4 Stocks Moving On Unusual Volume
The following stocks have seen out of the ordinary volume today.
Ascena Retail Group Inc. (NASDAQ: ASNA) is a national specialty retailer of apparel for women and tween girls. The company’s shares spiked 15.47 percent today on heavy trading after it released its fourth quarter and full fiscal 2013 results yesterday. The company managed to handily beat analyst’s estimates all around. It reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.13. ASNA had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.17 billion. The company’s revenue for the quarter was up 27.5 percent on a year-over-year basis. Analysts predict that ASNA will post $1.12 earnings per share for the current fiscal year.
Wednesday’s Range: $19.53-$20.28
52-Week Range: $15.95-$21.66
Wednesday’s Volume: 7.94 million
Average Three Month Volume: 1.51 million
Volume Percentage Change: 1,314 percent
UniPixel Inc. (NASDAQ: UNXL) is a production-stage company that is focused on delivering its performance engineered film to the display, touch screen, and flexible electronics markets. Shares gapped up sharply today after the company announced that it now has three plating lines being used to produce’s the company’s metal mesh touch sensors. Previously, the company had only one. Shares are up 17.21 percent on heavy volume.
Wednesday’s Range: $16.64-$19.59
52-Week Range: $5.27-$41.42
Wednesday’s Volume: 2.86 million
Average Three Month Volume: 964.649
Volume percentage Change: 528 percent
J.C. Penney Company, Inc. (NYSE: JCP) shares hit a 13 year low today as Goldman Sachs (NYSE: GS) announced that the sorely troubled retailer would not recover as quickly as had been previously expected. It’s difficult to say at this point what can cure the ailing company. It certainly needs more cash and less competition. Rumor has it that the company is in talks with Goldman Sachs to iron out funding options. JCP may use its 4 billion real estate portfolio as collateral. The stock is down over 14 percent today on heavy volume.
Wednesday’s Range: $9.93-$11.62
52-Week Range: $9.93-$27.00
Wednesday’s Volume: 65.42 million
Average Three Month Volume: 26.51 million
Volume Percentage Change: 702 percent
Copart, Inc. (NASDAQ: CPRT) has had a problematic day. Shares gapped sharply lower on news that the company’s Q4 EPS missed analyst’s estimates by $0.09. Revenue for the quarter came in at $263.7 million versus the consensus estimate of $262.18 million. Copart also announced today that its Board of Directors had unanimously voted not to pursue an REIT conversion. Shares are down almost 8 percent. Copart provides online auctions and vehicle remarketing services.
Wednesday’s Range: $30.49-$32.19
52-Week Range: $26.35-$38.26
Wednesday’s Volume: 4.1 million
Average Three Month Range: 575,055
Volume Percentage Change: 1,359 percent
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