My Stock of the Day is Focus Media (FMCN). Actually, this was my stock of the day from last Friday, but I thought it was worth highlighting again today.
The company beat estimates by 6 cents last night. Gross margins also improved nicely to 65.3% in Q3. And the CEO said, "We continue to see strong leverage in our business model."
This has the stock gapping some +12% higher today, on surging volume. With the earnings report out of the way, I could see this stock making new highs ($70) soon.
Other stocks making notable, high-volume moves include: