There are several stocks trading more heavily than usual this morning, and also experiencing large gains or drops in share prices. These include Imperial Sugar Co. (NASDAQ: IPSU), Diamond Foods Inc. (NASDAQ: DMND), Taleo Corp. (NASDAQ: TLEO), iRobot Corp. (NASDAQ: IRBT), and TripAdvisor Inc. (NASDAQ: TRIP).
After the first half hour of trading this morning, Imperial Sugar is up nearly 50% at $5.03. Volume is about already more than 4x the daily average of about 430,000 shares traded. The sugar refiner and marketer said it is nearing a sale of one of its divisions.
Diamond Foods is down about -37% at $23.20 after posting a new 52-week low of $21.44 earlier this morning. Volume is already about 6x the daily average of 2.6 million shares traded. The snack food maker will re-state accounting and that jeopardizes the deal to purchase the Pringles brand from Proctor & Gamble (NYSE: PG). See our coverage here.
Taleo is up nearly 17% at $45.53 after posting a new 52-week high of $45.55 earlier. Volume is already about 30x the daily average of about 680,000 shares traded. The maker of cloud-based software is being acquired by Oracle Corp. (NASDAQ: ORCL). More coverage here.
iRobot is down more than -31% at $26.42. Volume is about 8x the daily average of around 290,000 shares traded. The robot manufacturer lowered its Q1 and full year forecasts below expectations.
TripAdvisor is down nearly -16% at $28.88. Volume is already more than double the daily average of about 2 million shares traded. The Internet travel company projected lower revenue and higher expenses for 2012.
Paul Ausick
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