Morning Movers (BLRX, LEE, PLCM, IDCC, ZION)
There are several stocks trading more heavily than usual this morning, and also experiencing large gains or drops in share prices. These include BioLineRx Ltd. (NASDAQ: BLRX), Lee Enterprises Inc. (NYSE: LEE), Polycom Inc. (NASDAQ: PLCM), InterDigital Inc. (NASDAQ: IDCC),…
There are several stocks trading more heavily than usual this morning, and also experiencing large gains or drops in share prices. These include BioLineRx Ltd. (NASDAQ: BLRX), Lee Enterprises Inc. (NYSE: LEE), Polycom Inc. (NASDAQ: PLCM), InterDigital Inc. (NASDAQ: IDCC), and Zions Bancorp. (NASDAQ: ZION)
After the first half-hour of trading, BioLineRx is up nearly 75% at $5.68, after posting a new 52-week high of $5.82 earlier. Volume is about 300x the daily average of about 3,600 shares traded.The biopharmaceutical company has signed an exclusive worldwide licensing agreement with a French company to develop and market its hepatitis C drug.
Lee Enterprises is up nearly 25% at $1.37. Volume is already more than 3x the daily average of 277,000 shares traded. The newspaper company has been granted permission to exit bankruptcy protection.
Polycom is up nearly 15% at $21.11. Volume is already higher than the average daily volume of 2.7 million shares traded. The videoconferencing equipment maker reported strong profits and earnings this morning.
InterDigital is down more than -17% at $36.80. Volume is nearly 3x higher than the daily average of about 1.0 million shares traded. The wireless technology developed has shut down its “strategic review” without finding a buyer and will continue to seek additional patent sales and licensing agreements.
Zions is down about -6.5% at $17.35. Volume is already higher the daily average of 3.5 million shares traded. The bank holding company reported earnings last night that did not meet analysts’ expectations.
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.