ACAD climbs, F hiring, INUV suffers

ACADIA Pharmaceuticals Inc. (Nasdaq: ACAD) shares gained 34.8% to $1.55 Monday. Volume of 8,207,414 shares proved 12 times its usual volume of 674,665, after ACAD entered into an agreement, to fund its research into Parkinson’s disease.

Ford Motor Company (NYSE: F) was a volume leader Monday, trading in 38,100,313 shares, nearly half its daily average of 82,773,700. Prices for F nipped up 0.9 percent to $18.43. The car maker Monday announced that it planned to hire more than 7,000 workers in the next two years.

Inuvo, Inc (Amex: INUV) got bruised 20.5 percent by noon ET Monday to $4.03. Volume for the stock was 153,338 shares, already surpassing its daily average of 131,311 shares. INUV announced today that revenue for the quarter ended December 31, 2010 would be approximately $14 million. This represents a 46% increase over the $9.6 million of revenue in the same quarter of 2009 and is slightly lower than the third quarter of 2010.

Tags: ACAD, amex, consumer discretionary, F, healthcare, INUV, nasdaq, NYSE, pharmaceutical stocks

This entry was posted on Monday, January 10th, 2011 at 1:07 pm by Glenn and is filed under Consumer Discretionary Stocks, Health Care Stocks. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.