There are many stocks on the move this Tuesday morning for day traders and active traders to pick from. We are watching the key moves in Acorda Therapeutics, Inc. (NASDAQ: ACOR), Arena Pharmaceuticals, Inc. (NASDAQ: ARNA), Cognizant Technology Solutions Corp. (NASDAQ: CTSH), Dow Chemical Company (NYSE: DOW), Genzyme Corp. (NASDAQ: GENZ), Pfizer Inc. (NYSE: PFE), Procter & Gamble Co. (NYSE: PG), Solarfun Power Holdings Co. Ltd. (NASDAQ: SOLF), Sykes Enterprises, Incorporated (NASDAQ: SYKE), and Trius Therapeutics, Inc. (NASDAQ: TSRX).
Acorda Therapeutics, Inc. (NASDAQ: ACOR) is trading higher after its Ampyra MS sales were reflected in its quarterly earnings. Sales were close to double expectations at $30 million. Shares are trading up 10% at $36.49 on only about 15,000 shares.
Arena Pharmaceuticals, Inc. (NASDAQ: ARNA) is weak again after a JPMorgan downgrade yesterday and ahead of earnings after the close today. Shares are down another 2.5% at $6.99 on over 130,000 shares.
Cognizant Technology Solutions Corp. (NASDAQ: CTSH) is soaring after beating earnings estimates and raising 2010 guidance. Shares are up 11.8% at $61.96 on about 200,000 shares. Mark this as a 52-week high as the prior range was $29.76 to $56.08.
Dow Chemical Company (NYSE: DOW) is trading lower after the chemical giant reported Q2 earnings of $0.54 EPS on $13.6 billion in revenue versus estimates from Thomson Reuters of $0.56 EPS and $13.69 billion. Shares are down 4.7% at $27.00 on over 100,000 shares versus a 52-week range of $19.75 to $32.05.
Genzyme Corp. (NASDAQ: GENZ) is trading marginally higher after reports that it has entered into friendly merger negotiations with Sanofi. Shares are up 1% at $71.10, but on light trading volume.
Pfizer Inc. (NYSE: PFE) beat its earnings expectations this morning and maintained guidance. Shares are now up 3.6% at $16.04 on well over 2.5 million shares.
Procter & Gamble Co. (NYSE: PG) shares are trading lower by about 3.4% at $59.94 on over 400,000 shares after earnings disappointed the street. Advertising, slow growth, high promotions, and even private label selling are all chalked up as the culprit. The 52-week range is $39.37 to $64.58, although that $39-handle is from The Flash Crash and is fake.
Solarfun Power Holdings Co. Ltd. (NASDAQ: SOLF) is trading higher, although maybe not a smuch as it would sound considering the news. Revenue rose 18% to $258.5M and earnings were $0.59 EPS vs. Thomson Reuters estimates of $212.8 M and $0.25 EPS. There may be items in the numbers. The big news is that Hanwa Chemical is paying roughly $10.72 per ADR to buy half of the company. Shares are trading up 12.6% at $11.55 on over 250,000 shares, a new 52-week high versus a trading range of $4.48 to $10.78.
Sykes Enterprises, Incorporated (NASDAQ: SYKE) is getting crushed this morning after missing earnings estimates and lowering guidance. Shares are down 32% at $10.35 on over 250,000 shares. Mark that as a new 52-week low as the prior trading range was $13.48 to $26.91.
Trius Therapeutics, Inc. (NASDAQ: TSRX) priced its IPO of 10 million shares at $5.00. The price is far lower than the prior $12 to $14 price range, but the share count is far higher. This begins trading today.
You can join our free daily email distribution list to hear more about dividend trends, analyst upgrades and downgrades, top day trader and active trader alerts, news on Buffett and other investment gurus, IPOs, secondary offerings, private equity, and more.
JON C. OGG
Top Gaining Stocks
Top Losing Stocks