There are several stocks trading more heavily than usual this morning, and also experiencing large gains or drops in share prices. These include the ATP Oil & Gas Corp. (NASDAQ: ATPG), Cheniere Energy Inc. (AMEX: LNG), Cooper Tire & Rubber Co. (NYSE: CTB), CAS Medical Systems Inc. (NASDAQ: CASM), and Dendreon Corp. (NASDAQ: DNDN).
ATP is up more than 15% at $8.19. Volume is already nearly 2.5x 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.
Cheniere is up about 11% at $15.55 after posting a new 52-week high of $16.25 earlier. Volume is already higher 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.
Cooper Tire is up more than 10% at $17.24. Volume is already nearly double the daily average of around 590,000 shares traded. The tire maker reported better-than-expected earnings and revenues this morning..
CAS Medical Systems is up nearly 5% at $2.40. Volume is already nearly 4x the daily average of around 14,000 shares traded. The medical device maker reported FDA approval for a neo-natal oxygen saturation device.
Dendreon is down more than -14% at $12.72. Volume is already nearly double the daily average of around 9 million shares traded. The drug maker reported lower-than-expected revenues this morning. More coverage here.
Paul Ausick
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