There are several stocks trading more heavily than usual this morning, and also experiencing large gains or drops in share prices. These include Insmed Inc. (NASDAQ: INSM), Ascent Solar Technologies Inc. (NASDAQ: ASTI), Cogent Communications Corp. Inc. (NASDAQ: CCOI), Google Inc. (NASDAQ: GOOG), and Allos Therapeutics Inc. (NASDAQ: ALTH).
After the first half-hour of trading, Insmed is up nearly 33% at $5.10. Volume has already reached 20x the daily average of 82,000 shares traded. The biotech company announced that the FDA has lifted a clinical hold on a lung disease drug.
Ascent Solar is down more than -14% at $0.91. Volume is already 4x the daily average of 227,000 shares traded. The solar panel maker is likely experiencing some profit taking from the recent run-up in solar stocks.
Cogent Communications is down more than -15% at $15.87. Volume is 7x the average daily volume of 357,000 shares traded. The network communications provider is suffering from the shutdown last night of the Megaupload website, one of Cogent’s largest customers.
Google is down nearly -8% at $589.43. Volume is already 50% higher than the daily average of about 2.9 million shares traded. The search giant reported higher costs and lower earnings last night. We have more coverage here.
Allos Therapeutics is down nearly -11% at $1.48. Volume is already exceeds the daily average of 631,000 shares traded. The drug maker has received a negative opinion on use of one of its cancer drugs from a European regulator.
Paul Ausick
Take Charge of Your Retirement In Just A Few Minutes (Sponsor)
Retirement planning doesn’t have to feel overwhelming. The key is finding expert guidance—and SmartAsset’s made it easier than ever for you to connect with a vetted financial advisor.
Here’s how it works:
- Answer a Few Simple Questions. Tell us a bit about your goals and preferences—it only takes a few minutes!
- Get Matched with Vetted Advisors Our smart tool matches you with up to three pre-screened, vetted advisors who serve your area and are held to a fiduciary standard to act in your best interests. Click here to begin
- Choose Your Fit Review their profiles, schedule an introductory call (or meet in person), and select the advisor who feel is right for you.
Why wait? Start building the retirement you’ve always dreamed of. Click here to get started today!
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.