Among the major movers at around noon today are ATP Oil & Gas Corp. (NASDAQ: ATPG), Pacific Ethanol Inc. (NASDAQ: PEIX), Cheniere Energy Inc. (AMEX: LNG), Dendreon Corp. (NASDAQ: DNDN), and Balchem Corp. (NASDAQ: BCPC).
ATP is up more than 21% at $8.63. Volume is already nearly 4x the daily average of about 1.7 million shares traded. The independent oil & gas company reported a fourth successful well at its Telemark Hub project.
Pacific Ethanol is up nearly 19% at $1.65. Volume is more than 3x the daily average of about 6 million shares traded. The ethanol maker is expected to report solid earnings and revenues after markets close today.
Cheniere is up about 12% at $15.72 after posting a new 52-week high of $16.25 earlier. Volume is already double the daily average of 5.6 million shares traded. The liquefied natural gas company announced an investment from Blackstone Group LP (NYSE: BX). More coverage here.
Dendreon is down nearly -18% at $12.20. Volume is already nearly triple the daily average of around 9 million shares traded. The drug maker reported lower-than-expected revenues this morning. More coverage here.
Balchem is down more than -11% at $31.67 after posting a new 52-week low of $31.24 earlier this morning. Volume is about 3x the daily average of around 130,000 shares traded. The chemical company reported weaker-than-expected earnings this morning.
Paul Ausick