Stocks continue their downward slide this afternoon with the Dow losing 218 points, the Nasdaq losing 47 points and the S&P losing 24 points.
There are some stocks posting strong gains today even as the market heads south. These stocks include Alimera Sciences, Inc. (NASDAQ:ALIM), OXiGENE, Inc. (NASDAQ:OXGN) and Dex One Corporation (NYSE:DEXO) [click to continue…]
Stocks continue to waver in midday trading as the Dow is up 38 points, the Nasdaq is down 12 points and the S&P is down 1 point. Investors are uneasy today as they wonder if the upcoming EU summit will have enough action to fix the debt crisis issue for the long term. The ratings agency, Standard & Poor’s also came out and put most euro nations and the EFSF on credit downgrade watch.
Let’s take a look at a few Nasdaq and NYSE penny stocks posting gains today. [click to continue…]
Stocks are rallying today as leaders in France and Germany agree on a plan that may help the euro zone come out of this debt crisis. The plan calls for strict budget discipline with all euro zone countries. To do this however, there will need to be changes to the EU treaty which will take some time. “What we want with the chancellor is to tell the world that in Europe the rule is that we pay back our debts, reduce our deficits, restore growth,” Sarkozy told a joint news conference after about two hours of talks in Paris. The main stock exchanges in the U.S. were all up more than 1%. The Dow is up 150 points, the Nasdaq is up 45 points and the S&P is up 21 points. [click to continue…]
The Nasdaq has lost its early gains in midday trading and is currently trading slightly in the red right now. While the Nasdaq is heading lower, there are some Nasdaq stocks well in the green. These stocks include CEDC, DEXO and ALIM.
Central European Distribution Corp. (NASDAQ:CEDC) is up 27% in midday trading at $4.33. CEDC was as high as $4.89 about an hour after market open. CEDC has traded nearly 6 million shares so far today, well above its daily average of 2.7 million shares. CEDC is up today after Russian Standard Vodka bought a 9.9% stake in the company. This news could mean a potential takeover is in the future, but Citigroup believes it’s too early to tell if that would happen as any takeover would need consent from the company’s board. [click to continue…]