Skip to main content

Market Overview

Recap: Wednesday's Top Percentage Gainers and Losers

Share:

Best

1) China Sunergy (NASDAQ: CSUN): Shares of China Sunergy closed up 21% from Tuesday's close to $2.18. The company was initiated with a Buy at Collins Stewart. The price target for shares was set at $3.15. The stock recently hit a 52-week low of $1.50 on June 20th.

2) Spartan Motors (NASDAQ: SPAR): Shares of Spartan Motors closed up 20.9%% from yesterday's close to $5.32. The company was initiated with a Buy at BB&T Capital Markets. A positive article regarding Spartan was published by Seeking Alpha yesterday. The article can be found here..

3) AeroVironment (NASDAQ: AVAV): Shares of AeroVironment closed up 20.6% from yesterday's close to $34.51. The company reported Q4 earnings of $0.79 per share versus estimates of $0.69 per share. Revenue came in at $106.1 million versus estimates of $99 million. AeroVironment issued fiscal year 2012 earnings guidance of $1.28 to $1.35 per share on revenue of $321 to $336 million. Estimates were for $1.24 per share on $319 million in revenue.

4) China Zenix Auto International (NYSE: ZX): Shares of China Zenix Auto closed up 20.2% from yesterday's close to $5.35. Yesterday, the company was initiated with an Outperform at Oppenheimer. The price target was set at $8.

5) ZAGG (NASDAQ: ZAGG): Shares of ZAGG closed up 18.5% from yesterday's close to $14.93. Yesterday, the company announced the acquisition of iFrogs, Inc, which is a privately held mobile device accessory company. The deal is valued at $105 million. The purchase will expand ZAGG's product line while broadening its retail distribution capabilities. The stock hit a 52-week high of $15.30 in today's session.

Other Notable Gainers

Pilgrim's Pride (NYSE: PPC): Shares of Pilgrim's Pride closed up 15.6% from yesterday's close to $5.40. The company was upgraded from Hold to Buy at BB&T Capital Markets. The 12-month price target was set at $7.50.

Asia Entertainment & Resources (NASDAQ: AERL): Shares of Asia Entertainment & Resources closed up 15% from yesterday's close to $6.45. The company's Board of Directors authorized a semi-annual cash dividend of $0.10 per common share. Asia Entertainment also enacted a $2 million share repurchase program.

Sky-mobi (NASDAQ: MOBI): Shares of Sky-mobi closed up 15% from yesterday's close to $6.80. The stock started out the day in negative territory, but heavy buying volume began pushing shares higher at 9:40am. The stock has been flirting with its 52-week low of $4.98 in recent action, but has strong support around $5.12.

ReneSola (NYSE: SOL): Shares of ReneSola are closed up 13.8% from yesterday's close to $4.96. A positive article regarding the company was published today by Seeking Alpha. The stock hit a 52-week low of $4.33 in yesterday's trading session. The article can be found here..

Worst

1) FSI International (NASDAQ: FSII): Shares of FSI International closed down 24.5% from yesterday's close to $2.78. The company reported Q3 earnings of $0.10 per share on $25.6 million in sales versus earnings of $0.18 per share on $28.7 million in sales for the same period last year. FSI issued Q4 guidance of $25 to $30 million in sales versus analyst estimates of $32 million.

2) Verso Paper (NYSE: VRS): Shares of Verso Paper closed down 11.7% from yesterday's close to $2.65. The stock started out the day in positive territory, but heavy selling volume began pushing shares down at 9:55am. Verso's 50-day simple moving average recently crossed below its 200-day simple moving average (one year daily chart), which is a bearish signal known as the “Death Cross.”

3) La-Z-Boy (NYSE: LZB): Shares of La-Z-Boy closed down 10.9% from yesterday's close to $9.71. A report featuring La-Z-Boy was published by Zacks Equity Research (Zacks.com) today. The company was cut from Buy to Hold by Wall Street Strategies. The stock broke below its 50-day simple moving average in today's session. A bearish head and shoulders pattern appears to be taking shape on a six month daily chart.

4) Koninklijke Philips Electronics (NYSE: PHG): Shares of Koninklijke Philips Electronics closed down 10.3% from yesterday's close to $23.36. The company warned that margin pressure, higher-than-anticipated marketing costs, and weak demand will negatively impact its Q2 earnings. Koninklijke was cut from Buy to Hold by S&P Equity Research. SNS also cut Koninklijke from Buy to Reduce.

5) Wave systems (NASDAQ: WAVX): Shares of Wave Systems closed down 10.1% from yesterday's close to $2.68. The company announced plans to offer up to $30 million in additional mixed securities. Wave Systems filed a $30 million shelf registration statement with the Securities and Exchange Commission.

Other Notable Losers

Senomyx (NASDAQ: SNMX): Shares of Senomyx closed down 9.2% from yesterday's close to $4.63. The stock's 50-day simple moving average recently crossed below its 200-day simple moving average (one year daily chart), which is a bearish signal known as the “Death Cross.”

Raptor Pharmaceuticals (NASDAQ: RPTP): Shares of Raptor Pharmaceuticals closed down 9.5% from yesterday's close to $5.79. The stock recently hit a 52-week high of $6.75 on June 16th. Shares have gained 78% since the beginning of May.

Origin Agritech (NASDAQ: SEED): Shares of Origin Agritech closed down 7% from yesterday's close to $4.13. The stock hit a 52-week low of $4.11 in today's session. The year-to-date performance of Origin Agritech has been a loss of 61%.

Vanceinfo Technologies (NYSE: VIT): Shares of Vancinfo Technologies closed down 6.8% from yesterday's close to $20.05. The stock is nearing its 52-week low of $19.62, which was set on June 16th.

 

Related Articles (AVAV + CSUN)

View Comments and Join the Discussion!

Posted-In: Earnings Long Ideas News Guidance Short Ideas Upgrades Downgrades Small Cap Analysis

Latest Ratings

StockFirmActionPT
FOEGabelli & Co.Downgrades
ACMCredit SuisseMaintains67.0
PRUCredit SuisseMaintains125.0
TDGCredit SuisseMaintains660.0
IIIBarrington ResearchUpgrades7.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com