Morning Movers (FSLR, AVP, SGI, JOY, GRPN)
There are several stocks trading more heavily than usual this morning, and also experiencing large gains or drops in share prices. These include First Solar Inc. (NASDAQ: FSLR), Avon Products Inc. (NYSE: AVP), Silicon Graphics International Corp. (NASDAQ: SGI), Joy…
There are several stocks trading more heavily than usual this morning, and also experiencing large gains or drops in share prices. These include First Solar Inc. (NASDAQ: FSLR), Avon Products Inc. (NYSE: AVP), Silicon Graphics International Corp. (NASDAQ: SGI), Joy Global Inc. (NYSE: JOY), and Groupon Inc. (NASDAQ: GRPN).
After about 90 minutes of trading this morning, First Solar is down about -22% at $33.16, a new 52-week low. Volume is already more than double the daily average. The solar PV maker lowered guidance this morning. See our coverage here.
Avon shares are up nearly 8.5%, at $17.50. Volume is already higher than the normal daily average. The cosmetics company is replacing CEO Andrea Jung. We have more on the story here.
Silicon Graphics is down nearly -12% at $12.35. Volume has already surpassed 4x the daily average. The computer maker’s president/CEO has resigned, effective January 1st, to take a position as president and CEO at another company.
Joy Global is down nearly -8% at $77.89. Volume has nearly reached the daily average already this morning. The heavy machinery maker reported earnings that did not meet expectations this morning and projected 2012 sales would grow at a slower rate than this year.
Groupon is down nearly -7% at $21.72. Volume is on-track for its daily average. The online coupon company received seven new ratings this morning. See our coverage for more details.
Contact [email protected] for any questions or corrections.
Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.
He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.