Market Overview

Top Percentage Gainers and Losers as of 2pm 7/5/11

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1) Immucor (NASDAQ: BLUD): Shares of Immucor are currently trading up 30.2% from Friday's close to $27.00. The company has agreed to be acquired by TPG Capital for $27 per share in cash. The deal is valued at $1.97 billion.

2) Rediff.com India (NASDAQ: REDF): Shares of Rediff.com are currently trading up 21.2% from Friday's close to $11.35. A report highlighting India's booming Internet market was published by Barron's over the weekend. The article can be found here.

3) Coffee Holding (NASDAQ: JVA): Shares of Coffee Holding are currently trading up 18.2% from Friday's close to $20.69. The stock began the day in neutral territory, but heavy buying volume began pushing shares higher at 9:45am. Shares have gained 454% year-to-date.

4) China Information Technology (NASDAQ: CNIT): Shares of China Information are currently trading up 13.1% from Friday's close to $2.41. The Hunan Department of Health (China) approved the company's proprietary digital hospital information system (DHIS) to be used throughout the entire province. The system already operates in the Guangdong, Guangxi, and Heinan areas.

5) Sify Technologies (NASDAQ: SIFY): Shares of Sify Technologies are currently trading up 12.8% from Friday's close to $5.35. The stock has broken above its 50-day simple moving average (one year daily chart) in today's session. The stock has gained 20% since being added to the Russell Global Index on June 24th.

Other Notable Gainers

Silvercorp Metals (NYSE: SVM): Shares of Silvercorp Metals are currently trading up 12.5% from Friday's close to $10.23. The stock is looking to break above its 50-day simple moving average (one year daily chart), which is currently sitting at $10.31.

Zalicus (NASDAQ: ZLCS): Shares of Zalicus are currently trading up 12.4% from Friday's close to $2.61. The company was initiated with an Outperform by Oppenheimer. The target price was set at $4. The stock has broken above its 50-day simple moving average (one year daily chart) in today's session.

Noah Holdings (NYSE: NOAH): Shares of Noah are currently trading up 11.8% from Friday's close to $13.95. The stock has broken above its 50-day simple moving average (one year daily chart) in today's session. Shares have gained 37% over the past seven trading sessions.

China New Borun (NYSE: BORN): Shares of China New Borun are currently trading up 12.4% from Friday's close to $5.90. The stock has gained 69% since hitting a 52-week low of $3.50 on June 14th.

Endeavour Silver (NYSE: EXK): Shares of Endeavour Silver are currently trading up 12% from Friday's close to $9.18. The stock has broken above its 50-day simple moving average (one year daily chart) in today's session.

China TechFaith Wireless Communication Technology (NASDAQ: CNTF): Shares of China TechFaith are currently trading up 11.9% from Friday's close to $4.34. The stock has broken above its 200-day simple moving average (one year daily chart) in today's session. Shares have gained 39% over the past eight trading sessions.

Worst

1) Zion Oil & Gas (NASDAQ: ZN): Shares of Zion Oil & Gas are currently trading down 16.7% from Friday's close to $4.93. The company announced that there is “little chance” that its well in Israel contains commercially viable hydrocarbons. The stock has broken below its 50- and 200-day simple moving averages (one year daily chart) in today's session.

2) NetScout Systems (NASDAQ: NTCT): Shares of NetScout Systems are currently trading down 16% from Friday's close to $17.80. The company forecasted Q1 revenue of $62 to $64 million versus analyst estimates of $71.59 million. NetScout also lowered its full year outlook and said it will begin implementing “expense reductions.”

3) Advanced Energy Industries (NASDAQ: AEIS): Shares of Advanced Energy are currently trading down 12.2% from Friday's close to $13.17. The company forecasted Q2 revenue of $137 - $140 million versus analyst estimates of $153.98 million. Advanced Energy had previously anticipated its Q2 revenue to come in at $160 million.

4) The St. Joe Company (NYSE: JOE): Shares of St. Joe are currently trading down 9.2% from Friday's close to $18.94. The company received an informal inquiry notice from the U.S. Securities and Exchange Commission regarding real-estate impairments. More information on this topic can be found here.

5) Daqo New Energy (NYSE: DQ): Shares of Daqo New Energy are currently trading down 7.7% from Friday's close to $7.23. The company lowered its Q2 revenue forecast from $92 to $95 million to $70 to $71 million. Daqo cited fewer shipments of wafers, modules, and ASP's as reasons for the cut.

Other Notable Losers

Pilgrim's Pride (NYSE: PPC): Shares of Pilgrim's pride are currently trading down 7.1% from Friday's close to $4.95. The stock started the session in neutral territory, but selling pressure began pushing shares down just after the opening bell. The stock has broken below its 50-day simple moving average (one year daily chart) in today's session.

IMAX (NYSE: IMAX): Shares of IMAX are currently trading down 7.2% from Friday's close to $30.24. The stock began the session in positive territory, but began selling off shortly after hitting an intraday high of $33.16 at 9:50am.

Oxigene (NASDAQ: OXGN): Shares of Oxigene are currently trading down 7.4% from Friday's close to $2.37.

AU Optronics (NYSE: AUO): Shares of AU Optronics are currently trading down 6.6% from Friday's close to $6.45. The company was downgraded from Buy to Neutral at Goldman Sachs (NYSE: GS)

 

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