Market Overview

These Stocks Were Rocked In Mid-Day Trading

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Around mid-day on Wednesday, several stocks began to gyrate. The biggest percentage moves were to the upside though many stocks also fell lower. There was no news but the way these stocks moved it, an algorithm may have ran wild and attempted to build a portfolio.

Names that stick out in the group are J C Penney Company Inc (NYSE: JCP), H&R Block Inc (NYSE: HRB), Corning Incorporated (NYSE: GLW), Campbell Soup Company (NYSE: CPB), Cablevision Systems Corporation (NYSE: CVC) and Harris Corporation (NYSE: HRS).

According to data from iSentium, the action started with Cablevision and Joy Global (NYSE: JOY). Traders appeared to have picked up on these two first before the rest of the stocks hit radars around the Street. Nearly all the stocks retraced the majority of their moves.

iSentium shows the flow of tweets starting with Cablevision (flow of time is from the bottom up):

Nanex showed the move in a colorful image where the Y-Axis are percent changes:

Other stocks impacted were:

  • Pinnacle West (NYSE: PNW)
  • Scripps Networks Interactive (NYSE: SNI)
  • Computer Sciences (NYSE: CSC)
  • Pitney Bowes (NYSE: PBI)
  • WPX Energy (NYSE: WPX)
  • AES Corp (NYSE: AES)
  • Best Buy (NYSE: BBY)
  • Oasis Petroleum (NYSE: OAS)
  • CBRE Group (NYSE: CPB)
  • Laredo Petroleum (NYSE: LPI)

Posted-In: News Intraday Update


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