There are several stocks trading more heavily than usual this morning, and also experiencing large gains or drops in share prices. These include Dick’s Sporting Goods Inc. (NYSE: DKS), Tractor Supply Co. (NASDAQ: TSCO), Sanderson Farms Inc. (NASDAQ: SAFM), Williams-Sonoma Inc. (NYSE: WSM), and Infosys Ltd. (NASDAQ: INFY).
After the first half hour of trading, Dick’s Sporting Goods is up more than 9% at $39.83. Volume is already more than double the daily average. Volume has already double the daily average. The sporting goods retailer reported lagging sales, but offset that with a new $200 million share buyback program.
Tractor Supply is up more than 7.5% at $78.42, after posting a new 52-week high of $80.11. Volume has already surpassed the daily average. The farm and ranch retailer reported better-than-expected earnings last night and raised 2011 EPS guidance.
Sanderson Farms is up more than 6% at $50.33. Volume is heavy, at about 70% of the daily average already trading hands. The poultry producer is likely getting a boost from the latest federal report on crop prices, especially corn, which is expected to be both abundant and cheaper.
Williams-Sonoma is down nearly -13% at $34.02. Volume is already 4x the daily average. The home furnishings company cut its sales guidance and announced a new stock repurchase program this morning.
Infosys is down nearly -9% at $51.76. Volume is already 3x the daily average. The India-based business outsourcing company missed the consensus estimate for fourth-quarter EPS.