Active traders and day traders have several big movers to choose from this morning. Stocks on the move are Allied Irish Banks plc (NYSE: AIB), Bank of Ireland (NYSE: IRE), China Agritech Inc. (NASDAQ: CAGC), Potash Corp. of Saskatchewan, Inc. (NYSE: POT), RealD Inc. (NYSE: RLD), SkyPeople Fruit Juice, Inc. (NASDAQ: SPU), and Somaxon Pharmaceuticals, Inc. (NASDAQ: SOMX).
Allied Irish Banks plc (NYSE: AIB) and The Bank of Ireland (NYSE: IRE) are both getting slapped after S&P downgraded Ireland’s debt ratings last night. Allied is down 5.7% at $1.96, putting in a 52-week low under the $2.06 prior low. BofI is down 3.37% at $3.73 and the 52-week trading range is $3.10 to $20.18.
China Agritech Inc. (NASDAQ: CAGC) is down 5.2% at $16.00 along with some of the fertilizer names.
Potash Corp. of Saskatchewan, Inc. (NYSE: POT) is trading lower this morning after BHP said it would be prudent in its bidding process for Potash Corp. Shares are down 0.7% at $148.10.
RealD Inc. (NYSE: RLD) is trading up after at least three positive analyst initiations after its quiet period ended. Shares are up 2.3% at $17.90 versus a post-IPO range of $17.30 to $20.00.
SkyPeople Fruit Juice, Inc. (NASDAQ: SPU) is down sharply… -18% at $4.80 on 134,000 shares. This is on apparent secondary offering.
Somaxon Pharmaceuticals, Inc. (NASDAQ: SOMX) is soaring after P&G announced a co-promotion for its Silenor insomnia drug. Shares are trading up 35% at $4.57 versus a 52-week range of $0.90 to $10.60. There has also been more than 600,000 shares and the average volume is 1.8 million shares.
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JON C. OGG
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