Tuesday, July 5, 2011


Below we highlight few companies whose shares are actively trading in Tuesday's session.

Molycorp, Inc. (NYSE MCP) dropped more than 2% after Japanese scientists announced that massive deposits of the 17 elements used to produce hybrid cars, laptops, smartphones and other high-tech devices can be extracted from the floor of the Pacific Ocean.

Yamana Gold, Inc. (NYSE: AUY) rallied more than 5% after RBC Capital Markets LLC said it sees potential for a second-half rally in the gold producer stocks.

Satcon Technology Corporation (NASDAQ: SATC) slumped more than 22% on Tuesay after the company announced preliminary unaudited results for revenue and gross margin for its second quarter ended June 30, 2011. Based on preliminary financial data and subject to the final closing of the company's financial statements, Satcon expects second-quarter 2011 revenue will be between $45 million and $47 million, compared with its previously announced guidance of $50 million to $60 million. The narrowed revenue range reflects the continued impact of changes in government incentives in the company's higher margin markets in Europe as well as delays on a few projects that have been pushed into the third quarter.

SAIC, Inc. (NYSE: SAI) plunged more than 4% after Network World reported that New York Mayor Michael Bloomberg is demanding that systems integrator Science Applications International Corporation reimburse more than US$600 million it was paid in connection with the troubled CityTime software project, a long-running effort to overhaul the city's payroll system.

Zalicus Inc. (NASDAQ: ZLCS) jumped more than 11% after Oppenheimer & Co. initiated coverage of the drug-development firm with an outperform rating.

Full Disclosure: None.
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