24/7 Wall St. » QPSA

Mid-day Movers (YELP, SFLY, QPSA, PRTS, OSTK)

Paul Ausick — Fri, 02 Mar 2012 17:26:49 +0000

At about noon today, all three major US stock indexes are lower, with the DJIA down about 30 points at around12,950, the Nasdaq down about 7 points at 2,982, and the S&P 500 down nearly 5 points to around 1,369. After opening lower this morning following some weak data on European unemployment (more coverage here), markets tried to come back but low volume so far has kept trading trending down. The dollar is stronger today, with the dollar index up 0.71% at 79.408. The stronger dollar is pushing some commodities down, with crude oil the hardest hit.

Among the major movers at around noon today are Yelp Inc. (NYSE: YELP), Shutterfly Inc. (NASDAQ: SFLY), Quepasa Corp. (AMEX: QPSA), U.S. Auto Parts Network Inc. (NASDAQ: PRTS), and Overstock.com Inc. (NASDAQ: OSTK).

Yelp is up more than 62% at $24.33 following its IPO at $15/share this morning. Volume is over 14 million shares traded. Move coverage here.

Shutterfly is up nearly 19% at $32.00. Volume is already nearly triple the daily average of about 1.46 million shares traded. The social networking company has struck a deal with Eastman Kodak Co. (EKDKQ) to provide a stalking-horse bid for some of Kodak’s assets. More coverage here.

Quepasa is up more than 12% at $4.56. Volume is already more than double the daily average of about 600,000 shares traded. The Spanish-language social networking company reported better-than-expected revenues, but a net loss last night.

U.S. Auto Parts is down more than -19% at $3.99. Volume is already about 4x the daily average of around 64,000 shares traded. The retail parts auto parts distributor missed consensus estimates last night.

Overstock.com is down nearly -13% at $6.00 after posting a new 52-week low of $5.89 earlier this morning. Volume is already more than 5x the daily average of around 117,000 shares traded. The online discounter posted an unexpected quarterly loss this morning.

Paul Ausick

Filed under: 24/7 Wall St. Wire Tagged: OSTK, PRTS, QPSA, SFLY, Yelp

Morning Movers (SFLY, QPSA, GOLF, MOTR, OSTK)

Paul Ausick — Fri, 02 Mar 2012 15:20:33 +0000

The three major US equities indexes opened lower this morning following some more dreary news from Europe. Spanish unemployment totaled 23.3% in January, and the other weak eurozone nations are struggling too (more coverage here).The DJIA is down about 24 points at around 12,956, the Nasdaq Composite is up about 1.5 points at around 2,990, and the S&P 500 is down nearly 1.5 points at around 1,373.

There are several stocks trading more heavily than usual this morning, and also experiencing large gains or drops in share prices. These include the Shutterfly Inc. (NASDAQ: SFLY), Quepasa Corp. AMEX: QPSA), Golfsmith International Holdings Inc. (NASDAQ: GOLF), Motricity Inc. (NASDAQ: MOTR), and Overstock.com Inc. (NASDAQ: OSTK).

Shutterfly is up more than 19% at $32.11. Volume is already double the daily average of about 1.46 million shares traded. The social networking company has struck a deal with Eastman Kodak Co. (EKDKQ) to provide a stalking-horse bid for some of Kodak’s assets. More coverage here.

Quepasa is up more than 9% at $4.44. Volume is already higher than the daily average of about 600,000 shares traded. The Spanish-language social networking company reported better-than-expected revenues, but a net loss last night.

Golfsmith is down more than -10% at $3.99. Volume is already more than 3x the daily average of around 7,500 shares traded. The sporting goods maker badly missed both earnings and revenue estimates.

Motricity is down more than -14% at $1.13. Volume is already about half the daily average of around 1.8 million shares traded. The mobile services provider badly missed both revenue and EPS estimates last night.

Overstock.com is down about -12% at $6.05 after posting a new 52-week low of $5.89 earlier this morning. Volume is already nearly 4x the daily average of around 117,000 shares traded. The online discounter posted an unexpectedly quarterly loss this morning.

Paul Ausick

Filed under: 24/7 Wall St. Wire Tagged: GOLF, MOTR, OSTK, QPSA, SFLY

The 52-Week Low Club: Tellabs (TLAB) And More

247wallst — Fri, 05 Oct 2007 16:54:16 +0000

Tellabs (TLAB) Q3 earnings warning. Drops to $8.95 from 52-week high of $13.67.

Quepasa (QPSA) CEO gets new comp package? Drops to $2.75.

Nutrition 21 (NXXI) Still moving down after announcement of poor quarter. Falls to $.78 from 52-week high of $2.63.

TranSwitch (TXCC) Dropping after weak guidance earlier in the week. Dow to $.98 from 52-week high of $2.07.

Douglas A. McIntyre