Stocks are trading relatively flat this morning as traders react to a lackluster outlook of the economy from Fed chairman Ben Bernanke. Investors also reacted to an encouraging jobless claims report. Bernanke urged Congress not to cut deficits with policies that could help boost the weak economy in the short run. The Nasdaq is leading the charge in the market today and is up 15 points. The Dow and S&P are up 9 points and 3 points respectively.
RealD Inc. (NYSE:RLD) is up 16.84% this morning at $11.38. RLD has traded 1.1 million shares so far today, more than double its daily average of 509 thousand shares. RLD shares are up today after posting strong third quarter results. RealD beat estimates on revenue with $49 in revenue, estimates were $42.4 million. RealD profit was $0.05, in line with estimates. The company has a market cap of 617.52 million.
Discovery Laboratories, Inc. (NASDAQ:DSCO) is up 14.89% in early trading at $2.5620. DSCO has traded 1.9 million shares so far today, way above its daily average of 162 thousand shares. DSCO shares rose today after the company gets FDA ok for aerosol medicines delivery system. The company has a market cap of 63.45 million.
Central European Distribution Corp. (NASDAQ:CEDC) is up 18.83% this morning at $5.30. CEDC has traded 2.8 million shares so far today, well above its daily average of 2.3 million shares. CEDC shares are up after Russian Standard to increase stake in the company. The company has a market cap of 385.66 million.
ShoreTel, Inc. (NASDAQ:SHOR) is down 16.01% today at $5.72. SHOR has traded 1.3 million shares so far today, 6 times its daily average. ShoreTel announced it will buy M5 Networks for about $146.3 million. The company has a market cap of 269.86 million.
Abercrombie & Fitch Company (NYSE:ANF) is down 12.78% this morning at $40.81. ANF has traded 7.4 million shares today, more than double the stock’s average volume. ANF shares fell after the company posted a weak outlook. Abercrombie expects fourth quarter earnings of $1.10-$1.15, short of the consensus of $1.54. The company has market cap of 3.56 billion.
Ameriprise Financial, Inc. (NYSE:AMP) is down 6.79% this morning at $51.07. AMP has traded 4.5 million shares so far today, well above its daily average of 2.3 million shares. AMP shares fell today after the company missed its quarter results by $0.35 and saw profit fall 22%. The company has a market cap of 11.58 billion.