In the first 2 and a half hours of trading today, September 28th, Walgreens Company, Dryships Inc., Endo Pharmaceuticals, HiSoft Technology, and Corrections Corporation of America have seen some of the bigger gains in the market.
Walgreen Company (WAG) – Walgreens was up $2.77, or about 9.13% as of 11AM after they posted earnings of 49 cents per share for the quarter, compared with 44 cents per share last year.
DryShips Inc. (DRYS) – Dryships Inc. was up 11.19% after receiving a $135 million contract for a new rig to be delivered next year to an unidentified American exploration company. The stock was trading at the high of the day, $4.94 per share at 11AM.
Endo Pharmaceuticals (ENDP) was up 9.28% at 11AM after the company agreed to purchased Qaulitest Pharmaceuticals, a generic drug maker, for $1.2 billion. Usually a purchase brings down the purchasing company’s share price, however the market seems to like this purchase by Endo Pharmaceuticals.
HiSoft Technology International Limited (HSFT) – Hisoft has shot up 5.78% so far today, or about $1.42 on average volume. The stock which usually trades in low volumes continued that trend and had a spike at around 10:40 AM.
Corrections Corporation of America (CXW) – Corrections Corporation of America is up today $1.47 after the company raised it’s third quarter EPS forecast to between $0.37 and $0.38 from what many had expected to be $0.31- $0.33 per share.