Early Afternoon Biggest Percentage Gainers And Losers (BLTI, ABAT, SIMO, HILL, NLST, AMSC, SWKS, LNG, PUDA, MCZ)

Best 1) BioLase Technology BLTI: Trading up 21.7% to $5.89. Shares have steadily climbed throughout the day as the company announced that it expects its first-quarter forecast to come in better than estimates, changing its anticipated revenue forecast from $9.25 million to $10.4 million. The stock is at a three-year high. 2) Advanced Battery Technologies ABAT: After starting out the day in negative territory, shares have skyrocketed nearly 21% to $2.50. Earlier this morning the company refuted a negative report published by a short seller going by “Variant View Research.” The equity had traded as low as $1.51 in yesterday's session. 3) Silicon Motion Technology SIMO: Stock is surging 17.8% to $9.32 after being initiated with a buy at Craig-Hallum, setting a new 52-week high of $9.70. The price target is set at $12. 4) Dot Hill Systems HILL: The stock is currently trading up over 13.8% to $3.09 after the company reported that it will be launching a new video storage product. Shares had been up over 20% earlier in the day. 5) Netlist NLST: Last week's announcement of new patent approvals is rewarding shareholders with a 12% gain to $2.69 in today's action. Worst 1) American Superconductor AMSC: After cutting its guidance for the fourth quarter, shares have plunged 45.52 % to $14.30. 2) Skyworks Solutions SWKS: A downgrade from market perform to market underperform by Charter Equity have shares in this company seeing red today, taking a 9.3% hit to $27.99 as selling pressure has accelerated throughout the day. 3) Cheniere Energy LNG: Stock is undergoing a 8.6% swan dive to $8.49 as heavy selling pressure started mounting at 10:35 a.m. EST. 4) Puda Coal PUDA: This stock also started the day out in positive territory but has sustained heavy losses trading down 8% to $9.90. Selling began to build at just before 10 a.m. EST. Shares have already traded nearly five times normal daily volume. 5) Mad Catz Interactive MCZ: Stock in this videogame peripheral manufacturer have been building losses throughout the day, currently down 7.3% to $2.16.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: Long IdeasShort IdeasTrading IdeasCharter EquityComputer Storage & PeripheralsConsumer DiscretionaryConsumer ElectronicsCraig-HallumElectrical Components & EquipmentElectronic Manufacturing ServicesEnergyHealth CareHealth Care EquipmentIndustrialsInformation TechnologyOil & Gas Exploration & ProductionSemiconductorsVariant View Research
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!