Among the major movers at around noon today are Chelsea Therapeutics International Inc. (NASDAQ: CHTP), Bazaarvoice Inc. (NASDAQ: BV), Kenneth Cole Productions Inc. (NYSE: KCP), Rubicon Technology Inc. (NASDAQ: RBCN), and Kindred Healthcare Inc. (NYSE: KND).
Chelsea Therapeutics is up more than 58% at $3.82. Volume is at mid-day is about 13x the daily average of about 1.2 million shares traded. The drug maker yesterday received an FDA panel approval for a drug to treat symptoms of Parkinson’s disease.
Bazaarvoice is up about 39% at $16.62. Today is the social commerce site’s IPO and trading volume has topped 6.7 million on an original issue of about 9.5 million shares at $12/share. More coverage here and here.
Kenneth Cole Productions is up more than 19% at $15.58 after posting a new 52-week high of $16.00 earlier. Volume is already about 60x the daily average of 24,000 shares traded. The apparel maker is being taken private at $15/share. More coverage here.
Rubicon is down nearly -18% at $10.00. Volume at mid-day is 5x the daily average of around 440,000 shares traded. The LED maker missed estimates and offered weak guidance for the current quarter.
Kindred Healthcare is down nearly -15% at $10.65. Volume is about 3x the daily average of around 705,000 shares traded. The healthcare services company posted a loss last night and announced that it would not renew 7 of 10 master leases with Ventas Inc. (NYSE: VTR).
Paul Ausick
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