NYSE:PCX

Stocks Trending Higher This Morning: CTIC, PETS, PCX, SHLD, BAC, AMD

January 23, 2012 By Leave a Comment

Stocks are have lost some of their early gains but are still positive in mid morning trading. Investors continue to be hesitant in this market as Europe continues to dominate the headlines. Finance ministers across Europe are discussing the terms of Greece’s debt restructuring in order for the country to receive another bailout package. Research In Motion is taking a hit this morning as well following the appointment of a new CEO.

Let’s take a look at which stocks are posting strong gains this morning.

Cell Therapeutics, Inc. (NASDAQ:CTIC) is up 12.98% this morning at $1.48. CTIC shares have jumped nearly $0.40 a share in the past few days. Late last week, Cell Therapeutics said it expects the European Medicines Agency’s Committee for Medical Products for Humna Use may issue an opinion on the marketing authorization application on Pixuvri in mid-February. CTIC has traded 5.2 million shares already today, four times its daily average. The company has a market cap of 271.94 million.

PetMed Express, Inc. (NASDAQ:PETS) is up 13.40% in early trading today at $12.70. PETS shares jumped today after the company posted a surprising fiscal third quarter profit increase. Revenue rose 12% in the fiscal third quarter as well. PETS has traded more than a million shares this morning, five times its average volume. The company has a market cap of 250.37 million.

Patriot Coal Corporation (NYSE:PCX) is up 9.12% today at $8.20. PCX has traded 5.9 million shares this morning and should have no problem eclipsing its daily average of 6.5 million shares. No recent news for PCX, but the stock had taken a hit in recent days due to falling natural gas prices. The company has a market cap of 753.46 million.

Sears Holdings Corporation (NASDAQ:SHLD) is up 9.82% this morning at $53.81. SHLD has traded 4.2 million shares so far today, three times its daily average. SHLD shares have jumped up more than $20 a share since the first of the year. Some analysts have attributed this jump to a classic short squeeze scenario and believe that the stock will come back down in price. The company has a market cap of 5.70 billion.

Bank of America Corporation (NYSE:BAC) is up 3.52% today at $7.32. BAC has traded 145.7 million shares so far this morning and trades 270.3 million shares a day on average. BAC shares are up about $1.50 a share since the start of the new year. Earnings from last week were mixed with weak loan growth and trading results, but the company’s balance sheet continues to improve. The company has a market cap of 77.03 billion.

Advanced Micro Devices, Inc. (NYSE:AMD) is up 1.56% today at $6.52. AMD has traded 9.5 million shares so far today and trades 15.8 million shares a day on average. AMD shares are up $0.70 a share in the past five days. AMD is set to release earnings tomorrow. The company has a market cap of 4.54 billion.

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Pre Market Movers: UEPS, NBG, IDIX, COOL, JBLU, PCX

January 18, 2012 By Leave a Comment

Net 1 UEPS Technologies, Inc. (NASDAQ:UEPS) is up 32.24% in pre market trading at $8.90. UEPS shares are rising this morning after the company’s subsidiary was awarded national tender by SASSA. UEPS trades 97 thousand shares a day on average and has traded 53 thousand shares already this morning. The company has a market cap of 302.41 million.

National Bank of Greece (NYSE:NBG) is up more than 7% this morning at $2.08. NBG has traded nearly 40 thousand shares in pre market and trades close to 600 thousand shares a day on average. NBG shares are up after the bank said Monday it completed a buy back program for outstanding covered and hybrid securities in order to boost capital. The company has a market cap of 9.32 billion.

Idenix Pharmaceuticals, Inc. (NASDAQ:IDIX) is up 4.14% in pre market trading at $14.20. IDIX trades 1.5 million shares a day on average. IDIX shares are up more than $8 a share since the start of the year. This jump comes as other similar companies have been acquired recently and investors are hoping for the same with Idenix. The company has a market cap of 1.31 billion.

Majesco Entertainment Company (NASDAQ:COOL) is down 21.48% in pre market trading at $2.34. COOL shares are falling after the company’s fourth quarter loss grew and expects 2012 to be weaker than estimates. COOL trades close to a million shares on average and has a market cap of 115.79 million.

JetBlue Airways Corporation (NASDAQ:JBLU) is down 2.09% today at $5.15. JBLU trades 6 million shares a day on average. JBLU shares have been falling for about a week now and has fallen close to $1 in that time period. The company has a market cap of 1.56 billion.

