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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