Among the major movers at around noon today are Syntroleum Corp. (NASDAQ: SYNM), Michael Kors Holdings Ltd. (NYSE: KORS), LivePerson Inc. (NASDAQ: LPSN), Energy Conversion Devices Inc. (NASDAQ: ENER), and Yingli Green Energy Holding Co. Ltd. (NYSE: YGE).
Syntroleum is up nearly 21% at $1.33. Volume is about more than 10x the daily average of around 425,000 shares traded. The biodiesel maker’s joint venture with Tyson Foods Inc. (NYSE: TSN) has signed a deal to distribute synthetic diesel fuel.
Kors is up more than 22% at $41.15 after posting a new 52-week high of $42.17 earlier this morning. Volume is about 2.5x the daily average of around 2.2 million shares traded. The apparel company posted better-than-expected earnings this morning and forecast current quarter earnings above estimates.
LivePerson is up more than 19% at $14.99 after posting a new 52-week high of $15.33 earlier. Volume is more than 6x the daily average of about 285,000 shares traded. The maker of customer contact software reported in-line earnings and revenues last night, and forecast more of the same for the current quarter.
Energy Conversion Devices is down more than -80% at $0.29. Volume is about 10x the daily average of 50,000 shares traded. The solar maker filed for bankruptcy this morning. We have more coverage here.
Yingli Green Energy is down nearly -10% at $4.77. Volume is already equal to the daily average of about 90,000 shares traded. The Chinese solar panel maker is among many other solar makers being affected by ECD’s bankruptcy and a likely cut in German subsidies. More coverage here.
Paul Ausick
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