Hot Stocks: Ten Super Crazy Volume Spikes

sunset empy road
sunset empy road

24/7 Wall St. often looks for crazy volume moves and there are more than just a handful today.

AFC Enterprises, Inc. (NASDAQ: AFCE) is up 8% at $32.41 after being called a Buy by Jim Cramer last night. Interestingly enough, this is a 52-week high as the prior 52-week range was $15.33 to $32.26. We have seen 390,000 shares trade hands versus a usual volume of about 150,000.

American Public Education, Inc. (NASDAQ: APEI) is down 7% at $36.20 after yesterday's earnings against a 52-week range of $24.88 to $42.17 and the 403,000 shares so far compares to a mere average daily volume of only 93,000 shares.

Atlantic Power Corporation (NYSE: AT) is down 29% at $7.06 at a new 52-week low under the prior range of $9.90 to $15.18 after earnings and cutting its dividend. The 7.2 million shares so far is closing in on a 10X volume spike versus the average volume of 828,000 shares.

EV Energy Partners LP (NASDAQ: EVEP) is down 7% at $52.07 against a 52-week range of $43.56 to $73.75. We have seen volume of 1.04 million shares (or units) versus average daily volume of only 278,000.

Foster Wheeler AG (NASDAQ: FWLT) is down almost 17% at $19.98 against a 52-week range of $15.26 to $27.13 after earnings were light this morning. What really stands out is the 7.45 million shares versus an average daily volume of 873,000 shares. That will be a 10X volume spike by the end of the day. This is the highest volume going back to 10.3 million shares one day all the back on November 30, 2011.

GMX Resources Inc. (NYSE: GMXR) is one hardly ever mentioned or noticed, but not this Friday. At $3.58, the 48% gain is on volume of over 4 million shares. That is a 30X volume spike against an average volume of about 134,000 shares. We went back over three years ago and could not find a day with this much trading volume.

Icahn Enterprises, L.P. (NASDAQ: IEP) is tanking with shares (or interests) down 12.6% at $62.46 on more than 1.5 million shares. The average daily volume is only about 50,000. Icahn sold 3,174,604 units at $63.00 per unit after closing at $71.49 yesterday. All proceeds are said to be for general corporate purposes, which now may include attorney fees for screwing over the people who bought into Icahn's game over the last few weeks.

MasTec, Inc. (NYSE: MTZ) was higher but shares are still up 2.4% at $30.81 and shares hit a new 52-week high of $31.47 against the prior 52-week range of $12.86 to $30.84. The volume of over 1.9 million shares after posting record revenues and tendering for debt compares to an average day's volume of 955,000 shares.

MGIC Investment Corp. (NYSE: MTG) is up a sharp 24% at $3.70 versus a 52-week range of $0.66 to $5.15. The 22 million shares so far compares to an average volume of about 5.5 million shares, making this a 4X volume spike.

Nymox Pharmaceutical Corporation (NASDAQ: NYMX) hit a single-stock circuit breaker and was halted….. shares are down 8.3% at $5.34 but the day's range is $3.72 to $5.85 against a prior 52-week range of $5.69 to $8.53. The trading volume of 323,000 shares compares to average daily volume of almost 35,000 shares. Get this: NO news has been issued by the company and it is not sure what the move is from.

Filed under: 24/7 Wall St. Wire, Active Trader Tagged: AFCE, APEI, AT, EVEP, FWLT, GMXR, IEP, MTG, MTZ, NYMX