Morning Movers (SPWR, BASI, RMBS, SKY, CAMP)

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