At about 12:30 p.m., the three major equity indexes all remain in positive territory though down somewhat from the opening surge. The DJIA is up about 48 points at about 12,849, the Nasdaq is up about 19 points at around 2,923, and the S&P 500 is up more than 5 points to 1,348. The Greek parliament’s vote to approve new austerity measures only carried the market so far without more upbeat news to support it. The dollar has regained some lost ground but remains weaker against the euro and the British pound, and still up against the Japanese yen, and the dollar index is up 0.08% at 78.941, somewhat higher than where it started the day.
Among the major movers at around noon today are Blue Dolphin Energy Co. (NASDAQ: BDCO), Complete Genomics Inc. (NASDAQ: GNOM), Chelsea Therapeutics International Ltd. (NASDAQ: CHTP), Crawford & Co. (NYSE: CRD-A), and Nam Tai Electronics Inc. (NYSE: NTE).
Dolphin Energy is up nearly 67% at $8.63 after posting a new 52-week high of $10.48 earlier. Volume is about already about 20x the daily average of around 22,000 shares traded. The pipeline and oil & gas producer has no news, but crude prices are rising today and Blue Dolphin is appealing to investors.
Complete Genomics is up about 48% at $4.87. Volume is nearly 30x the daily average of around 675,000 shares traded. The DNA-sequencing company has been selected by the Mayo Clinic to supply outsourced whole human genome sequencing.
Chelsea is down nearly -33% at $3.35 after posting a new 52-week low of $2.90 earlier. Volume is more than 14x the daily average of about 615,000 shares traded. The development stage pharmaceutical company reported that it would present additional information for its new drug application currently pending before the FDA.
Crawford & Co. is down more than -14% at $3.90. Volume is nearly 5x the daily average of 50,000 shares traded. The claims management service reported weaker than expected earnings this morning.
Nam Tai is down nearly -13% at $5.80. Volume is already more than 3x the daily average of about 90,000 shares traded. The Chinese electronics product maker reported weak earnings this morning.
Paul Ausick
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