Active traders and day traders have many stocks to choose from this Wednesday morning. We are tracking news and moves in shares of Acme Packet, Inc. (NASDAQ: APKT), Broadcom Corporation (NASDAQ: BRCM), Magic Software Enterprises Ltd. (NASDAQ: MGIC), and Orexigen Therapeutics, Inc. (NASDAQ: OREX).
Acme Packet, Inc. (NASDAQ: APKT) is up 8% to $60.50, relative to a 52-week range of $10.50-$62.96. The company reported positive fourth quarter earnings.
Broadcom Corporation (NASDAQ: BRCM) is down 5.52% to $43.83, relative to a 52-week range of $27.48-$47.38. 4Q profits met market expectations.
Magic Software Enterprises Ltd. (NASDAQ: MGIC) is up 7% premarket to $8.68, relative to a 52-week range of $1.61-$8.99. The software company reported very positive fourth quarter revenue.
Orexigen Therapeutics, Inc. (NASDAQ: OREX) is up 2.4% on heavy volume to $2.56, relative to a 52-week range of $2.47-$11.15. Shares of the pharmaceutical company lost more than 70% of their value yesterday after the FDA insisted upon further testing for a new weight loss drug.
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