Not complaining - best prices since 8/23. The downtrend that started with earnings seems to be broken but at 1800 shares 2.5 hours in, anything can happen.
Short interest was roughly halved on the last report. Covering would seem to account for the bulk of the trading between the settlement dates (7/30 - 8/13) which included the two days after earnings release. The 8% climb today might attract some attention if everything else weren't moving so well.
Xerium #4 on the NYSE. Though not stated, the list seems to exclude sub-$5 stocks. In that category is another (small cap distressed) paper name: Nashville-based Verso (VRS) produces and distributes coated paper and rose 17.8% to $2.52.
On Wednesday September 1, 2010, 6:03 pm EDT NEW YORK (AP) -- A look at the 10 biggest percentage gainers on New York Stock Exchange at the close of trading:
Kronos Worldwide Inc. rose 18.2 percent to $35.99.
Burger King Holdings Inc. rose 14.7 percent to $18.86.
Brookfield Homes Corp. rose 14.5 percent to $7.33.
Xerium Technologies Inc. rose 14.1 percent to $11.48.
KB Home rose 11.1 percent to $11.45.
Stoneridge Inc. rose 11.1 percent to $9.59.
Nacco rose 10.6 percent to $85.78.
Cascade Corp. rose 10.4 percent to $34.46.
Orion Marine Grp rose 10.3 percent to $12.38.
Ampco-Pittsburgh Corp. rose 10.3 percent to $23.69.
That was nice. It felt good after a week of churn around $10. Highest price level since 8/18 and back above the July lows. The last two days have had painfully little volume until very late in the session. 32.6k for today is moving in the right direction from the totally pitiful 16.7k yesterday. Here's hoping the supply of willing sellers has been exhausted. Now all we need is buyers and a supportive broad market.
$1.42 for a 14.12% gain is nothing to sneeze at. It's been a while since we've seen that kind of one-day percentage move.