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Market Overview

Nasdaq Volume Movers (FSLR, URBN, WYNN)

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Nasdaq Volume Movers FSLR, URBN, WYNN

Among notable Nasdaq stocks that are moving to the upside on high volume are First Solar (NASDAQ: FSLR), Urban Outfitters (NASDAQ: URBN), and Wynn Resorts (NASDAQ: WYNN). Shares of First Solar (FSLR) have surged 3.86% to $116.26. This is a name to watch next week, as there is a very large short interest (20.74%) in the stock right now. If FSLR continues to move higher, a short squeeze could materialize. Volume has been heavier than normal in FSLR at 3.25 million shares traded versus a daily average of 2.66 million.

Urban Outfitters (URBN) has surged 3.20% during the trading session to $38 after J.P. Morgan upgraded the stock from Underweight to Neutral and raised their price target by $7 to $44. URBN is a pure momentum play and offers both significant risk as well as potential reward. The stock has gained over 18% just this month alone, so if you are looking to buy into the market's strength, this is where you want to be. Just be aware, however, that high beta retail names like URBN will likely be hit hard during a correction.

In the casino complex, shares of Wynn Resorts (WYNN) have gained 2.74% to $76.45. Volume in this name has been heavier than average. Wynn Resorts, Limited (WYNN) is a developer, owner and operator of destination casino resorts. It owns and operates two destination casino resorts, Wynn Las Vegas, and Encore at Wynn Las Vegas located adjacent to Wynn Las Vegas, and Wynn Macau.

 

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Posted-In: Intraday Update Movers