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SINA Corporation, ABIOMED Among Stocks Gapping Up Wednesday

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

  • SINA Corporation (NASDAQ:SINA) gapped up today, opening at $57.44 after closing the previous trading session at $51.68. Trading at a volume of 3.7 million, the stock price is up 13.6%. The stock has been on a downward trajectory over the last two months, falling $15.41 (-20.8%) from a price of $74.10 on March 19, 2012. The stock has climbed a step closer to its 50-day moving average, sitting at just 98.2% of the mark.
  • ABIOMED (NASDAQ:ABMD) closed the previous trading session at $23.74, gapping up to open at $26.17 today. Shares have risen 4.4%, trading at a volume of 573,530. Share price is up $3.90 (18.7%) from $20.89 on April 17, 2012. The stock is trading 9.1% above its 50-day moving average and 19% above its 200-day moving average.
  • Fonar Corporation (NASDAQ:FONR) opened at $4.70 after closing the previous trading session at $4.26, gapping up. The stock price is up 15% with a volume of 166,854. The stock has moved up across its 50-day moving average of $4.30 today.
  • Cogo Group (NASDAQ:COGO) gapped up today, opening at $2.44 after closing the previous trading session at $2. Trading at a volume of 313,009, the stock price is up 13%. Shares are down over the last two months as the price has dropped 74 cents (-24.7%) from a price of $3 on March 19, 2012. The stock has moved up across its 200-day moving average of $2.24 today.