There are many stocks on the move for day traders and active traders to pick from this Tuesday morning. We are watching the key moves in AgFeed Industries, Inc. (NASDAQ: FEED), Ambac Financial Group, Inc. (NYSE: ABK), Capital Product Partners L.P. (NASDAQ: CPLP), Fossil, Inc. (NASDAQ: FOSL), Grand Canyon Education, Inc. (NASDAQ: LOPE), JA Solar Holdings Co., Ltd. (NASDAQ: JASO), MBIA Inc. (NYSE: MBI), Netflix, Inc. (NASDAQ: NFLX), Nuance Communications, Inc. (NASDAQ: NUAN), Penwest Pharmaceuticals Co. (NASDAQ: PPCO), Qiagen NV (NASDAQ: QGEN), and QuinStreet, Inc. (NASDAQ: QNST).
AgFeed Industries, Inc. (NASDAQ: FEED) is down 10% this morning after its earnings showed “an extremely difficult operating environment as a result of a series of severe floods throughout its area of operations.” Shares are down 10.8% at $2.46 on over 65,000 shares.
Ambac Financial Group, Inc. (NYSE: ABK) is getting crushed after earnings because it disclosed that it is working on a bankruptcy filing as a contingency. Shares are down 23% at $0.69 on over 1.5 million shares.
Capital Product Partners L.P. (NASDAQ: CPLP) is trading lower on a secondary offering as it plans to offer 5.5 million units to acquire MR Tanker M/T Assos for $43.5 million in proceeds. Shares are down 7% at $8.48 on about 25,000 units.
Fossil, Inc. (NASDAQ: FOSL) is rising on stronger than expected second quarter earnings and a raised 2010 outlook. Shares are up 7.5% at $45.65 on almost 40,000 shares.
Grand Canyon Education, Inc. (NASDAQ: LOPE) beat earnings estimates, but its guidance was short of estimates. Can that be a shock considering the attack on for-profi education? Apparently it is an excuse to sell the stock all over again. Shares are down over 8% at $18.50 on thin volume. The 52-week trading range is $15.87 to $28.46.
JA Solar Holdings Co., Ltd. (NASDAQ: JASO) is getting roasted in the sun a bit after posting a profit and raising its sales views. Shares are down 3.3% at $6.35 on about 200,000 shares. The 52-week range is $3.22 to $6.95.
MBIA Inc. (NYSE: MBI) is trading up after it reported a profit in the quarter. Shares were up over 7% at $9.90 on over 400,000 shares.
Netflix, Inc. (NASDAQ: NFLX) is trading lower after signing a deal with EPIX where Netflix members can “instantly watch an array of new releases and library titles from EPIX streamed over the Internet from Netflix.” Shares are down 1.8% at $114.80 on over 30,000 shares.
Nuance Communications, Inc. (NASDAQ: NUAN) had soft earnings and guided in-line for the quarter ahead. It is an earnings nuance… Shares of the speech recognition software leader are down 9.4% at $15.74 on over 200,000 shares.
Penwest Pharmaceuticals Co. (NASDAQ: PPCO) is trading up only marginally after its Endo Pharmaceuticals buyout news. Shares are up almost 5% at $4.96 on the deal that gives the company almost no premium. The 52-week trading range was $1.80 to $4.89.
Qiagen NV (NASDAQ: QGEN) beat earnings but said it is eyeing large acquisitions. The ADRs are down 3.7% at $18.82 on 139,000 shares and the 52-week trading range is $18.06 to $24.00.
QuinStreet, Inc. (NASDAQ: QNST) is a recent IPO and it is surging after earnings. Shares are up 14.5% at $11.46 on only about 5,000 shares. Its post-IPO trading range is $9.91 to $18.25.
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JON C. OGG