10 Intraday Movers and Shakers

Earnings reports drove most of the action today

   

The following are some of today’s most notable movers of interest, ranked by percent change since yesterday’s close (all stocks over 100,000 average daily volume). Small-cap stocks have been excluded.

Biggest Intraday Gains

  • WMS Industries (NYSE:WMS) 24.52–25.34, +51.86%: Scientific Games Corporation (NASDAQ:SGMS) has entered a definitive agreement to acquire WMS.
  • Fortinet  (NASDAQ:FTNT) 22.60–24.24, +23.98%: FTNT reported positive earnings yesterday, with EPS two cents above analyst estimates and revenues at $151.2 million versus the consensus estimate of $144.28 million.
  • Jds Uniphase Corp. (NASDAQ:JDSU) 14.00–15.14, +19.19%: JDSU reported positive earnings today, with EPS four cents better than analyst estimates and revenues at $429.9 million versus the consensus estimate of $424.19 million.
  • Pitney Bowes  (NYSE:PBI) 12.76–14.37, +17.95%: PBI reported positive earnings today, with EPS of 56 cents, which was above estimates but below last year’s EPS of 98 cents.
  • Citrix Systems (NASDAQ:CTXS) 72.68–75.50, +10.26%: Citrix is up on positive earnings released yesterday, with revenues for 2012 up 17% compared to 2011.

Biggest Intraday Declines

  • Liquidity Services (NASDAQ:LQDT) 29.30–34.08, -24.91%: LQDT released disappointing earnings today, with a 26% drop in profits for the quarter due to one-time costs.
  • Constellation Brands (NYSE:STZ) 28.37–39.25, -17.85%: STZ is down after the Department of Justice blocked the company’s planned acquisition (paywall) of Grupo Modelo.
  • Elizabeth Arden (NASDAQ:RDEN) 35.10–39.32, -17.16%: The beauty company released earnings short of estimates and cut 2013 guidance.
  • Time Warner Cable (NYSE:TWC) 89.75–95.60, -10.84%: TWC has fallen on a pessimistic growth outlook for the company. CFO Irene Esteves said that rises in costs and a decline in political ads are expected to stress profit margins.
  • M/I Homes (NYSE:MHO) 24.93–27.65, -6.17%: In line with predictions, this housing stock is taking a downturn after a parabolic rally.

 

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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