There are many stocks on the move this Monday morning for active traders. Stocks we are tracking are Apple Inc. (NASDAQ: AAPL), Arena Pharmaceuticals Inc. (NASDAQ: ARNA), Expedia Inc. (NASDAQ: EXPE), Lennar Corp. (NYSE: LEN), L-1 Identity Solutions Inc. (NYSE: ID), Open Table, Inc. (NASDAQ: OPEN), and TD Ameritrade Holding Corporation (NASDAQ: AMTD).
Apple Inc. (NASDAQ: AAPL) is trading higher after Kaufman Bros. raised its price target on Apple to $374 from $350 after strong iPad momentum was seen in channel checks. Shares are up 0.4% at $276.44, but keep in mind that the 52-week high and all-time high is $279.01.
Arena Pharmaceuticals Inc. (NASDAQ: ARNA) is trading up marginally in early trading around $2.05. This is after its diet drug failed and shares went from a $3.74 close on Thursday to a close of $1.99 on 80+ million shares. Trading volume is still very light but is picking up.
Expedia Inc. (NASDAQ: EXPE) is down about 2% at $28.19 after being downgraded this morning by Oppenheimer.
Lennar Corp. (NYSE: LEN) shares are up over 5% at $14.75 after the homebuilder reported earnings of $0.16 EPS vs. $0.05 expected. Revenues were also much higher at $825 million.
L-1 Identity Solutions Inc. (NYSE: ID) is trading up 19% at $11.60 after the security solutions provider agreed to be acquired by Safran for $12.00 per share in cash for $1.1 billion in total equity.
Open Table, Inc. (NASDAQ: OPEN) is seeing share hit after Barron’s wrote that its “sky-high valuation could lead to indigestion for investors in the restaurant-reservation Website. Why it might be time to leave the table.” Shares are down 3% at $63.17 in early indications.
TD Ameritrade Holding Corporation (NASDAQ: AMTD) was given a positive article in Barron’s saying not to count the discount broker out. Shares are indicated up 4% at $16.35 on fairly thin volume.
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