Investing

Morning Movers (TRCR, DSCO, BONT, P, CSIQ)

The three major US equities indexes opened higher this morning following an in-line report fromn ADP on employment. The dollar is gaining strength even though the dollar index is down slightly, at -0.03% this morning at 79.839. The DJIA is up nearly 30 points at around 12,789, the Nasdaq Composite is up 16 points at around 2,926, and the S&P 500 is up about 3.5 points at around 1,347.

There are several stocks trading more heavily than usual this morning, and also experiencing large gains or drops in share prices. These include the Transcend Services Inc. (NASDAQ: TRCR), Discovery Laboratories Inc. (NASDAQ: DSCO), The Bon Ton Stores Inc. (NASDAQ: BONT), Pandora Media Inc. (NYSE: P), and Canadian Solar Inc. (NASDAQ: CSIQ).

Transcend Services is up nearly 40% at $29.27. Volume is already more than 12x the daily average of about 65,000 shares traded. The medical transcription service is being acquired by Nuance Communications Inc. (NASDAQ: NUAN) for $300 million in net cash ($29.50/share).

Discovery Laboratories is up nearly 26% at $4.71. Volume is already around 12x the daily average of about 656,000 shares traded. The drug maker has received FDA approval for a respiratory drug to treat premature infants.

Bon Ton Stores is up about 28% at $6.72. Volume is already about 3x the daily average of around 240,000 shares traded. The retailer reported lower-than-expected earnings and revenues, but its forecast is above expectations.

Pandora Media is down more than -24% at $10.83. Volume is already about about 5x the daily average of around 2.1 million shares traded. The Internet radio company posted worse than expected earnings last night. More coverage here.

Canadian Solar is down about -12% at $2.90. Volume is already about equal to the daily average of around 1.3 million shares traded. The solar panel maker reported very poor earnings this morning and its outlook is also weak. More coverage here.

Paul Ausick

100 Million Americans Are Missing This Crucial Retirement Tool

The thought of burdening your family with a financial disaster is most Americans’ nightmare. However, recent studies show that over 100 million Americans still don’t have proper life insurance in the event they pass away.

Life insurance can bring peace of mind – ensuring your loved ones are safeguarded against unforeseen expenses and debts. With premiums often lower than expected and a variety of plans tailored to different life stages and health conditions, securing a policy is more accessible than ever.

A quick, no-obligation quote can provide valuable insight into what’s available and what might best suit your family’s needs. Life insurance is a simple step you can take today to help secure peace of mind for your loved ones tomorrow.

Click here to learn how to get a quote in just a few minutes.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.