There are many stocks on the move for day traders and active traders this Monday morning now that earnings season has launched. We are seeing key moves in shares of ATC Technology Corporation (NASDAQ: ATAC), BP plc (NYSE: BP), Cypress Biosciences, Inc. (NASDAQ: CYPB), Google Inc. (NASDAQ: GOOG), PetMed Express Inc. (NASDAQ: PETS), and VIVUS, Inc. (NASDAQ: VVUS).
ATC Technology Corporation (NASDAQ: ATAC) is trading up after the firm announced a definitive merger to be acquired by GENCO Distribution System for $25.00 per share in cash in a deal worth more than $500 million. Shares are trading up 40% at $24.47 on under 100,000 shares.
BP plc (NYSE: BP) managed to hold the cap on the well and the firm has approval for another day of capped pressure tests, although government pressure has shares lower by over 2% this morning in early trading.
Cypress Biosciences, Inc. (NASDAQ: CYPB) is soaring after Ramius offered to acquire Cypress Bio for $4.00 per share in cash. The market cap was only $96 million before this offer. Shares are up almost 40% but at $3.46 on active volume.
Google Inc. (NASDAQ: GOOG) was defended by Barron’s after a big drop Friday. Barron’s said in its cover story that shares are perhaps 35% undervalued. Shares are trading up almost 1% around the $463 handle.
PetMed Express Inc. (NASDAQ: PETS) did not make the grade on its earnings report. Shares are down 17% at $14.60 on only about 25,000 shares.
VIVUS, Inc. (NASDAQ: VVUS) is weak again after a 55% drop on Friday. Shares are indicated down almost 1% at $5.36 on relatively thin volume.
JON C. OGG
Top Gaining Stocks
Top Losing Stocks