SKS, HL, DGIT, ENER, SQNM Had Unusual Volume
We have found the following stocks had unusual volume spikes on Tuesday, August 31, 2010.
SAKS Inc (NYSE:SKS) had a 92.4% volume spike trading 40,832,492 shares. SKS’s 30-day average volume is 3,100,860. Shares closed at $7.90 +19.70%. The Company is a fashion retail organization offering assortment of luxury fashion apparel, shoes, accessories, jewelry, cosmetics and gifts.
Hecla Mining CO (NYSE:HL) had a 68.9% volume spike trading 17,403,040 shares. HL’s 30-day average volume is 5,414,260. Shares closed at $5.72 +4.95%. The Company is engaged in the discovery, acquisition, development, production and marketing of silver, gold, lead and zinc.
DG Fastchannel Inc (NASDAQ:DGIT) had a 90.4% volume spike trading 9,053,701 shares. DGIT’s 30-day average volume is 866,095. Shares closed at $15.79 +4.50%. The Company and subsidiaries is a provider of digital technology services which enable the electronic delivery of advertisements, syndicated programs, and video news releases to traditional broadcasters, online publishers and other media outlets.
Energy Conversion Devices Inc (NASDAQ:ENER) had a 85.6% volume spike trading 8,074,556 shares. ENER’s 30-day average volume is 1,160,860. Shares closed at $4.51 +13.32%. The Company designs, manufactures and sells photovoltaic products, known as PV or solar laminates that generate clean, renewable energy by converting sunlight into electricity.
Sequenom Inc (NASDAQ:SQNM) had a 71.3% volume spike trading 6,204,300 shares. SQNM’s 30-day average volume is 1,781,490. Shares closed at $6.16 +2.84%. A diagnostic testing and genetics analysis company committed to providing products, services, diagnostic testing, applications and genetic analysis products.
Spreadtrum Communications Inc (NASDAQ:SPRD) had a 80.1% volume spike trading 5,033,600 shares. SPRD’s 30-day average volume is 999,300. Shares closed at $11.46 +12.91%. Spreadtrum Communications, Inc. is a fabless semiconductor company that designs, develops and markets baseband processor solutions for the wireless communications market.
Leucadia NATL CP (NYSE:LUK) had a 78.1% volume spike trading 4,799,429 shares. LUK’s 30-day average volume is 1,052,440. Shares closed at $21.35 +2.06%. Leucadia National Corporation is engaged in the business of manufacturing, telecommunications, property management and services, gaming entertainment, real estate activities, medical product development and winery operations.
Lions GATE Entmt CP (NYSE:LGF) had a 88.5% volume spike trading 3,547,018 shares. LGF’s 30-day average volume is 406,214. Shares closed at $7.14 +10.02%. The Company is a next generation studio with a diversified presence in the production and distribution of motion pictures, television programming, home entertainment, family entertainment, video-on-demand and digitally delivered content.
REX Energy Corp (NASDAQ:REXX) had a 89.2% volume spike trading 3,311,400 shares. REXX’s 30-day average volume is 356,971. Shares closed at $11.31 +10.23%. An independent energy company, which is engaged in the acquisition, production, exploration and development of oil and gas, with properties concentrated in the Appalachian and Illinois regions.
China-biotics Inc (NASDAQ:CHBT) had a 89.1% volume spike trading 2,488,675 shares. CHBT’s 30-day average volume is 270,461. Shares closed at $12.87 +6.98%. China-Biotics, Inc. is engaged in the research, development, production, marketing, & distribution of probiotics products, which are products that contain live microbial food supplements that affect the host by improving its intestinal microbial balance.
