Among the major movers at around noon today are Vermillion Inc. (NASDAQ: VRML), Harvest Natural Resources Inc. (NYSE: HNR), Encore Bancshares Inc. (NASDAQ: EBTX), Oncothyreon Inc. (NASDAQ: ONTY), and Zeltiq Aesthetics Inc. (NASDAQ: ZLTQ).
Vermillion is up about 71% at $2.27. Volume is already more than 30x the daily average of about 117,000 shares traded. The medical device maker received a code-change approval from the American Medical Association that incorporates one of the company’s devices.
Encore Bancshares is up more than 35% at $20.20 after posting a new 52-week high of $20.61 earlier this morning. Volume is more than 30x the daily average of just 14,000 shares traded. The bank holding company has been acquired by privately held Cadence Bancorp for about $250 million ($20.62/share).
Harvest Natural Resources is up more than 28% at $8.02. Volume is already almost 6x the daily average of about 490,000 shares traded. The independent oil & gas company has reported production growth at its Venezuelan fields and that it has begun discussions for a sale of its Venezuelan assets.
Oncothyreon is down -39% at $5.13. Volume is already nearly 10x the daily average of around 1 million shares traded. The biopharma company reported a significant fourth-quarter EPS miss this morning, along with available cash that will keep the company in operation for about another 12 months.
Zeltiq is down more than -28% at $7.96 after posting a new 52-week low of $7.51 earlier. Volume is already about 8x the daily average of around 185,000 shares traded. The medical technology company posted a dismal fourth-quarter earnings report this morning.
Paul Ausick
Top Gaining Stocks
Top Losing Stocks