Day traders and active traders have many movers this morning to choose from. The top alerts were seen in 3PAR, Inc. (NYSE: PAR), AsiaInfo-Linkage,Inc. (NASDAQ: ASIA), Atlantic Power Corporation (NYSE: AT), Cell Therapeutics, Inc. (NASDAQ: CTIC), China Armco Metals, Inc. (NASDAQ: CNAM), Corinthian Colleges Inc. (NASDAQ: COCO), Orient Paper, Inc. (AMEX: ONP), Synutra International Inc. (NASDAQ: SYUT), and Strayer Education Inc. (NASDAQ: STRA).
3PAR, Inc. (NYSE: PAR) is trading up 85% at $17.89 on well over 5 million shares on the Dell acquisition. The 52-week trading range was $18.37 to $13.67.
AsiaInfo-Linkage,Inc. (NASDAQ: ASIA) is hardly trading but is lower after reporting that Ms. Wei Li will step down as vice president and CFO effective today, to pursue personal interests. The company has appointed Michael Wu, who previously served as chief financial officer of iSoftStone Information Technology, as the new CFO. Shares are indicated down 2.7% at $20.00.
Atlantic Power Corporation (NYSE: AT) is down 2.6% at $12.75 on thin volume trading after a Friday evening announcement that it was filing for a proposed convertible debenture and common share offering.
Cell Therapeutics, Inc. (NASDAQ: CTIC) is trading up on news that EMEA validated an expanded Pixantrone pediatric investigation plan.
China Armco Metals, Inc. (NASDAQ: CNAM) is down 11% at $3.57 after Friday’s earnings and after reporting that it is adding new cutting machines to boost its recycling capacity.
Corinthian Colleges Inc. (NASDAQ: COCO) is down with the education-related sector and after Deutsche Bank downgraded the shares. So far this one is down 9% at $6.05. That marks a new 52-week low as the trading range was $6.64 to $20.29. Looks like that crazy options signal on Friday was accurate.
Orient Paper, Inc. (AMEX: ONP) is higher after reporting that revenue increased 70.8% to $38.3 million and non-GAAP earnings rose 160% to $6.4 million, or $0.36 EPS. Shares are trading up 10.6% at $4.79 versus a 52-week range of $1.50 to $15.15.
Synutra International Inc. (NASDAQ: SYUT) is trading up 18% at $14.58 on over 20,000 shares after reporting that there was no link between the baby formula tests revealed acceptable levels of hormones and that it was not the cause of premature development. The 52-week range is $10.79 to $24.99.
Strayer Education Inc. (NASDAQ: STRA) is down over 15% at $169.00 after disclosing that the new Department of Education data and guidelines will have a material impact on its operations.
Friday’s unusual options trading activity was seen in NLY, COCO, HPQ, PCS, NTAP, NFLX, PHM, SUN.
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JON C. OGG
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