Today was an unusually active day for extremely volume increases in several stocks which traded on news and rumors.
Shares in Sequenom (NASDAQ: SQNM) jumped over 10% on takevover rumors.
Rite Aide (NYSE: RAD) moved higher by 5% on larger than normal volume as it beat earnings estimates and Monsanto (NYSE: MON) traded up on strong numbers and took a number of agriculture stocks with it. Oracle (NASDAQ: ORCL) also benefited from earnings above Wall Street forecasts.
Palm (NASDAQ: PALM) traded higher as RBC upped its price target to $18 from $14, and MEMC (NYSE: WFR) fell on a downgrade from JPMorgan.
Douglas A. McIntyre is an editor at VSInvestor.com.
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