Investing

Top Active Trader Alert Stocks (APSG, ARNA, C, CTV, FWLT, NVTL, PPD, SVA, SOHU)

Active traders and day traders have many stocks to choose from this Monday morning.  We are tracking news and moves in shares of Applied Signal Technology, Inc. (NASDAQ: APSG), Arena Pharmaceuticals, Inc. (NASDAQ: ARNA), Citigroup, Inc. (NYSE: C), CommScope, Inc. (NYSE: CTV), Foster Wheeler AG (NASDAQ: FWLT), Novatel Wireless Inc. (NASDAQ: NVTL), Pre-Paid Legal Services, Inc. (NYSE: PPD), Sinovac Biotech Ltd. (NASDAQ: SVA), and Sohu.com Inc. (NASDAQ: SOHU).

Applied Signal Technology, Inc. (NASDAQ: APSG) confirmed on Friday that it was exploring strategic alternatives; shares are up 5.3% at $32.99 and above the $31.65 year high put in on Friday.

Arena Pharmaceuticals, Inc. (NASDAQ: ARNA) announced that the FDA Rejected its Lorcaserin diet drug; shares are actually higher by 3.7% at $1.69 this morning.

Citigroup, Inc. (NYSE: C) is trading higher after Goldman Sachs added the bank to its Conviction Buy List.  Shares are up about 3% at $4.23.

CommScope, Inc. (NYSE: CTV) is soaring on news that it is talks with Carlyle over being acquired for $31.50 per share versus a $23.12 close on Friday and versus a 52-week range of $18.39 to $34.95.

Foster Wheeler AG (NASDAQ: FWLT) is trading lower after its CEO is leaving to pursue other interests.  Shares are down 1.6% at $23.65 this morning.

Novatel Wireless Inc. (NASDAQ: NVTL) is up on thin volume with shares up 5% at $11.30, likely on more hopes of getting iPad business from carriers.  We have not confirmed but BMO has reportedly upgraded the stock.

Pre-Paid Legal Services, Inc. (NYSE: PPD) is trading higher this morning after announcing that it is exploring strategic alternatives to increase shareholder value; it disclosed that it is evaluating an offer received from a well-known private equity firm to acquire it at $60.00 cash per share.  Shares are up 11.3% at $62.50 versus a 52-week trading range of $30.68 to $68.66.

Sinovac Biotech Ltd. (NASDAQ: SVA) is lower after it lowered its revenue guidance.  Shares are down about 6.7% at $3.77 in pre-market trading.

Sohu.com Inc. (NASDAQ: SOHU) is trading up after earnings with a 20% sales gain and 12% income gain.  Shares are up almost 7% at $65.76 before the open versus a 52-week trading range of $40.05 to $71.50.

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JON C. OGG

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