13 Notable Movers in Today’s Session

Posted by on Sep 07, 2010 | No comment

Molycorp Inc. (NYSE: MCP) advanced by 12.82% and closed at $22.00 on volume of 4.19 million shares. The stock hit a new 52-week high of $22.49 earlier in the day. JP Morgan has initiated coverage on Molycorp with an Overweight rating and a $26.50 price target. Colorado-based Molycorp Inc. is the only rare earth oxide (REO) producer in the Western hemisphere and owns the world’s largest, most fully developed rare earth project outside of China. (NYSE:MCP), (MCP)

Enterprise GP Holdings L.P. (NYSE: EPE) soared by 11.72% and closed at $55.75 on 1.04 million shares, over 12 times the average trading volume, boosted by its $9 billion merger deal with Enterprise Products Partners LP (NYSE:EPD). The stock set a new 52-week high during today’s trading session when it reached $56.43. (NYSE:EPE), (EPE)

Great Basin Gold Ltd. (USA) (AMEX: GBG) jumped up by 9.72% and closed at $2.37 on above-average volume of 5.35 million shares. The stock set a new 52-week high during today’s trading session when it reached $2.40. RBC Capital upgraded the stock from Outperform to Top Pick. (AMEX:GBG), (GBG)

Biovail Corp. (USA) (NYSE: BVF) jumped up by 9.56% and closed at $26.25 with overall traded volume of 7.01 million shares, over three times the average volume. The stock hit a new 52-week high of $26.45 earlier in the day. Valeant Pharmaceuticals International (NYSE: VRX) CEO J. Michael Pearson gave details regarding the Biovail-Valeant merger. (NYSE:BVF), (BVF)

WSP Holdings Ltd. (NYSE: WH) gained by 8.07% and closed at $1.46 on over seven times its average trading volume. WSP Holdings Ltd. is a leading manufacturer of Oil Country Tubular Goods (OCTG) in China. (NYSE:WH), (WH)

Valeant Pharmaceuticals International (NYSE: VRX) advanced by 6.44% and closed at $63.84 on 1.32 million shares. The stock hit a new 52-week high of $64.13 earlier in the day. (NYSE:VRX), (VRX)

VirnetX Holding Corp. (AMEX: VHC) moved up by 4.21% and closed at $9.15% with total volume of 2.28 million shares, over four times the average volume. Scotts Valley, California-based VirnetX Holding Corp. is a leader in secure real-time communications and collaboration technology. (AMEX:VHC), (VHC)

Beckman Coulter Inc. (NYSE: BEC) dropped by 4.13% and closed at $44.58 on above-average volume of 2.52 million shares. The stock set a new 52-week low during today’s trading session when it reached $43.95. The medical device maker today announced the resignation of CEO Scott Garrett. (NYSE:BEC), (BEC)

KLA-Tencor Corp. (NASDAQ: KLAC) slid by 5.57% and closed at $28.66 on above-average volume of 4.14 million shares. Barclays has downgraded shares of the semiconductor equipment maker to Equalweight from Overweight, while cutting the price target by $15 to $30. (NASDAQ:KLAC), (KLAC)

Synutra International Inc. (NASDAQ: SYUT) fell by 8.11% and closed at $9.40 on volume of over 415K shares. The stock set a new 52-week low during today’s trading session when it reached $9.16. Synutra International is a leading infant formula company in China. (NASDAQ:SYUT), (SYUT)

GT Solar International Inc. (NASDAQ: SOLR) declined by 11.62% and closed at $7.76 on above-average volume of 3.51 million shares. Shares of the solar equipment maker closed lower on news that a shareholder is offering 10 million shares of common stock. (NASDAQ:SOLR), (SOLR)

Brooks Automation Inc. (USA) (NASDAQ: BRKS) fell by 13.15% and closed at $5.81 with total volume of 2.07 million shares, over four times the average volume. The stock set a new 52-week high during today’s trading session when it reached $5.79. Barclays has downgraded shares of the instrumentation solutions provider from Overweight to Equalweight, while cutting the price target from $13 to $6. (NASDAQ:BRKS), (BRKS)

China Sky One Medical Inc. (NASDAQ: CSKI) plummeted by 31.17% and closed at $6.67 on 1.53 million shares, nearly 13 times the average volume. The stock set a new 52-week low during today’s trading session when it reached $6.60. The Chinese pharmaceutical company recently slashed its financial forecast for 2010. (NASDAQ:CSKI), (CSKI)

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