These Stocks Were Rocked In Mid-Day Trading

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 JCP, H&R Block Inc HRB, Corning Incorporated GLW, Campbell Soup Company CPB, Cablevision Systems Corporation CVC and Harris Corporation HRS.

According to data from iSentium, the action started with Cablevision and Joy Global 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):

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

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Other stocks impacted were:

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