There are several big movers this morning for day traders and active traders that look for stocks with gap-ups or gap-downs. Stocks with news or events causing moves are ArcSight, Inc. (NASDAQ: ARST), BP plc (NYSE: BP), Exide Technologies (NASDAQ: XIDE), Medical Nutrition USA, Inc. (NASDAQ: MDNU), Repros Therapeutics Inc. (NASDAQ: RPRX), Sequenom Inc. (NASDAQ: SQNM), and Wendy’s/Arby’s Group, Inc. (NYSE: WEN). We have provided the color on each and the move on each with background data where applicable.
ArcSight, Inc. (NASDAQ: ARST) is one of the top gainers after beating earnings. Shares are up over 12% at $22.25 on almost 30,000 shares; the 52-week range is $14.23 to $29.33 and average volume is about 460,000 shares.
BP plc (NYSE: BP) is up again for a second day despite talks of a dividend cut. Shares are up 5.1% at $32.78 on almost 3 million shares. Shares closed at $32.78 after yesterday’s gap up and the intra-day range had a high of $33.04 and a low of $30.89.
Exide Technologies (NASDAQ: XIDE) is higher after announcing a new licensing agreement with Honeywell (NYSE: HON) consumer products unit to use the Autolite trademark on its batteries. Shares are up 5.5% at $5.69 on close to 25,000 shares.
Medical Nutrition USA, Inc. (NASDAQ: MDNU) is the top gainer at a 40% gain due to Danone acquiring the company. Danone North America, Inc. will acquire all the outstanding shares at $4.00 per share in cash, in a $62.3 million deal. Shares are up 40% at $3.91, but volume is tiny on this one.
Repros Therapeutics Inc. (NASDAQ: RPRX) is surging this morning on news that the FDA has lifted a full clinical hold to a partial hold on Repros Therapeutics’ Proellex. Shares are up almost 40% at $0.67 on about 75,000 shares. The 52-week range is $0.45 to $7.80 and average volume is 1.66 million shares.
Sequenom Inc. (NASDAQ: SQNM) is a large gainer after Auriga raised the rating to BUY from HOLD and raised the price target to $9.00. Shares are up 4.4% at $6.20 on about 75,000 shares.
Wendy’s/Arby’s Group, Inc. (NYSE: WEN) may be real or may be implied, but Nelson Peltz’s Trian Fund said in a SEC filing that it has received an oral inquiry from a third party that expressed preliminary interest about a possible acquisition involving Wendy’s/Arby’s Group. Shares are up 9.9% at $4.77 on over 50,000 shares; the 52-week range is $3.55 to $5.55. This was one of our recent “stocks which could double” in our screens.
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JON C. OGG