Radian Group Inc. (RDN) is a credit enhancement company engaged in the business of domestic, first-lien residential mortgage insurance. RDN stock price popped 22.42%, or $0.74, to $4.04, with 11.36 million shares traded, well above the daily average of 3.19 million shares, after its subsidiary today released data for primary mortgage insurance delinquencies for August 2012. Radian Group has a market cap of $539.93 million.
The Men’s Wearhouse, Inc. (MW) is a specialty apparel retailer. NW stock price spiked 18.69%, or $5.95, to $37.79 with 3.85 million shares traded, well above the daily average of 481,867 shares, after the firm reported earnings beating the consensus estimate and issued strong 2012 guidance. The Men’s Wearhouse has market cap of $1.92 billion and a P/E multiple of 16.44x.
Navistar International Corp (NAV), through its subsidiaries, operates as a manufacturer of vehicles and engines. NAV stock price climbed 17.44%, or $3.56, to $23.97, with 7.92 million shares traded, more than four times the daily average of 1.81 million shares, after the company reported its third quarter profit of $84 million, or $1.22 per share, substaintially lower than last year same period’s $1.4 billion or $18.24 per share. Excluding the tax benefit, the company would incur a net loss of $100 million for the third quarter, versus a net loss of $54 million a year ago. Navistar International Corp has a market cap of $1.64 billion and a P/E multiple of 1.42x.
Orexigen Therapeutics, Inc. (OREX) is a biopharmaceutical company engaged in developing pharmaceutical product candidates for the treatment of obesity. OREX stock price surged 16.70%, or $0.82, to $5.73, with 10.01 million shares traded, ten times the daily average of 2.01 million shares. The company said it will complete enrollment in an interim study of cardiovascular risks associated with its weight-loss treatment Contrave ahead of the previously estimated time frame. Orexigen Therapeutics has a market cap of $404.82 million.
Ambow Education Holding Ltd. (AMBO) operates as a provider of educational and career enhancement services and is aware of recent media reports about Beijing Jinghan Yingcai Education and Technology Co., Ltd. (“Jinghan”). AMBO stock rallied as one of the top stocks Tursday by rising 14.10%, or $0.32, to $2.59 after a plunge yesterday, with 124,582 shares traded, twice the daily average of 66,839 shares, after the company said that Jinghan matters would not cause any restatement of previously announced financial results. Ambow Education has a market cap of $191.72 million and a P/E multiple of 26.95x.