Trading Where the Action Is!
Traders were selling stocks aggressively on Thursday, as oversold conditions deepened in indexes across the board. Financial stocks were among those leading the way lower as of midday, with Lehman Brothers Holdings
(
LEH |
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PowerRating) down more than 6% and Merrill Lynch
(
MER |
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PowerRating) down more than 5%.
Technology stocks were also moving lower by midday on Thursday, with Research in Motion
(
RIMM |
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PowerRating) and Oracle Corporation
(
ORCL |
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PowerRating) both off more than 4%.
Among today’s biggest movers to the upside was Comstock Homebuilding Companies Inc.
(
CHCI |
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PowerRating), which was up for the third day in a row. Ciena
Corporation
(
CIEN |
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PowerRating), was one of the bigger movers to the downside. The company reported a third quarter earnings drop of 59% and a lowered forecast for the fourth quarter.
Here is a list of stocks that have gained 20% or more so far in trading today.
| Name | Symbol | % Up |
|---|---|---|
| Triad Guranty Inc. | TGIC | +70.67 |
| People’s Community Bancorp Inc. | PCBI | +45.17 |
| Comstock Homebuilding Companies Inc. | CHCI | +30.14 |
| Franklin Credit Management Corporation | FCMC | +26.82 |
| Captaris Inc. | CAPA | +24.60 |
| Natuzzi S.P.A. | NTZ | +23.21 |
| Syncora Holdings Ltd. | SCA | +22.88 |
Here is a list of stocks that have lost 20% or more so far in trading today.
| Name | Symbol | % Down |
|---|---|---|
| The Sepctranetics Corporation | SPNC | -44.33 |
| Ciena Corporation | CIEN | -24.21 |
| Neonode Inc. | NEON | -23.39 |
| Blyth Inc. | BTH | -22.73 |
| Volt Information Sciences Inc. | VOL | -22.06 |
| Clearpoint Business Resources Inc. | CPBR | -20.96 |
Source: MarketWatch
For a list of today’s top-rated stocks, click here.
David Penn is Editor-in-Chief at TradingMarkets.com.