Among the major movers at around noon today are Ceasars Entertainment Corp. (NASDAQ: CZR), S&W Seed Co. (NASDAQ: SANW), Calix Inc. (NYSE: CALX), Powell Industries Inc. (NASDAQ: POWL), and NeuroMetrix Inc. (NASDAQ: NURO).
Ceasars began trading as a public company today, with an issue of 1.8 million shares going out at $9/share. About 6.6 million shares have been traded hands so far today. Shares are trading up nearly 90% at $18.89. We have more coverage here.
S&W Seed is up more than 27% at $5.85 after posting a new 52-week high of $6.19 earlier. Nearly 1 million shares have traded this morning, compared with a 3-month daily average of around 12,500. The seed supplier reported better-than-expected earnings this morning.
Calix is up nearly 27% at $10.90. About 1.8 million shares have traded this morning, compared with a 3-month daily average of about 360,000. The broadband communications provider beat earnings expectations last night.
Powell Industries is down more than -14% at $32.84. About 127,000 shares have traded by mid-day, compared with a daily average of about 44,000. The electrical equipment maker posted a quarterly EPS loss when a sizable gain was expected and announced a forecast lower than had been expected.
NeuroMetrix shares are down more than -18% at $0.94, a new 52-week low. More than 310,000 shares have already traded this morning, compared with a 3-month daily average of about about 20,000 shares. The medical device maker priced a secondary offering of 10.5 million shares at $1/share this morning.
Paul Ausick
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