Stocks were rallying from intraday lows as of midday on Thursday with traders particularly aggressive in buying shares in technology-related stocks. Both energy stocks, which had opened higher, and financial stocks were pulling back.
Intel (INTC | Quote | Chart | News | PowerRating), SanDisk (SNDK | Quote | Chart | News | PowerRating) and Advanced Micro Devices (AMD | Quote | Chart | News | PowerRating) were all up more than 5%, representing the continued strength in the technology sector. Retailer JC Penny (JCP | Quote | Chart | News | PowerRating) was also up significantly after the first half of trading, gaining more than 7%. To the downside, American International Group (AIG | Quote | Chart | News | PowerRating) reported continued losses and refused to rule out having to raise additional capital. The shares were down by more than 17% as of midday on Thursday.
Among Thursday's biggest movers were Noble International (NOBL | Quote | Chart | News | PowerRating) and Pomeroy Computer Resources (PMRY | Quote | Chart | News | PowerRating) both of which impressed traders with better than expected earnings announcements.
Here is a list of stocks that have gained 20% or more so far in trading today.
| Name | Symbol | % Up |
|---|---|---|
| Noble International Ltd. | NOBL | +72.41 |
| Centerline Holdings Company | CHC | +39.78 |
| Pomeroy Computer Resources | PMRY | +34.16 |
| Haynes International Inc. | HAYN | +24.19 |
| Caraustar Industries Inc. | CSAR | +21.89 |
| Susser Holdings Corporation | SUSS | +21.56 |
Here is a list of stocks that have lost 20% or more so far in trading today.
| Name | Symbol | % Down |
|---|---|---|
| Advocat Inc. | AVCA | -30.28 |
| Emergent Biosolutions Inc. | EBS | -27.02 |
| Utstarcom Inc. | UTSI | -24.03 |
| Perficient Inc. | PRFT | -21.88 |
| Inventiv Health Inc. | VTIV | -21.16 |
| Photronics Inc. | PLAB | -20.84 |
| Soundbite Communications Inc. | SDBT | -20.25 |
Source: MarketWatch
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David Penn is Senior Editor at TradingMarkets.com.