10 Intraday Movers and Shakers

Earnings reports had some significant effects in trading today

   

The following are some of today’s most notable movers of interest, ranked by percentage change (all stocks over 100K average daily volume). Small-cap stocks have been excluded.

Biggest Intraday Gainers

  • Millennial Media (NYSE:MM)  12.77-14.23, +12.76%:  MM is trading up on an Oppenheimer analyst’s prediction of a positive Q4 earnings report.
  • MeadWestvaco Corp. (NYSE:MWV) 33.05-35.80, +8.87%: Trian Fund Management reported newly acquired shares in MWV in a securities filing yesterday. Trian reported holding 1.6 million shares in MWV valued at approximately $51 million.
  • Pharmacyclics (NASDAQ:PCYC) 80.00-87.24, +7.80%: PCYC is trading up after positive earnings released after the close yesterday. EPS came in at $0.62—down from the same quarter last year, but above analyst estimates.
  • Datalink Corp. (NASDAQ:DTLK) 9.83-10.3, +7.55%: DTLK reported earnings yesterday, and is trading way up on the news of a 24% earnings gain and increased revenues from an acquisition.
  • Ellie Mae (NYSE:ELLI) 21.79-23.75, + 6.94%: is trending up after earnings. ELLI increased revenues by 60% year over year and saw a 10% rise in users of its loan origination software.

 Biggest Intraday Decliners

  • LogMeIn (NASDAQ:LOGM) 16.70-18.16, -27.94%:   LOGM announced a dismal outlook for the first quarter because of higher tax rates (50% compared to 39% last quarter). Adjusted earnings are expected to come in between 9 cents and 10 cents per share on revenue in the range of $36 million to $36.5 million.
  • eHealth (NASDAQ:EHTH) 19.53-24.25, -22.76%: EHTH reported earnings with EPS above analyst expectations, but revenues were $45.3 million, falling short of the consensus estimate of $46.15 million.
  • IPG Photonics (NASDAQ:IPGP) 59.67-64.99,  -10.31%: IPGP reported EPS at 67 cents per share, 8 cents below expectations. Revenues were also short of the mark at $145 million compared to the $146.44 million expected.
  • Ruckus Wireless (NYSE:RKUS) 19.91-22.67, -9.71%: Ruckus has slumped after positive earnings, and is trading under its 50-day moving average.
  • B&G Foods (NYSE:BGS) 29.60-31.00, -7.04%:  BGS is down on earnings below expectations. Though EPS was up 7% compared to the year-ago quarter, it was 7 cents under expectations.

InvestorPlace advisor John Lansing tracks the charts all day and offers expert technical analysis in his day trading, options and trading services: Power Trading at the Open, Parabolic Options and Trending123.  For more information on which service is for you click here.

 


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