S&P

Market Loses Ground In Late Day Trading, Biggest Losers: VISN, INHX, GLUU, IDIX, NOK

December 5, 2011 By Leave a Comment

The stock market is losing some of its early gains in late day trading as S&P warns top six euro zone nations. The ratings agency is set to announce later today that it is putting Germany, France, the Netherlands, Austria, Finland and Luxembourg on credit watch negative. This means there is a 50% chance of a downgrade within 90 days. Following this news, the major indices saw some of their early gains fall, but they are still positive for the day. The Dow is up 74 points, the Nasdaq is up 27 points and the S&P is up 12 points.

Let’s take a look at the biggest stock losers in late trading today.

VisionChina Media Inc. (NASDAQ:VISN) is down 10.42% at $1.29 with about an hour left in the trading day. VISN has traded 445 thousand shares so far today, more than double its daily average. VISN is dipping today after the stock spiked more than $0.50 yesterday. VisionChina Media has a market cap of 131.92 million.

Inhibitex, Inc. (NASDAQ:INHX) is down 9.09% at $14.10 in late trading today. INHX has traded 1.9 million shares so far today and averages 2.1 million shares a day in volume. INHX has started to pull back some over the past few days after it the first half of last week. Inhibitex has a market cap of 1.11 billion.

Glu Mobile, Inc. (NASDAQ:GLUU) is down 6.40% at $3.51 today. GLUU has traded 2.2 million shares so far today, well above its daily average of 1.5 million shares. GLUU is falling today after it rose the previous four trading sessions from $2.80 to nearly $3.80. Glu Mobile has a current market cap of 223.58 million.

Idenix Pharmaceuticals Inc. (NASDAQ:IDIX) is down 7.54% at $7.60. IDIX has traded 585 thousand shares so far today and trades 788 thousand shares on average daily. IDIX stock is coming back down today after it surged on Friday. On Friday, IDIX moved from $7.60 to $8.40. Fast forward to today and it has given up all of that gain. Idenix has a market cap of 732.69 million.

Nokia Corporation (NYSE:NOK) is down 4.89% at $5.35 in late day trading. NOK has traded 19.9 million shares so far today and trades 28.2 million shares a day on average. NOK has been losing ground steadily the past three trading sessions. Nokia Corporation has a current market cap of 19.89 billion.

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Top Gainers In Early Trading for 11/28: CMC, SMBL, GNW, ING, BAC, NOK

November 28, 2011 By Leave a Comment

The stock market continues to rally today on better than expected Black Friday numbers and hopes of a solution in Europe. The major indexes are all up well over 2% and the Nasdaq and S&P are up over 3%. The Dow is up 315 points, the Nasdaq is up 85 points and the S&P is up 36 points. Stocks posting decent gains in early trading include Commercial Metals company (NYSE:CMC), Smart Balance, Inc. (NASDAQ:SMBL), Genworth Financial Inc. (NYSE:GNW), ING Group (NYSE:ING), Bank of America Corp. (NYSE:BAC) and Nokia Corporation (NYSE:NOK)

Commercial Metals Company (NYSE:CMC) is up 23.14% in early trading at $14.10. CMC is moving today after Carl Icahn offered the buy the company for $1.73 billion that would combine Commercial Metals with Ichan’s PSC Metals Inc. The $1.73 billion price translates to $15 a share and is a premium of 31% of CMC’s close on Friday. CMC has traded 5 million shares so far today, nearly 5 times its daily average volume. The company has a current market cap of 1.62 billion.

Smart Balance, Inc. (NASDAQ:SMBL) is up 14.55% at $5.51 in early trading today. SMBL has traded 308 thousand shares so far today and trades 456 thousand shares a day on average. SMBL had been trading between $4.80 and $5 before jumping over $5 today as it follows the overall market rally. The company has a current market cap of 325 million.

Genworth Financial, Inc. (NYSE:GNW) is up 12.8% at $6.08 in early trading. GNW has traded 4.2 million shares so far today and trades 11.47 million shares on average. Last week, GNW dipped more than $0.50 a share and closed at $5.39 on Friday. GNW jumped today after Citigroup upgraded the insurer for the second time this month. The company has a current market cap of 3.03 billion.

ING Group (NYSE:ING) is up 11.34% at $6.97 in early trading today. ING has traded 1.4 million shares so far today and trades 5.9 million shares on average daily. ING has made back all the ground it lost last week when the stock as well as the general market had a steep sell off. The company has a current market cap of 26.49 billion.

Bank of America Corp. (NYSE:BAC) is up 4.35% in early trading at $5.40. BAC has traded 75.9 million shares so far today and trades 270 million shares a day on average. BAC is following the market rally up today as investors hope for a European solution to their debt crisis soon. The company has a current market cap of 54.84 billion.

Nokia Corporation (NYSE:NOK) is up 6.81% today at $5.65. NOK has traded 12.6 million shares so far today and trades on average 28.4 million shares a day. NOK gaped up this morning at $5.69 and since then has sold off slightly. The company has a current market cap of 20.96 billion.

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