At 4pm today we decided to check back in with StockTwits to see what new developments were generating traffic and to see who would make the trending list twice in one day.
For those unfamiliar with StockTwits, it is essentially Twitter for the stock markets. Users specifically tweet about markets trends, investment strategies and real-time company specific events. This last part, ticker specific tweets, is a great way for users to glean which names are generating the most buzz.
One of the most interesting developments of the day happened between OCZ and STX, where buyout rumors fell through. Some investors were upset that neither company came out and denied the rumors when they began.
Traffic from the CBI/SHAW deal carried into the afternoon.
Here are the top trending tickers at market close, and some insight as to why they earned the top spots:
1. OCZ Technology Group, Inc. (OCZ, Earnings, Analysts, Financials): Designs, develops, manufactures, and distributes computer components for computing devices and systems worldwide. Market cap at $478.96M, most recent closing price at $7.08. Took a dive (21.61%) after STX buyout rumors fell through.
2. Cirrus Logic Inc. (CRUS, Earnings, Analysts, Financials): Develops high-precision analog and mixed-signal integrated circuits (ICs). Market cap at $1.87B, most recent closing price at $28.96. Beat earnings by $0.01, missed on revenue. Up 17.4%.
3. Dendreon Corp. (DNDN, Earnings, Analysts, Financials): Engages in the discovery, development, and commercialization of therapeutics to enhance cancer treatment options for patients. Market cap at $960.9M, most recent closing price at $6.24. Closed a plant in NJ, revenues down.
4. Seagate Technology PLC (STX, Earnings, Analysts, Financials): Designs, manufactures, markets, and sells hard disk drives for the enterprise, client compute, and client non-compute market applications in the United States and internationally. Market cap at $12.76B, most recent closing price at $30.01. Down 3.8%, most traffic coming from false buyout rumors.
5. Herbalife Ltd. (HLF, Earnings, Analysts, Financials): Herbalife Ltd., a network marketing company, sells weight management, nutritional supplement, energy, sports and fitness, and personal care products worldwide. Market cap at $6.29B, most recent closing price at $53.80. Anticipation building thanks to earnings being reported soon.
6. Chicago Bridge & Iron Company N.V. (CBI, Earnings, Analysts, Financials): Provides engineering, procurement, and construction (EPC) solutions, as well as process technologies for the energy infrastructure projects. Market cap at $3.95B, most recent closing price at $40.70. Still generating traffic from SHAW buyout, closed down 14.15%.
7. Amarin Corporation plc (AMRN, Earnings, Analysts, Financials): Focuses on developing treatments for cardiovascular diseases. Market cap at $1.86B, most recent closing price at $13.51. Down 5.55%, FDA limited the use of its drug to help fight heart disease.
8. Skullcandy, Inc. (SKUL, Earnings, Analysts, Financials): Develops and distributes headphones and other audio accessories to retailers in the United States and to distributors in various countries worldwide. Market cap at $385.35M, most recent closing price at $14.10. Up 2.13% in anticiaption of earnings, investors have mixed opinions on what it will post.
9. LeapFrog Enterprises Inc. (LF, Earnings, Analysts, Financials): Provides technology-based learning platforms worldwide. Market cap at $751.49M, most recent closing price at $11.26. Stock rallying and with earnings coming on Friday, expectations are high for the price to keep rising.
10. Shaw Group Inc. (SHAW, Earnings, Analysts, Financials): Provides technology, engineering, procurement, construction, maintenance, fabrication, manufacturing, consulting, remediation, and facilities management services to multinational and national oil companies, industrial corporations, regulated utilities, independent and merchant power producers, and government agencies worldwide. Market cap at $1.76B, most recent closing price at $26.69. People still hyped about its performance of 55.45% following news of its absorption by CBI.
Written by Ryan Horch
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Dig Deeper: Access Company Snapshots, Charts, Filings
- OCZ Technology Group, Inc. (OCZ, Chart, Download SEC Filings)
- Cirrus Logic Inc. (CRUS, Chart, Download SEC Filings)
- Dendreon Corp. (DNDN, Chart, Download SEC Filings)
- Seagate Technology PLC (STX, Chart, Download SEC Filings)
- Herbalife Ltd. (HLF, Chart, Download SEC Filings)
- Chicago Bridge & Iron Company N.V. (CBI, Chart, Download SEC Filings)
- Amarin Corporation plc (AMRN, Chart, Download SEC Filings)
- Skullcandy, Inc. (SKUL, Chart, Download SEC Filings)
- LeapFrog Enterprises Inc. (LF, Chart, Download SEC Filings)
- Shaw Group Inc. (SHAW, Chart, Download SEC Filings)
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