Investing

Top Active Trader Alert Stocks (ARMH, ARNA, BBY, CPB, ICGN, IRWD, LVLT, MSFT, GLD, THQI)

There are many stocks on the move this morning for active traders and investors.  Stocks on the move are ARM Holdings, plc (NASDAQ: ARMH), Arena Pharmaceuticals Inc. (NASDAQ: ARNA), Best Buy Co.Inc.(NYSE: BBY), Campbell Soup Co. (NYSE: CPB), ICAgen Inc. (NASDAQ: ICGN), Ironwood Pharmaceuticals, Inc. (NASDAQ: IRWD), Level 3 Communications Inc. (NASDAQ: LVLT), Microsoft Corporation (NASDAQ: MSFT), SPDR Gold Shares (NYSE: GLD), and THQ Inc. (NASDAQ: THQI).

ARM Holdings, plc (NASDAQ: ARMH) is trading lower by 6.1% at $17.62 on over 140,000 shares in pre-market trading after overseas trading.

Arena Pharmaceuticals Inc. (NASDAQ: ARNA) is lower after Barclays cut the biotech cut to “underweight” over concerns that Arena’s lorcaserin will be approved by the FDA.  Shares are down 3.6% at $6.60 on more than 100,000 shares.

Best Buy Co.Inc.(NYSE: BBY) managed a stellar earnings report and shares are now indicated up 9% at $37.86 after a $34.65 close on Monday.  The 52-week trading range was $30.90 to $48.83.

Campbell Soup Co. (NYSE: CPB) is trading down 2.6% at $35.11 after Goldman Sachs reportedly cut its rating to SELL.

ICAgen Inc. (NASDAQ: ICGN) is getting hit after it stopped its epilepsy trial enrollment on adverse event; shares are down 26% at $0.17 versus a prior 52-week range of $0.23 to $1.33…

Ironwood Pharmaceuticals, Inc. (NASDAQ: IRWD) is trading higher on positive results from its irritable bowel syndrom treatment.  To think that this is not an E.D. treatment company is amazing considering the name.  Shares closed at $9.75 and are up almost 21% at $11.75 on over 20,000 shares.

Level 3 Communications Inc. (NASDAQ: LVLT) is getting hit by almost 11% at $1.03 after the company plans to raise up to $175 million.

Microsoft Corporation (NASDAQ: MSFT) is one to watch after yesterday’s late-day surge to $25.11 on word that it will fund a large debt offering for a share buyback or a dividend.  Shares are down 0.5% at $24.97 in the pre-market trading but shares were up around $24.50 before that report came out at the end of trading yesterday.

SPDR Gold Shares (NYSE: GLD) is up over 1.15 at $123.01 on nearly 1 million shares already and the market has not even opened.  The gold bugs are at it again….

THQ Inc. (NASDAQ: THQI) reduced its guidance, a surprise considering the news flow, and it said its Red Faction game will be out in May-2011.  Shares are down 3.75% at $3.59 pre-market.  This guidance is still not a huge issue if you consider its cash and where the company has been.

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JON C. OGG

JON C. OGG

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