7.3 million shares so far today and trades 2.3 million shares a day on average. TIF shares are fallign today after the company cut full year outlook on weak holiday sales. The company has a market cap of 7.54 billion.

OCZ Technology Group, Inc. (NASDAQ:OCZ) is down 9.75% this morning at $7.31. OCZ has traded 1.8 million shares today, above its daily average of 1.5 million shares. OCZ shares are down today after it misses by $0.01, but beats on revenue and guidance. The company has a market cap of 388.13 million.

PHH Corporation (NYSE:PHH) is down 6.95% today at $10.17. PHH has traded 3.4 million shares so far today, well above its daily average of 1.2 million shares. PHH shares are down after the company announced proposed offering of convertible senior notes. The company has a market cap of 573.01 million.

Hyperdynamics Corporation (NYSE:HDY) is down 8.20% this morning at $2.3550. HDY has traded 1.2 million shares today and trades 3.1 million shares daily on average. HDY shares have fallen about $0.60 a share over the past week. The company has a market cap of 374.52 million.

Early Losers: THRX, PWRD, HMA, TAT, ZNGA, CFN

Theravance Inc. (NASDAQ:THRX) is down 31.73% in early trading at $13.82. THRX is down on heavy volume with 354 thousand shares traded, more than 5 times its daily average volume. THRX shares are down after their drug failed in trials. The company has a market cap of 1.18 billion.

Perfect World Co., Ltd. (NASDAQ:PWRD) is down 23.33% today at $9.20. PWRD has traded 2.7 million shares so far today, well above its daily average of 639 thousand shares. The company has a market cap of 417.17 million.

Health Management Associates Inc. (NYSE:HMA) is down 9.61% today at $6.77. HMA has traded 3.9 million shares today, 400 thousand more than it trades a day on average. The company has a market cap of 1.68 billion. Sign Up For Our Free Weekly Newsletter

TransAtlantic Petroleum Ltd. (AMEX:TAT) is down 10.56% today at $1.27. TAT has traded 646 thousand shares so far today and trades a touch over a million shares daily on average. TAT shares are taking a tumble this morning after news that the company’s president and COO resigned. The company has a market cap of 460.82 million.

Zynga, Inc. (NASDAQ:ZNGA) is down 8.63% this morning at $8.05. ZNGA has traded 4.6 million shares today and trades 13.8 million shares a day on average. ZNGA shares have fallen steadily over the past week from around $9.60 to a low of just under $8 today. The company has a market cap of 5.64 billion.

CareFusion Corporation (NYSE:CFN) is down 9.11% today at $23.15. CFN has traded 3.9 million shares so far today, more than double its daily average. CFN shares are down this morning after the company lowered its bottom range of profit for their second quarter. The company has a market cap of 5.24 billion.

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