These are this Tuesdayâs top day trading alerts.Â We have included news, the relative price moves, and added color on each where applicable.Â Time stamps as of 8:50 AM EST:
American Superconductor Corporation (NASDAQ: AMSC) is up almost 4% at $29.95 on thin volume after it reported that it has received an initial order for full wind turbine electrical control systems worth more than $20 million from Ghodawat Energy in India.
Ardea Biosciences, Inc. (NASDAQ: RDEA) is trading lower on the pricing of a public offering of 3,500,000 shares of its common stock via Jefferies.Â Shares are down over 7% at $20.15 on about 30,000 shares.Â The 52-week range is $8.78 to $23.90.
CA Inc. (NASDAQ: CA) is down after it announced its Fiscal 2010 Restructuring Plan that includes a workforce reduction of approximately 1,000 positions and additional global facilities consolidations. For 2010, its guidance comes to Non-GAAP earnings growth of 7-15% or $1.60 to $1.71 EPS, while Thomson Reuters hgas estimates of $1.69 EPS.
China Information Security Technology, Inc. (NASDAQ: CPBY) is soaring after it reported that the State Grid Corporation of China selected its proprietary GeoStar and GeoGlobe geographic information systems as one of its only two suppliers for the build-out of the nationwide Smart Grid in China.Â Shares are up 31% at $6.97 on over 700,000 shares, although this is still under its 52-week high as the trading range is $2.50 to $7.97.
Massey Energy Co. (NYSE: MEE) is down after a blast at one of its mines has killed at least 25 workers.Â Jefferies has already reiterated a BUY on the stock calling it undervalued.Â Massey was right at a 52-week high right before this accident, and shares are down over 7% at $50.65 on about 400,000 shares.
Star Scientific, Inc. (NASDAQ: CIGX) is up again on the initiation of a panel review over the âsafetyâ of tobacco, at least in menthol.Â Shares are up 7.4% at $3.04 on 125,183 shares.Â The 52-week range is $0.51 to $5.89.
TiVo INc. (NASDAQ: TIVO) is trading up this morning after Janney Montgomery Scott reiterated a Buy rating and hiked its price target to $26 from $22â¦ Shares are up 4.6% at $17.64 on about 80,000 shares.
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JON C. OGG