At about noon, the DJIA is still up about 35 points at about 12,880, the Nasdaq is up some about 8 points at around 2,910, and the S&P 500 is up about 2.5 points to 1,347. News that Greece has nearly closed a deal on its debt swap is boosting markets in Europe and the US, and pushing up Asian futures as well. Another good report on US unemployment is out, this one indicating that US job openings are at their highest level since August 2008.
Among the major movers at around noon today are The McClatchy Co. (NYSE: MNI), Coinstar Inc. (NASDAQ: CSTR), Cybex International Inc. (NASDAQ: CYBI), NeurogesX Inc. (NASDAQ: NGSX), and Standard Pacific Corp. (NYSE: SPF).
Shares of McClatchy are up about 25% at $2.79. About 2.4 million shares have been traded so far today, compared with a 3-month daily average of about 1.2 million shares traded. The newspaper company reported stronger-than-expected earnings today. More coverage here.
Coinstar is up nearly 19% at $59.95 after posting a new 52-week high of $60.81 earlier. More than 10 million shares have traded this morning, compared with a 3-month daily average of around 1.1 million. The video rental company will join with Verizon Communications Inc. (NYSE: VZ) to offer a streaming video service to compete with Netflix Inc. (NASDAQ: NFLX) and others. We have more coverage here and here.
Cybex is up nearly 22% at $1.45 after posting a new 52-week high of $1.55 earlier. About 242,000 shares have traded this morning, compared with a 3-month daily average of less than 40,000. The sporting goods firm has settled a product liability suit for $19.5 million.
NeurogesX is down nearly -23% at $0.89. About 1.8 million shares have traded by mid-day, compared with a daily average of about 220,000. The pharmaceuticals firm has received a query from the Food and Drug Administration regarding the efficacy of its pain-relief patch.
Standard Pacific shares are up more than 13% at $4.59 after posting a new 52-week high of $4.85 earlier today. More than 9 million shares have already traded this morning, compared with a 3-month daily average of about about 2 million shares. The homebuilder posted good earnings today and reported that orders are up 8% in January.
Paul Ausick
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