Investing

Morning Movers (COCO, KTCC, STX, IXYS, HA)

There are several stocks trading more heavily than usual this morning, and also experiencing large gains or drops in share prices. These include Corinthian Colleges Inc. (NASDAQ: COCO), Key Tronic Corp. (NASDAQ: KTCC), Seagate Technology PLC (NASDAQ: STX), IXYS Corp. (NASDAQ: IXYS), and Hawaiian Holdings Inc. (NASDAQ: HA).

After the first half hour of trading this morning, Corinthian is up more than 27% at $3.86. Volume is already more than double the daily average of about 1.4 million shares traded. The for-profit education company reported reported better-than-expected profits and revenues and forecast third quarter earnings above analysts’ estimates.

Key Tronic is up more than 24% at $7.76 after posting a new 52-week high of $8.10 earlier. Volume is already about 7x the daily average of about 36,000 shares traded. The computer peripherals maker posted better-than-expected earnings and revenues after markets closed last night.

Seagate is up nearly 16% at $24.47 after posting a new 52-week high of $24.71 earlier. Volume is nearly double the daily average of about 10.4 million shares traded. The disk drive maker posted a jump of 3x in net income last night.

IXYS is down nearly -19% at $11.14. Volume is already 50% higher than the daily average of about 99,000 shares traded. The integrated circuit maker posted poor quarterly numbers after markets closed last night.

Hawaiian, parent of Hawaiian Air, is down nearly -12% at $6.15. Volume is already higher than the daily average of about 549,000 shares traded. The airline company posted mixed results for the quarter last night, including a sharp drop year-over-year in EPS.

The DJIA is up 1.09% at about 12,771, the Nasdaq Composite is up 0.71% at about 2,834, and the S&P 500 is up 1.02% at about 1,326.

Paul Ausick

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