Six Hot Stocks to Watch for Friday: Gap, 3D Systems, Pain Therapeutics and More

Investing

Published: May 10, 2013 9:20 am

It is Friday, so TGIF. Before you get too deep into your weekend there is still a full trading day and Wall Street has many stocks on the move. 24/7 Wall St. is using six movers that it thinks will be very highly focused on by active traders and day traders this Friday.

Gap Inc. (NYSE: GPS) showed that its first quarter is ahead of expectations and same-store sales were rising faster than expected. Shares are up 4.5% above $40.50 this morning, and the stock was up as much as about 6% last night.

Pain Therapeutics Inc. (NASDAQ: PTIE) is perhaps the most appropriately named stock out there today. Pfizer Inc. (NYSE: PFE) is evaluating its participation in the Remoxy pain drug. This stock is down a whopping 47% at $2.78 in very active trading for what is usually a thin-volume stock.

Progenics Pharmaceuticals Inc. (NASDAQ: PGNX) is surging 19% to $5.14 after its earnings report, although we would note a very wide spread in early trading indications.

Sequenom Inc. (NASDAQ: SQNM) is surging up by almost 13% to $4.03 a day after its earnings report.

3D Systems Corp. (NYSE: DDD) priced its 7.5 million shares down $3 from yesterday’s close at $40 and the stock is down 6.7% at $40.10. This was a poorly priced offering and shareholders have to worry that 3D Systems is going to make an expensive acquisition since it specifically mentioned acquisitions in its use of proceeds.

Ubiquiti Networks Inc. (NASDAQ: UBNT) posted a drop of 26% in earnings on weak system sales, but Wall Street is trusting its positive guidance very much. Shares are up 19% at $19.16 this Friday.

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