There are several stocks trading more heavily than usual this morning, and also experiencing large gains or drops in share prices. These include Infinity Pharmaceuticals Inc. (NASDAQ: INFI), Riverbed Technology Inc. (NASDAQ: RVBD), Solutia Inc. (NYSE: SOA), Informatica Corp. (NASDAQ: INFA), and Ford Motor Co. (NYSE: F).
After the first half-hour of trading, Infinity Pharmaceuticals is down more than -31% at $6.81. Volume is nearly 4x the daily average of about 64,000 shares traded. The drug maker has cancelled further trials of a pancreatic cancer drug that does not perform better than placebo.
Riverbed is down nearly -21% at $23.66. Volume is already nearly 3x the daily average of about 3.1 million shares traded. The networking technology company warned this morning that first-quarter sales growth would not meet previous expectations.
Solutia is up more than 41% at $27.56 after posting a new 52-week high of $57.85 earlier. Volume is already 12x the daily average of about 1.3 million shares traded. The specialty chemicals company has agreed to be acquired by Eastman Chemical Co. (NYSE: EMN) for $3.4 billion in cash and stock.
Informatica is up nearly 15% at $44.00. Volume has already exceeded the daily average of 1.7 million shares traded. The business software and services company has raised its outlook for the first quarter.
Ford is down more than -4% at $12.18. Volume is already about 80% of the daily average of about 54 million shares traded. The automaker missed earnings estimates this morning.
Paul Ausick
It’s Your Money, Your Future—Own It (sponsor)
Retirement can be daunting, but it doesn’t need to be.
Imagine having an expert in your corner to help you with your financial goals. Someone to help you determine if you’re ahead, behind, or right on track. With SmartAsset, that’s not just a dream—it’s reality. This free tool connects you with pre-screened financial advisors who work in your best interests. It’s quick, it’s easy, so take the leap today and start planning smarter!
Don’t waste another minute; get started right here and help your retirement dreams become a retirement reality.
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.