There are several stocks trading more heavily than usual this morning, and also experiencing large gains or drops in share prices. These include Helios & Matheson Information Technology Inc. (NASDAQ: HMNY), Endocyte Inc. (NASDAQ: ECYT), SciClone Pharmaceuticals Inc. (NASDAQ: SCLN), Pacific Sunwear of California Inc. (NASDAQ: PSUN), and eOn Communications Inc. (NASDAQ: EONC).
Helios & Matheson is up more than 129% at $6.53 after posting a new 52-week high of $7.00 earlier today. Volume is already more than 20x the daily average of about 7,000 shares traded. The business software company posted a surprise profit for fiscal 2011.
Endocyte is up nearly 38% at $5.13. Volume is already more than 4x the daily average of about 614,000 shares traded. The drug maker posted better-than-expected quarterly and annual results last night.
SciClone is up about 29% at $6.75 after posting a new 52-week high of $6/97 earlier. Volume is already more than 10x the daily average of around 192,000 shares traded. The biopharmaceutical company beat estimates and provided a strong outlook for 2012.
Pacific Sunwear is down more than -14% at $2.15. Volume is already about double the daily average of around 500,000 shares traded. The apparel maker posted a larger than expected loss last night.
eOn Communications is down nearly -18% at $1.39. Volume is already higher than the daily average of around 65,000 shares traded. The telecom company posted poor earnings last night.
Paul Ausick
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