There are several stocks trading more heavily than usual this morning, and also experiencing large gains or drops in share prices. These include Threshold Pharmaceuticals Inc. (NASDAQ: THLD), Zoltek Cos. Inc. (NASDAQ: ZOLT), Genworth Financial Inc. (NYSE: GNW), STR Holdings Inc. (NASDAQ: STRI), and Intermec Inc. (NYSE: IN).
After the first half hour of trading this morning, Threshold is up nearly 83% at $2.36. Volume is about 20 x the daily average of about 137,000 shares traded. The pharmaceuticals firm has announced a global development deal with Germany’s Merck. See our coverage here.
Zoltek is more than 45% at $13.75. Volume is about 7x the daily average of about 263,000 shares traded. The specialty fibers maker posted good earnings number and forecast continued growth in the market for wind turbines.
Genworth is up nearly 14% at $9.15. Volume is already nearly equal to the daily average of about 9.3 million shares traded. The financial services company reported better-than-expected earnings last night, and growth in its life insurance business.
STR Holdings is down nearly -17% at $9.42. Volume is already above the daily average of about 287,000 shares traded. The company manufactures materials used in solar PV modules, and lowered its fourth-quarter guidance this morning.
Intermec is down more than -11% at $7.77. Volume is already more than half the daily average of about 254,000 shares traded. The RFID products maker missed estimates and has lowered guidance.
The DJIA is up 1.26% at about 12,866, the Nasdaq Composite is up 1.36% at about 2,899, and the S&P 500 is up 1.29% at about 1,343. The unexpectedly buoyant employment report is driving the market this morning.
Paul Ausick
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