Patriot Coal Corporation (NYSE:PCX) is down 5.43% today at $6.97. PCX has traded over 200 thousand shares already this morning and trades a little over 6 million shares a day on average. The company has a market cap of 673.47 million. Coal mining companies dropped yesterday on forecast of lower prices as customers switch to natural gas. The company has a market cap of 673.09 million.

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Stocks Heading South In Midday Trading: ATX, BDSI, HW, ARCO, PCX, ZGNX

January 9, 2012 By Leave a Comment

A.T. Cross Company (NASDAQ:ATX) is down 16.92% in midday trading at $8.30. ATX has traded 302 thousand shares today, way above its daily average of just 33 thousand shares. ATX is down today after announcing preliminary 2011 financial results and 2012 guidance. The company has a market cap of 107.12 million.

BioDelivery Sciences International, Inc. (NASDAQ:BDSI) is down 7.03% today at $1.72. BDSI has traded 770 thousand shares today, well above its daily average of 282 thousand shares. BDSI is pulling back today after it jumped up about $0.50 on Friday. The company has a market cap of 51.73 million. Sign Up For Our Free Weekly Newsletter

Headwaters Inc. (NYSE:HW) is down 6.05% in midday trading at $2.02. HW has traded 338 thousand shares and trades about 600 thousand shares a day on average. The company has a market cap of 123.66 million.

Arcos Dorados Holdings Inc. (NYSE:ARCO) is down 4.15% today at $18.49. ARCO has traded 1.5 million shares so far today and trades around 2 million shares. ARCO shares have fallen about $3 a share over the past week. The company has a market cap of 3.88 billion.

Patriot Coal Corporation (NYSE:PCX) is down 3.99% in midday trading at $8.66. PCX has traded 3.7 million shares so far today and trades 6.8 million shares a day on average. The company has a market cap of 788.17 million.

Zogenix, Inc. (NASDAQ:ZGNX) is down 9.22% today at $2.56. ZGNX has traded 1.2 million shares so far today, well above its daily average of 337 thousand shares. ZGNX is pulling back today after it jumped close to $1 last week. The company has a market cap of 169.48 million.

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Biggest Stock Gainers as Market Rallies Big Time: AATI, PCX, X, ELTK, LEAP

November 30, 2011 By Leave a Comment

Stocks are up big today following coordinated action from central banks across the world to avert a credit crunch. Central banks in Europe, the U.S., Britain, Japan, Switzerland and Canada eased banks’ access to money by lowering their borrowing rates. The Dow is up 420 points, the Nasdaq is up 88 points and the S&P is up 43 points. Here’s some of the biggest stock percentage gainers in early trading.

Advanced Analogic Technologies, Inc. (NASDAQ:AATI) is up 32.72% today at $5.76. AATI has traded 4.4 million shares so far today, more than 6 times its daily average. Skywork Solutions said it will buy Advanced Analogic Technologies for $5.80 per share which is lower than the original offer. Advanced Analogic has a current market cap of 253.93 million.

Patriot Coal Corporation (NYSE:PCX) is up 14.75% at $9.96. PCX has traded 3.5 million shares so far today and trades 7.7 million shares a day on average. PCX gaped open this morning at $9.37. The stock closed yesterday at $8.68. Patriot Coal has a current market cap of 908.72 million.

United States Steel Corp. (NYSE:X) is up 12.63% at $26.66 in morning trading. X has traded 6.1 million shares so far today and trades 13.1 million shares a day on average. X is leading the charge in the steel sector today along with AK Steel (NYSE:AKS) up 8.8% and Allegheny Technologies (NYSE:ATI) up 9.5%. United States Steel has a current market cap of 3.84 million.

Eltek Ltd. (NASDAQ:ELTK) is up 21.85% at $1.45. ELTK is rising today after announcing third quarter earnings. Third quarter revenue rose 33% to $12 million and net profits increased by 358% to $573 thousand. ELTK has traded 447 thousand shares so far today, well above its daily average of 9 thousand shares. Eltek has a current market cap of 9.58 million.

Leap Wireless International Inc. (NASDAQ:LEAP) is up 12.68% at $8.80. LEAP has traded nearly 900 thousand shares so far today and trades 2 million shares a day on average. LEAP is up as it follows the overall market rally today. Leap Wireless has a current market cap of 692.67 million.

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