There are several stocks trading more heavily than usual this morning, and also experiencing large gains or drops in share prices. These include the Cell Therapeutics Inc. (NASDAQ: CTIC), Freightcar America Inc. (NASDAQ: RAIL), Gilead Sciences Inc. (NASDAQ: GILD), Superconductor Technologies Inc. (NASDAQ: SCON), and SunPower Corp. (NASDAQ: SPWR).
Cell Therapeutics is up more than 35% at $1.49. Volume is already more than 4x the daily average of about 2 million shares traded. The drug maker received a positive opinion for approval of its non-Hodgkin lymphoma drug from a European regulator.
Freightcar America is up nearly 19% at $25.33. Volume is already about 5x the daily average of 75,000 shares traded. The rail car maker shattered EPS and revenue estimates this morning.
Gilead Sciences is up down nearly -14% at $47.22. Volume is already about 3x the daily average of around 10.6 million shares traded. The drug maker reported a setback on its hepatitis C trials. More coverage here.
Superconductor Technologies is down nearly -25% at $0.94 after posting a new 52-week low of $0.90 earlier this morning. Volume is already more than 10x the daily average of around 91,000 shares traded. The superconductor materials company completed a private placement of 4.6 million shares at $1.05/share.
SunPower is up more than 25% at $9.37. Volume is already nearly double the daily average of about 1 million shares traded. The solar panel maker reported strong quarterly earnings last night. Solar panel makers Suntech Power Holdings Co. Ltd. (NYSE: STP), up 15%, and First Solar Inc. (NASDAQ: FSLR), up 11%, are also reporting good news this morning. More on First Solar here.
Paul Ausick
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