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Baidu Among the Nasdaq's Biggest Movers on October 9, 2012
After the morning's trading, the market is not looking good. The Nasdaq has fallen 1.7%; the S&P 500 is down 0.8%; and the Dow has decreased 0.7%. The Nasdaq Composite Index is a capitalization-weighted index, with each company weighted in proportion to its market value.
The biggest movers traded on the NASDAQ so far are:
Broker Summary: TD Ameritrade Thinkorswim
Slipping 8.7%, Netflix (Nasdaq:NFLX) is currently trading at $67.11 per share. With 5.9 million shares changing hands so far today, the company's volume is 0.9 times the average volume over the last three months. If a stock is trading on low volume, then there is not much interest in the stock. On the other hand, if a stock is trading on high volume, then there is a lot of interest in the stock.
Baidu (Nasdaq:BIDU) has fallen 6.5% and is currently trading at $106.90 per share. The company is currently trading a volume of 5.6 million shares. Volume indicates the level of interest that investors have in a company at its current price.
After an increase of 5%, Gulfport (Nasdaq:GPOR) has reached a current price of $31.95. So far today, the company's volume is 850,766 shares, 0.9 times the current daily average. If a stock price moves on high volume, this means that the change is a significant one.
Questcor Pharmaceuticals (Nasdaq:QCOR) is currently trading at $21.28 per share, a 4.9% increase. The company is trading at a volume of 5.1 million shares. Volume is used to evaluate how meaningful the price movement of a stock is.
Affymax (Nasdaq:AFFY) is at $23.50 per share after an increase of 4.2%. The company's volume is currently 715,466 shares for the day, 1.2 times its current three-month average. Volume is an important indicator because it indicates how significant a price shift is.
Allot (Nasdaq:ALLT) has moved up 4.1% and is currently trading at $25.84 per share. This morning, the company is trading a volume of 338,397 shares. High volume indicates a lot of investor interest while low volume indicates the opposite.
Currently trading at $492.78 per share, Intuitive Surgical (Nasdaq:ISRG) has fallen 3.2%. The company's volume is currently 302,522 shares for the day, one times the average daily volume. The trading volume for a stock indicates the level of investor interest.
The Bottom Line The nature of the market is such that stocks will have good days and bad days. It is important to weigh current activity against historical performance when making any investment decisions. However, these fundamental metrics must be analyzed with historic data, industry information in addition to firm specific financial statements.
The biggest movers traded on the NASDAQ so far are:
| Company | Market Cap | Percentage Change |
| Netflix (Nasdaq:NFLX) | $4.08 billion | -8.7% |
| Baidu (Nasdaq:BIDU) | $39.93 billion | -6.5% |
| Gulfport (Nasdaq:GPOR) | $1.69 billion | +5% |
| Questcor Pharmaceuticals (Nasdaq:QCOR) | $1.21 billion | +4.9% |
| Affymax (Nasdaq:AFFY) | $816.1 million | +4.2% |
| Allot (Nasdaq:ALLT) | $797.7 million | +4.1% |
| Intuitive Surgical (Nasdaq:ISRG) | $20.34 billion | -3.2% |
Slipping 8.7%, Netflix (Nasdaq:NFLX) is currently trading at $67.11 per share. With 5.9 million shares changing hands so far today, the company's volume is 0.9 times the average volume over the last three months. If a stock is trading on low volume, then there is not much interest in the stock. On the other hand, if a stock is trading on high volume, then there is a lot of interest in the stock.
Baidu (Nasdaq:BIDU) has fallen 6.5% and is currently trading at $106.90 per share. The company is currently trading a volume of 5.6 million shares. Volume indicates the level of interest that investors have in a company at its current price.
After an increase of 5%, Gulfport (Nasdaq:GPOR) has reached a current price of $31.95. So far today, the company's volume is 850,766 shares, 0.9 times the current daily average. If a stock price moves on high volume, this means that the change is a significant one.
Affymax (Nasdaq:AFFY) is at $23.50 per share after an increase of 4.2%. The company's volume is currently 715,466 shares for the day, 1.2 times its current three-month average. Volume is an important indicator because it indicates how significant a price shift is.
Allot (Nasdaq:ALLT) has moved up 4.1% and is currently trading at $25.84 per share. This morning, the company is trading a volume of 338,397 shares. High volume indicates a lot of investor interest while low volume indicates the opposite.
Currently trading at $492.78 per share, Intuitive Surgical (Nasdaq:ISRG) has fallen 3.2%. The company's volume is currently 302,522 shares for the day, one times the average daily volume. The trading volume for a stock indicates the level of investor interest.
The Bottom Line The nature of the market is such that stocks will have good days and bad days. It is important to weigh current activity against historical performance when making any investment decisions. However, these fundamental metrics must be analyzed with historic data, industry information in addition to firm specific financial statements.
by
Investopedia Staff
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