We have taken a look at the movers up and down today and pulled out the key names we have seen on news with exponential trading volume. We have also included the news and relative color on the trading day and offered a link to each where applicable. Share prices as of a 12:25 PM EST snapshot…
Akeena Solar, Inc. (NASDAQ: AKNS) is up on the announcement that it will provide solar installation services for Lowe’s. 674K shares, up 8.6% at $1.13 on over 2X trading volume and versus 52-week range of $0.67 to $1.98.
Blockbuster Inc. (NYSE: BBI) look like BlockKnocker actually. Shares are down 32% at $0.27 on 22.4 million shares… about 4X volume already on the heels of a bankruptcy warning.
Fannie Mae (NYSE: FNM) is up over 7% at $1.13 on 40 million shares, about 166% normal volume already. Fannie cut its mortgage forecast but sold $5 billion in new bills.
Fuqi International, Inc. (NASDAQ: FUQI) is down now over 36% at $12.05 on 12 million (plus) shares… that is now already over 12X volume. 52-Week range is $3.65 to $32.68. These guys won the “Mr. Dumas Accounting Award†today.
LSI Corporation (NYSE: LSI) is back if you have forgotten about the old semiconductor and chip company. LSI raised its guidance on strong product sales and even announced a $250 million share buyback plan. LSI is up 8% at $6.29 on 26 million shares versus ‘only’ about 9 million shares otherwise.
Meridian Bioscience, Inc. (NASDAQ: VIVO) lowered its ficsal 2010 guidance: Net sales are now expected to be between $145 million and $153 million, compared to the previous guidance range of $160 million to $165 million. Diluted earnings per share is expected to be between $0.70 and $0.80, compared to the previous guidance range of $0.90 to $0.95. Shares are down 15% at $20.17 on over 1.3 million shares. That is 5X volume and the 52-week range is $14.79 to $26.20.
Polycom, Inc. (NASDAQ: PLCM) is still running on rumors of an Apax Partners acquisition. Shares are up 9.85% at $33.45 on 11.8 million shares, about 10X volume. The $33.44 high today market a two-year high.
Synovus Financial Corp. (NYSE: SNV) is up after Jim Cramer touted this one as a potential homerun last night on CNBC Mad Money. Shares are up 4.2% at $3.74 on 28.2 million shares, or about 2X volume already. The 52-week range is $1.45 to $5.24.
VirnetX Holding Corp. (NYSE AMEX: VHC) won a $105.75 million patent ruling against Microsoft… This could be triple the amount under certain circumstance. Shares are up 13.4% at $6.34 on 2.6 million shares. The 52-week range is $1.05 to $7.99 but that $7.99 may be a false print because that is listed as today and the intraday chart does not show that. Today’s move is over 5X volume.
Volterra Semiconductor Corporation (NASDAQ: VLTR) is proof that stocks which hit new highs rarely do it once only. Shares are up 5.7% at $24.90 on 700K shares, more than double its average volume. The 52-week range is $8.03 to $25.05 and that $25.03 is today’s high.
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JON C. OGG
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