Despite it being a Friday in late-August, we are seeing several shares on the move this morning for active traders and day traders. Stocks on the move are Arc Sight, Inc. (NASDAQ: ARST), ImmunoGen Inc. (NASDAQ: IMGN), J. Crew Group, Inc. (NYSE: JCG), Netezza Corporation (NYSE: NZ), 3PAR, Inc. (NYSE: PAR), Somaxon Pharmaceuticals, Inc. (NASDAQ: SOMX), SunPower Corporation (NASDAQ: SPWRA) and Sterling Financial Corp. (NASDAQ: STSA).
Arc Sight, Inc. (NASDAQ: ARST) is trading higher this morning based on a potential sale that rocketed shares higher yesterday. Shares are up 4% at $38.08 on over 50,000 shares.
ImmunoGen Inc. (NASDAQ: IMGN) is getting whacked by 25% to $6.25 this morning after partner Genentech disclosed a receipt of a Refuse to File letter from the FDA for trastuzumab-DM1.
J. Crew Group, Inc. (NYSE: JCG) is down after its 2010 guidance was not up to par. Shares are down almost 7% at $31.10 on over 50,000 shares.
Netezza Corporation (NYSE: NZ) is surging after profits quadrupled and after raising full year guidance. Shares are up 17% at $17.50. This is higher than early indications, but trading volume is still thin at under 20,000 shares.
3PAR, Inc. (NYSE: PAR) up 10.9% at $38.87 versus the matched $27 offer from Dell against HP.
Somaxon Pharmaceuticals, Inc. (NASDAQ: SOMX) is up 3% at $4.74 on a second day run after yesterday’s P&G deal. Volume is rather light at almost 70,000 shares.
SunPower Corporation (NASDAQ: SPWRA) is trading up up 4.7% at $10.50 on an analyst upgrade.
Sterling Financial Corp. (NASDAQ: STSA) is down 10% at $0.53 after it completed a recapitalization yesterday.
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JON C. OGG
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