Among the major movers at around noon today are Achillion Pharmaceuticals Inc. (NASDAQ: ACHN), Freightcar America Inc. (NASDAQ: RAIL), Demand Media Inc. (NYSE: DMD), Kona Grill Inc. (NASDAQ: KONA), and Gilead Sciences Inc. (NASDAQ: GILD).
Achillion is up more than 23% at $10.79. Volume is more than 3x the daily average of about 1.5 million shares traded. The pharmaceutical maker is getting a boost from the bad news at Gilead.
Freightcar America is up nearly 22% at $25.94. Volume is nearly 12x the daily average of 75,000 shares traded. The rail car maker shattered EPS and revenue estimates this morning.
Demand Media is up about 19% at $7.07. Volume is nearly 4x the daily average of around 327,000 shares traded. The Internet media company reported better-than-expected earnings last night.
Kona Grill is down nearly -11% at $5.52. Volume is nearly 5x the daily average of around 71,000 shares traded. The restaurant operator announced that its COO is leaving the company to become COO at P.F. Chang’s China Bistro Inc. (NASDAQ: PFCB).
Gilead Sciences is down more than -15% at $46.51. Volume is nearly 5x the daily average of 10.6 million shares traded. The drug maker reported a setback on its hepatitis C trials. More coverage here.
Paul Ausick
Contact [email protected] for any questions or corrections.
Top Gaining Stocks
Top Losing Stocks