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Market Overview

Top Percentage Gainers and Losers as of 2pm 06/10/11

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1) Coffee Holding (NASDAQ: JVA): Trading up 20.6% from yesterday's close to $15.63. A positive article regarding Coffee Holding was published by TheStreet.com after the bell Thursday. The stock has gained 106% over the past five trading sessions. Shares set a 52-week high of $15.50 in the session, but have steadily sold off since. 2) Chelsea Therapeutics International (NASDAQ: CHTP): Trading up 13.1% from yesterday's close to $4.75. The price target for shares of Chelsea was raised from $6 to $18 at Roth Capital. Yesterday, the company announced positive Phase III results for its neurology drug Northera.

3) Yongye International (NASDAQ: YONG): Trading up 12.3% from yesterday's close to $4.77. Last night, Yongye announced the closing of the $50 million equity investment by Morgan Stanley Private Equity Asia.

4) Verigy (NASDAQ: VRGY): Trading up 10.8% from yesterday's close to $14.95. Verigy announced that Advantest (NYSE: ATE) has gained approval from regulators to acquire the company for $15 per share.

5) Deer Consumer Products (NASDAQ: DEER): Trading up 9.4% from yesterday's close to $7.23. Shares had spiked up to $8 on heavy volume earlier in the session, but have since sold off.

Other Notable Gainers

Micromet (NASDAQ: MITI): Trading up 8.5% from yesterday's close to $5.73. Micromet announced positive results for its acute lymphoblastic leukemia treatment blinatumomab.

LML Payment Systems (NASDAQ: LMLP): Trading up 7.4% from yesterday's close to $3.05. The stock broke above its 200-day simple moving average (one year daily chart) in today's session. Shares had traded as high as $3.36 earlier in the day.

Identive Group (NASDAQ: INVE): Trading up $6.3% from yesterday's close to $2.36. Shares are looking to break above their 200-day simple moving average (one year daily chart), which is currently sitting at $2.45.

Live Nation Entertainment (NYSE: LYV): Trading up 6% from yesterday's close to $10.93. Shares have broken above their 50- and 200-day simple moving averages (one year daily chart) in today's session.

Worst

1) RealD (NYSE: RLD): Trading down 15.8% from yesterday's close to $20.28. Shares of RealD are experienced the biggest intraday loss since their IPO in July, as analysts question how lucrative the 3-D movie business will be. The stock has lost 43% in the past 16 trading sessions. Shares set an intraday low of $19.51 in the first few minutes of trading.

2) China-Biotics (NASDAQ: CHBT): Trading down 15.8% from yesterday's close to $4.02. Shares set a 52-week low of $4.02 in today's session.

3) Zale (NYSE: ZLC): Trading down 15% from yesterday's close to $5.32. Zale was cut from Buy to Neutral by Bank of America (NYSE: BAC). Shares of Zale recently set a 52-week high of $6.81 on June 8th.

4) Life Partners Holdings (NASDAQ: LPHI): Trading down 14% from yesterday's close to $3.24. Life Partners announced that its auditor, Ernst & Young, resigned last week.

5) Diodes (NASDAQ: DIOD): Trading down 12.7% from yesterday's close to $23.89. The company lowered its gross margin guidance to 32.5 percent (plus or minus 1.5 percent). Diodes says the margin is being negatively impacted by shrinking demand and a slower-than-expected recovery from recent manpower shortages at company packing facilities in China.

Other Notable Losers

ChinaCache International Holdings (NASDAQ: CCIH): Trading down 12% from yesterday's close to $6.85. Shares of ChinaCache hit a 52-week low of $6.52 in today's session. The year-to-date performance of ChinaCache has been a loss of 67%.

Clean Diesel Technologies (NASDAQ: CDTI): Trading down 9.7% from yesterday's close to $5.41.

China Natural Gas (NASDAQ: CHNG): Trading down 9% from yesterday's close to $2.53.

Builders FirstSource (NASDAQ: BLDR): Trading down 8.6% from yesterday's close to $2.02.

 

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