SHENGKAI INNOVATIONS INC, VRINGO INC Among Stocks Gapping Up Monday

These are stocks that gapped up today and had open prices higher than the close on the previous trading day:

  • SHENGKAI INNOVATIONS INC (NASDAQ:VALV) closed the previous trading session at $1.53, gapping up to open at $1.75 today. Shares are up 13.7% and trading at a volume of 3.4 million. The stock is trading 55% above its 50-day moving average and 41.8% above its 200-day moving average.
  • VRINGO INC (AMEX:VRNG) opened at $3.04 after closing the previous trading session at $2.66, gapping up. Trading at a volume of 737,720, the stock price is up 3.4%. The stock is trading 54.9% above its 50-day moving average and 48.3% above its 200-day moving average.
  • iBio (AMEX:IBIO) gapped up today, opening at $1.59 after closing the previous trading session at $1.37. While trading at a volume of 182,327, the stock price has risen 6.6%. The stock is trading 45.2% above its 50-day moving average and 16.7% above its 200-day moving average.