Benzinga's Volume Gainers

Despite a market which is only very marginally positive around mid-day, a number of notable stocks are moving higher on heavy volume on Wednesday. These include Lululemon LULU, NutriSystem NTRI, SodaStream SODA, Deckers Outdoor DECK, Ariad Pharmaceuticals ARIA, Ulta ULTA, and Bed Bath & Beyond BBBY. Below, Benzinga looks at these names and what is driving the activity in their share prices. Lululemon Athletica - LULU shares have surged 8.42% to $50.99 after Goldman Sachs GS added the athletic apparel retailer to its Conviction Buy list. Volume in the stock is running at 123% above average. NutriSystem - NTRI has risen 5.13% to $14.55 after the stock was upgraded at Avondale Partners from "Market Perform" to "Outperform." Volume on Wednesday has been 116% above average. SodaStream - SODA shares have broken out to a multi-month high on Wednesday, rising 7.23% to $37.38 on above average volume. More than 2 million SODA shares have already traded hands on the day compared to a 3-month daily average of 1.3 million. Deckers Outdoor - DECK shares are up 4.33% on the day to $79.68. Shares are in oversold territory, falling more than 25% in the last month and some bargain hunters appear to be stepping into the name. Volume is 66% above average. Ariad Pharmaceuticals - This stock had its price target raised at BMO Capital Markets from $18 to $23 and has subsequently jumped 4.32% to $12.80. Volume is running at 54% above average. Ulta - The company announced that it will be participating at the 14th Annual ICR XChange Conference on Wednesday, January 11 this morning. This could be related to the stock's 4% pop on Wednesday. Volume is running at 45% above normal in ULTA shares. Bed Bath & Beyond - Shares are currently trading up 2% on heavy volume after some positive commentary from Oppenheimer. Around 2.4 million BBBY shares have already traded hands on the session, which compares to a 3-month daily average of 2.38 million.