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Trading Where the Action Is!

By David Penn | TradingMarkets.com
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Stocks remained under pressure as of midday on Monday, as traders absorbed news of acquisition of Merrill Lynch (MER | Quote | Chart | News | PowerRating) by Bank of America (BAC | Quote | Chart | News | PowerRating) and the bankruptcy of Lehman Brothers Holdings (LEH | Quote | Chart | News | PowerRating). Shares of Lehman Brothers were among the worst performing on the day, down more than 90%. Shares of Merrill Lynch were up more than 17% as of midday.

What is moving higher on a day in which the Dow is down by more than 230 points halfway through the trading session? Today, that list includes Amylin Pharmaceuticals (AMLN | Quote | Chart | News | PowerRating), which is up more than 5% and airlines stocks such as Continental Airlines (CAL | Quote | Chart | News | PowerRating), up more than 4% on the day.

Here is a list of stocks that have gained 20% or more so far in trading today.

Name Symbol % Up
Napster Inc. NAPS +85.29
Inplay Technologies Inc. NPLA +28.85
Kemet Corporation KEM +26.61

Here is a list of stocks that have lost 20% or more so far in trading today.

Name Symbol % Down
Lehman Brothers Holdings LEH -93.70
Axcelis Technologies Inc. ACLS -67.51
American International Group AIG -49.92
Spanish Broadcasting System Inc. SBSA -36.59
MRU Holdings Inc. UNCL -31.43
Encorium Group Inc. ENCO -30.65
OccuLogix Inc. OCCX -30.00
Metro One Telecommunications INFO -26.79
GFI Group Inc. GFIG -23.44
Take Two Interactive Software TTWO -23.16
Geopharma Inc. GORX -21.88
WSB Financial Group Inc. WSFG -20.69
Focus Enhancements Inc. FCSE -20.45

Source: MarketWatch

For a list of today's top-rated stocks, click here.

David Penn is Editor-in-Chief at TradingMarkets.com.


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