Top Active Trader Alert Stocks (DRYS, OREX, TSLA)

Investing

Published: June 3, 2011 8:54 am

Last Updated: June 3, 2011 8:57 am

Active traders and day traders have many stocks to choose from this Friday morning. We are tracking news and moves in shares of DryShips, Inc. (NASDAQ: DRYS), Orexigen Therapeutics, Inc. (NASDAQ: OREX), and Tesla Motors, Inc. (NASDAQ: TSLA).

DryShips, Inc. (NASDAQ: DRYS) is up more than 7.5% premarket to $4.11, relative to a 52-week range of $3.28-$6.44. Shares of DRYS were upgraded by Goldman Sachs to buy from neutral.

Orexigen Therapeutics, Inc. (NASDAQ: OREX) continues its recent period of heavy volatility. Shares of OREX are down 33% premarket on heavy volume to $2.14, relative to a 52-week range of $2.47-$11.15. The company failed to gain regulatory approval from the FDA for a heart safety study for their obesity drug.

Tesla Motors, Inc. (NASDAQ: TSLA) is up 4% premarket to $29.90, relative to a 52-week range of $14.98-$36.42. The company is issuing a public stock offering of 5.3 million shares at $26.72 per share.

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