Among the major movers at around noon today are Vivus Inc. (NASDAQ: VVUS), Onvia Inc. (NASDAQ: ONVI), Sears Holdings Corp. (NASDAQ: SHLD), HomeAway Inc. (NASDAQ: AWAY), and GrafTech International Ltd. (NYSE: GTI).
Vivus is up nearly 90% at $20.01 after posting a new 52-week high of $21.44 earlier. Volume is about 20x the daily average of about 2.4 million shares traded. The drug maker yesterday received an FDA panel approval for its obesity drug. More coverage here.
Onvia is up about 32% at $4.14. Volume is already about 70x the daily average of 6,500 shares traded. The government contractor service has rejected a buyout bid at $4.25/share, boosting hopes of a bidding war for the company.
Sears is up nearly 20% at $62.47. Volume is already about 1.5x the daily average of 2 million shares traded. The retailer reported an enormous loss, but also announced plans to pare down the company. More coverage here.
HomeAway is down nearly -17% at $21.63 after posting a new 52-week low of $21.23. Volume is about 7x the daily average of around 378,000 shares traded. The Internet vacation rental company badly missed EPS estimates in the fourth quarter.
GrafTech is down about -13% at $13.42. Volume is nearly 7x the daily average of 1 million shares traded. The industrial products company reported a big revenue miss today.
Paul Ausick