Mid-day Movers (SFSF, SAP, KNXA, ARBA, AFFY, GCI)

December 5, 2011 by Paul Ausick

Just after noon today, we’ve noted some stocks that are flying high. Companies involved in cloud software are getting a particular boost.

SuccessFactors Inc. (NASDAQ: SFSF) is up more than 51%, at $39.69, in a 52-week range of $19.46-$40.44. Volume is already about 35 times higher than average. The cloud software company has agreed to a takeover offer from SAP AG (NYSE: SAP) at $40/share, valuing the company at about $3.4 billion.

Kenexa Corp. (NYSE: KNXA) is up more than 14%, at $28.88, in a 52-week range of $13.96-$33.19. Volume is four times the daily average. Kenexa, like SuccessFactors, makes cloud-based software to assist corporate human resources departments.

Ariba Inc. (NASDAQ: ARBA) is up more than 12%, at $33.37, in a 52-week range of $21.35-$37.14. Volume is about 50% higher than the daily average. Ariba also provides a cloud-based sales solution.

Affymax, Inc. (NASDAQ: AFFY) is up more than 20%, at $6.32, in a 52-week range of $3.93-$8.50. Volume is about six times the daily average. The drug-maker got a favorable report from the US FDA on its experimental anemia treatment, which the agency said works as well as other already-approved treatments.

Gannett Co. Inc. (NYSE: GCI) is up more than 11%, at $13.24, in a 52-week range of $8.28-$18.93. Volume is approaching double the daily average. The news media company doubled its dividend in July and at least one analyst believes there is room for another raise, from $0.64 to $0.96 annually. The shares go ex-dividend on December 7th.