Morning Movers (DLA, URBN, HL, SVU, P)

There are several stocks trading more heavily than usual this morning, and also experiencing large gains or drops in share prices. These include Delta Apparel Inc. (NYSE: DLA), Urban Outfitters Inc. (NASDAQ: URBN), Hecla Mining Co. (NYSE: HL), Supervalu Inc. (NYSE: SVU), and Pandora Media Inc. (NYSE: P).

Delta Apparel is down more than -26% at $14.08. Volume is already more than double the daily average. The clothes maker lowered guidance this morning..

Urban Outfitters is down more than -19% at $23.80. Volume is already double the daily average. The clothing retailer’s CEO has resigned.

Hecla Mining is down nearly -23% at $4.51, a new 52-week low. Volume is already nearly equal to the daily average. The company has lowered its silver production forecast from 9.5 million ounces to 7 million ounces following an order from a federal regulator to close one of its shafts.

Supervalu is down more than -10% at $7.52. Volume is heavy, with more than half the daily average number of shares already traded. The supermarket company missed revenue expectations this morning and has lowered guidance.

Pandora Media is up more than 6% at $12.19. Volume has already surpassed the daily average. The Internet radio company has announced that it has deals with 23 automakers and more than 450 consumer electronics companies to carry its programming.

Paul Ausick