Benzinga’s Volume Movers (FNSR, MDTH, SMRT, PANL, TEVA)
Finisar Corporation (NASDAQ: FNSR) shares climbed 7.01% to $15.12. The volume of FNSR shares traded was 648% higher than normal. FNSR has increased the amount of publicly offered stock, priced at $121 million. Read more about this company here.
MedCath Corporation (NASDAQ: MDTH) shares jumped 26.19% to $11.95. The volume of MDTH shares traded was 409% higher than normal. Analysts at Deutsche Bank upgraded MDTH from “hold” to “buy.” Read more about this company here.
Stein Mart Inc (NASDAQ: SMRT) shares jumped 13.12% to $10.69. The volume of SMRT shares traded was 316% higher than normal. SMRT had posted an adjusted Q4 profit that beat analysts' estimates on lower costs. Read more about this company here.
Universal Display Corporation (NASDAQ: PANL) shares rose 11.93% to $12.48. The volume of PANL shares traded was 207% higher than normal. Analysts at Oppenheimer initiated coverage of PANL with a “perform” rating. Read more about this company here.
Teva Pharmaceutical Industries (NASDAQ: TEVA) shares moved up 3.80% to $62.22. The volume of TEVA shares traded was 195% higher than normal. TEVA has agreed to buy Ratiopharm, a German generic drug manufacturer, for $4.97 billion. Read more about this company here.
