This Wednesday seems like there is a floodgate open of stocks on the move for active traders and day traders. We are tracking key moves in shares of ARM Holdings plc (NASDAQ: ARMH), AVI BioPharma, Inc. (NASDAQ: AVII), BP plc (NYSE: BP), Brocade Communications Systems, Inc. (BASDAQ: BRCD), CIENA Corporation (NASDAQ: CIEN), JA Solar Holdings, Co., Ltd. (NASDAQ: JASO), Microtune, Inc. (NASDAQ: TUNE), Zoran Corp. (NASDAQ: ZRAN), The Talbots Inc. (NYSE: TLB), Qiao Xing Mobile Communication Co., Ltd. (NYSE: QXM), and ZymoGenetics, Inc. (NASDAQ: ZGEN).
ARM Holdings, plc (NASDAQ: ARMH) is trading up 4.55% at $17.62 on over 45,000 shares on overseas strength.
AVI BioPharma, Inc. (NASDAQ: AVII) is up after being issued U.S. patent providing key coverage of RNA-based therapeutics as antibacterial a; shares up 5.7% at $2.23 on 70,000 shares.
BP plc (NYSE: BP) is up by +3.4% at $38.50 after Fitch raised it and after its internal report over the BP Deepwater Horizon disaster noted that all parties involved shared much of the blame.
Brocade Communications Systems, Inc. (BASDAQ: BRCD) is up yet again after many are considering it the next 3PAR-like acquisition target by either DELL, HPQ, ORCL, IBM, or others in the CISCO-DATACENTER WAR. Shares are up 2.75% at $6.08 on over 50,000 shares.
CIENA Corporation (NASDAQ: CIEN) shares are trading down 1.4% at $13.25 as its loss widened on items.
JA Solar Holdings, Co., Ltd. (NASDAQ: JASO) is up after signing 500MW in solar supply pacts; shares are up 3.4% at $6.70 on more than 70,000 shares.
Microtune, Inc. (NASDAQ: TUNE) will be acquired for $2.92 per share in cash ($166M) by Zoran Corp. (NASDAQ: ZRAN); Microtune is up 17.4% at $2.90 and Zoran has not traded.
The Talbots Inc. (NYSE: TLB) beat earnings on the surface but sales missed expectations; shares are trading down 9% at $10.05 but shares had been down 111% earlier; 165,000 shares traded so far.
Qiao Xing Mobile Communication Co., Ltd. (NYSE: QXM), one most don’t know, is proposing to take itself private; shares are up 27% at $3.28 on about 30,000 shares.
ZymoGenetics, Inc. (NASDAQ: ZGEN) is soaring after Bristol-Myers agreed to acquire ZymoGenetics for $885 million or $9.75 per share in cash; shares are trading up over 83% at $9.73 on about 7M shares.
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JON C. OGG
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