Many stocks are on the move this morning, only a few of which are on earnings, and the moves feel a bit odd this morning compared to many other days. BP plc (NYSE: BP), Dell Inc. (NASDAQ: DELL), EnteroMedics, Inc. (NASDAQ: ETRM), Evergreen Solar Inc. (NASDAQ: ESLR), Extreme Networks, Inc. (NASDAQ: EXTR), Molecular Insight Pharmaceuticals, Inc. (NASDAQ: MIPI), SonicWALL Inc. (NASDAQ: SNWL), Uranium Resources, Inc. (NASDAQ: URRE), and Walgreen Company (NYSE: WAG) are the top day trader and active trader alerts.
We have offered the news, the move, and color on each where applicable.
BP plc (NYSE: BP) is trading lower again. Reports are out that a single bill was sent in from the White House for over $51 million. The problem is that the BP ADRs are trading under $30.00 this morning. Shares are down over 3% at $29.25 in active trading. Keep in mind that the prior 52-week low is $29.00.
Dell Inc. (NASDAQ: DELL) is considering going private, according to MarketWatch. But the problem is that there is nothing new here. Michael Dell already threw that notion out before. Shares are down 1% on thin volume at $13.80.
EnteroMedics, Inc. (NASDAQ: ETRM) announced updated data from its EMPOWER study showing that it saw significant sustained improvements in glycemic control and blood pressure. Shares are up by 30% at $0.38 on about 25,000 shares. With a $13 million market cap, this one can go either way. The 52-week range is $0.27 to $5.58.
Evergreen Solar Inc. (NASDAQ: ESLR) signed an agreement with Praxair China to supply bulk industrial gases. Shares are up 2.5% at $0.88 but these supply pacts often end up fading when terms are not set.
Extreme Networks, Inc. (NASDAQ: EXTR) is trading up after it was selected by the Austrian Ministry of the Interior for data center and local networks addressing national security. There have only been about 7,000 shares traded but shares are up 7% at $3.06 this morning versus a 52-week range of $1.65 to $3.79.
Molecular Insight Pharmaceuticals, Inc. (NASDAQ: MIPI) is trading up this morning after it received a third extension of its debt-holder waiver agreement. Shares are up 13% at $2.04 as it gets to continue restructuring plans.
SonicWALL Inc. (NASDAQ: SNWL) is up on word that it is being sued by holders for selling itself to cheaply. Shares were up 5% earlier and the stock is now trading up 4.7% at $11.89 on more than 2 million shares.
Uranium Resources, Inc. (NASDAQ: URRE) is trading lower after pricing a public secondary offering of 23,809,500 shares at $0.42 per share. Shares closed at $0.52 yesterday and the stock is trading down 15.5% at $0.44. With shares close to 300,000 already, it has passed an average day’s volume.
Walgreen Company (NYSE: WAG) is lower after the drugstore giant reported earnings at $0.53 EPS, shy of Thomson Reuters figures by $0.04. Revenues were up 6% to $17.2 billion, above the $17.1 billion estimate. Shares are down 2.5% at $29.38 on about 150,000 shares and the 52-week range is $27.89 to $40.69.
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JON C. OGG