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Market Overview

Today's Morning Top Gainers (GSIT, SBCF, HDY, STBK, FST, ISLE, LUNA, SOMX)

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GSI Technology, Inc. (NASDAQ: GSIT) is the top percentage gainer in the morning trade and surged 20.93% to $5.70 on 439K shares. Yesterday, GSI Technology announced the availability of two new SRAM products. Today, GSIT made a new high at $5.80. So far in the current year, GSIT gained over 105%.

Seacoast Banking Corporation of Florida (NASDAQ: SBCF) gained 1.19% to $1.70 on 37K shares. The 52-week trading range for SBCF is $1.11 - $7.94. So far in the current year, SBCF declined by over 70%.

Hyperdynamics Corporation (AMEX: HDY) rallied 17% on 154K shares and now trades at $1.35 in the morning trading. Yesterday, Hyperdynamics Corporation announced that it has signed an agreement with Repsol for interest in offshore Guinea oil and gas concession. The 52-week trading range for HDY is $0.22 - $1.92. So far in the current year, HDY gained over 195%.

Sterling Banks, Inc. (NASDAQ: STBK) soared 6.13% and now trades at $1.64 in the morning trading hours. The 52-week trading range for STBK is $0.50 - $3.39. So far in 2009, STBK gained over 60%.

Forest Oil Corporation (NYSE: FST) is up 10.70% to $20.27 on 1.05 million shares. Yesterday, Forest Oil announced that it has agreed to sell its remaining Permian Basin properties to SandRidge Energy Inc's unit for around $800 million. FST gained over 20% so far in the current year.

Isle of Capri Casinos (NASDAQ: ISLE) soared 11.23% and now trades at $8.38 on 105K shares after Isle of Capri Casinos announced second quarter net revenues of $247.4 million from $249.6 million from the same quarter last year. Isle of Capri earned $1.6 million or $0.05 a share against $13.5 million or $0.43 per share in the year ago period. So far during this year, ISLE has jumped up over 160%.

Luna Innovations Incorporated (NASDAQ: LUNA) jumped up 14% to $1.37 on 15K shares. In the last six months, LUNA has climbed up over 145%. The 52-week trading range for LUNA is $0.26 - $3.29.

Somaxon Pharmaceuticals, Inc. (NASDAQ: SOMX) also moved up by 7.60% to $4.09 on 982K shares in the morning trading hours. The 52 week trading range for SOMX is $0.17 -$4.80. So far in 2009, SOMX gained over 195%.

 

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Posted-In: Intraday Update Movers