Stock Market Today, Investment News and Hot Stocks
Stocks closed Wednesday up thanks to better than expected economic data in the U.S. Durable goods orders saw a more than 1% jump in May and pending home sales climbed nearly 6% in May.
Investors continue to cautiously invest as Europe continues to bring a lot of uncertainty into the markets. The Dow closed up 92 points today, the Nasdaq closed up 21 points and the S&P 500 closed up 11 points. [Read more...]
LDK Solar Co., Ltd. (NYSE:LDK) is down 7.98% today at $1.96. LDK has traded 1.1 million shares this morning and trade 1.5 million shares a day on average. LDK shares are pulling back today after seeing a solar rally yesterday sent the stock up from $1.90 to $2.10. The company has a market cap of 260.37 million. Sign Up For Free Stock Alerts
Quicksilver Resources Inc. (NYSE:KWK) is down 7.45% today at $3.05. KWK has traded 2.9 million shares so far today and trades 4.2 million shares a day on average. KWK shares have fallen nearly $1 a share over the past week. The company has a market cap of 525.46 million. [Read more...]
InvenSense, Inc. (NYSE:INVN) is down 10.10% this morning at $12.10. INVN has traded 1.1 million shares so far today and trades 2.1 million shares a day on average. INVN have dropped 25% over the past week. The company has a market cap of 980.37 million.
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Rackspace Hosting, Inc. (NYSE:RAX) is down 12.53% in early trading at $50.57. Rackspace posted first quarter earnings late yesterday and reported revenue of $301.47 million, meeting expectations of $300 million. EPS came in at $0.17 per share, missing estimates of $0.18 per share. The company has a market cap of 6.69 billion. [Read more...]
Cenveo Inc. (NYSE:CVO) is down 18.47% today at $3.3999. CVO is plummeting on heavy volume today with 2 million shares traded so far, 4 times its average volume. CVO shares are down today after the company announced offering of $75 million of senior exchangeable notes due 2017. The company has a market cap of 215.66 million.
Costamare Inc. (NYSE:CMRE) is down 8.91% today at $14.11. CMRE has traded 2.1 million shares so far today, way above its daily average of 61 thousand shares. Costamare stock is getting hit today after announcing a 7.5 million share public offering at $14.10 per share. The company has a market cap of 849.01 million. [Read more...]
Stocks continue to rally today with each of the major indices up more than 1% today. Positive manufacturing data in China and Europe sent stocks up early. News out of Greece that a deal between the country and its creditors could be just a few hours away also help stocks this afternoon. Right now the Dow is up 124 points, the Nasdaq is up 36 points and the S&P 500 is up 15 points.
ManpowerGroup (NYSE:MAN) is up 13.21% today at $45.60. MAN has traded 2.3 million shares so far today and trades 1.1 million shares a day on average. MAN shares are up today after the company’s fourth quarter profit beat expectations. ManpowerGroup’s EPS also beat analyst estimates. The company has a market cap of 3.76 billion.
Harmonic Inc. (NASDAQ:HLIT) is up 11.73% today at 6.57. HLIT has traded 1.7 million shares so far today, more than double its daily average. HLIT shares are rallying this afternoon after the company announced its fourth quarter results. Harmonic beat estimates on revenue and EPS. The company has a market cap of 773.84 million.
Amylin Pharmaceuticals, Inc. (NASDAQ:AMLN) is up 11.68% today at $15.90. AMLN has traded 8.8 million shares so far today, well above its daily average of 2.6 million shares. Amylin shares are up today after the FDA approved its diabetes drug. The company has a market cap of 2.32 billion.
FriendFinder Networks Inc. (NASDAQ:FFN) is down 10.85% today at $1.1634. FFN has traded 1.7 million shares today, way above its usual volume of 281 thousand shares. FFN shares are dipping today after rallying earlier this week because of the Facebook IPO news. The company has a market cap of 36.53 million.
Quicksilver Resources Inc. (NYSE:KWK) is down 8.48% this afternoon at $4.580. KWK has traded 14.3 million shares so far today, 4 times its daily average. KWK shares are falling today after the company announced 2012 capital spending program of $370 million. The company has a market cap of 775.03 million.
Amazon.com, Inc. (NASDAQ:AMZN) is down 7.87% this afternoon at $179.17. AMZN has traded 17.7 million shares today, nearly triple its daily volume. AMZN shares fell after fourth quarter earnings fall and sales miss targets. Amazon reported a net income of $177 million or $0.38 a share, down from $416 million or $0.91 a share last year. Revenue jumped to $17.4 billion but missed analysts’ target of $18.3 billion. The company has a market cap of 81.17 billion.
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