There are several stocks trading more heavily than usual this morning, and also experiencing large gains or drops in share prices. These include SunPower Corp. (NASDAQ: SPWR), Bioanalytical Systems Inc. (NASDAQ: BASI), Rambus Inc. (NASDAQ: RMBS), Skyline Corp. (NYSE: SKY), and CalAmp Corp. (NASDAQ: CAMP).
After the first half hour of trading this morning, SunPower is up nearly 8% at $6.31. Volume has already passed the company’s daily average. The solar panel maker agreed to buy solar company Tenesol from Total SA (NYSE: TOT) for $165 million. SunPower will pay for the acquisition with 18.5 million new shares issued to Total, at a per share price of $8.80, about 50% higher than yesterday’s closing price.
Bioanalytical Systems is up nearly 8% at $1.50. Volume has already doubled the daily average. The biopharmaceutical company reported good earnings earlier this week.
Rambus is up more than 15% at $8.42. Volume is already equal to the daily average. The semiconductor memory chip maker has reached a patent licensing agreement with Broadcom Corp.
Skyline is down more than -8% at $4.30, after posting a new 52-week low of $4.14. Volume already surpasses the daily average. The manufactured home builder has been dropped from the S&P 600 index.
CalAmp is down more than -13% at $4.44. Volume is double the daily average. The wireless technology company reported lower-than-expected earnings this morning.
Paul Ausick
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