The three major US equities indexes opened higher this morning as traders await an agreement on the still-pending Greek debt swap. The DJIA is about 13 points at about 12,891, the Nasdaq Composite is up about 9 points at about 2,913, and the S&P 500 is up more than 3 points at about 1,350.
There are several stocks trading more heavily than usual this morning, and also experiencing large gains or drops in share prices. These include S&W Seed Co. (NASDAQ: SANW), Calix Inc. (NYSE: CALX), Computer Sciences Corp. (NYSE: CSC), Silicon Graphics International Inc. (NASDAQ: SGI), and Teekay Tankers Ltd. (NYSE: TNK)
After the first half hour of trading this morning, S&W seed is up nearly 26% at $5.82 after posting a new 52-week high of $6.19 earlier. Volume is about already about 40x the daily average of about 12,500 shares traded. The seed supplier reported better-than-expected earnings this morning.
Calix is up about 35% at $11.59. Volume is already equal to the daily average of about 360,000 shares traded. The broadband communications provider beat earnings expectations last night.
Computer Sciences is up nearly 25% at $32.99. Volume has already surpassed the daily average of about 2.4 million shares traded. The enterprise software company reported a loss for its third quarter on writedowns, but adjusted EPS handily beat expectations.
SGI is down more than -24% at $10.88. Volume is about 7x the daily average of 540,000 shares traded. The high-performance computer maker posted weak quarterly earnings and cut its forecast for the full year.
Teekay Tankers is down more than -12% at $3.98. Volume is already about 10x the daily average of about 512,000. The shipping company this morning priced a secondary stock offering of 15 million shares at $4/share.
Paul Ausick
Want to Retire Early? Start Here (Sponsor)
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Have questions about retirement or personal finance? Email us at [email protected]!
By emailing your questions to 24/7 Wall St., you agree to have them published anonymously on a673b.bigscoots-temp.com.
By submitting your story, you understand and agree that we may use your story, or versions of it, in all media and platforms, including via third parties.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.