Trading Where the Action Is!

Stocks are largely flat as of midday on Wednesday, as traders digest yesterday’s strong, broad-based rally that saw the Dow industrials climb more than 300 points. Headline stocks of note as of midday include AMBAC Inc.
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on the financial end after reporting profit gains from its credit derivatives business, and Freeport-McMoran Copper & Gold Inc.
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on the materials end.

In the Nasdaq, both Cisco Systems Inc.
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and ON Semiconductor
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were up by more than 6% by midday. Investors were particularly heartened by Cisco’s earnings outperformance announced this morning.

Big movers to the upside in the stock market as of midday included Caribou Coffee Inc.
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, which announced a new president and CEO, as well as a smaller-than-expected quarterly earnings shortfall. Lower than expected earnings were not regarded as favorably with some of our other big movers to the downside, such Multi Fineline Electronix
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which missed by two cents.

Here is a list of stocks that have gained 20% or more so far in trading today.

Name Symbol % Up
Verenium Corporation VRNM +50.99
Voxware Inc. VOXW +24.72
Caribou Coffee Inc. CBOU +24.72
Syncora Holdings Ltd. SCA +22.73
Regent Communications Inc. RGCI +21.82
Albany Molecular Research AMRI +21.71
North Central Bancshares FFFD +21.43
Greenfield Online Inc. SRVY +20.32
Primu Guaranty Ltd. PRS +20.23

Here is a list of stocks that have lost 20% or more so far in trading today.

Name Symbol % Down
Internap Network Services INAP -35.16
Entropic Communications ENTR -33.64
Multi Fineline Electronix MFLX -33.38
Advisory Board Company ABCO -28.16
Pluristem Therapeutics Inc. PSTI -24.54
U.S. Auto Parts Network PRTS -23.31
Glu Mobile Inc. GLUU -23.20
Pacer International Inc. PACR -21.22
National Financial Partners Corporation NFP -20.23

Source: MarketWatch

For a list of today’s top-rated stocks, click here.

David Penn is Senior Editor at TradingMarkets.com.