There are several stocks trading more heavily than usual this morning, and also experiencing large gains or drops in share prices. These include Cirrus Logic Inc. (NASDAQ: CRUS), Emulex Corp. (NYSE: ELX), Perfect World Co. Ltd. (NASDAQ: PWRD), and IPG Photonics Corp. (NASDAQ: IPGP).
Cirrus is up more than 14% at $19.39. Volume is already 6x the daily average. The fabless chip maker reported better-than-expected earnings last night and raised revenue guidance for the current quarter.
Emulex is up nearly 14% at $8.42. Volume is nearly 3x the daily average. The server and networking company raised its second quarter revenue and EPS estimates last night.
Perfect World is up more than 15% at $10.19. Volume is already more than 5x the daily average. The Chinese online game developer has denied charges that it is being investigated by US and Chinese regulators.
IPG Photonics is up nearly 15% at $45.61. Volume is nearly 4x the daily average. The laser maker broke through its 50-day moving average of around $41/share earlier today.
Paul Ausick
Sponsored: Attention Savvy Investors: Speak to 3 Financial Experts – FREE
Ever wanted an extra set of eyes on an investment you’re considering? Now you can speak with up to 3 financial experts in your area for FREE. By simply
clicking here you can begin to match with financial professionals who can help guide you through the financial decisions you’re making. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
