Top Active Trader Alert Stocks (DRYS, OREX, TSLA)
June 3, 2011 by Douglas A. McIntyre
Active traders and day traders have many stocks to choose from this Friday morning. We are tracking news and moves in shares of DryShips, Inc. (NASDAQ: DRYS), Orexigen Therapeutics, Inc. (NASDAQ: OREX), and Tesla Motors, Inc. (NASDAQ: TSLA).
DryShips, Inc. (NASDAQ: DRYS) is up more than 7.5% premarket to $4.11, relative to a 52-week range of $3.28-$6.44. Shares of DRYS were upgraded by Goldman Sachs to buy from neutral.
Orexigen Therapeutics, Inc. (NASDAQ: OREX) continues its recent period of heavy volatility. Shares of OREX are down 33% premarket on heavy volume to $2.14, relative to a 52-week range of $2.47-$11.15. The company failed to gain regulatory approval from the FDA for a heart safety study for their obesity drug.
Tesla Motors, Inc. (NASDAQ: TSLA) is up 4% premarket to $29.90, relative to a 52-week range of $14.98-$36.42. The company is issuing a public stock offering of 5.3 million shares at $26.72 per share.
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