Schaeffer's Trading Floor Blog
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In afternoon trading, three of the top market movers are restaurant chain Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB), environmental services firm Vertex Energy Inc (NASDAQ:VTNR), and Chinese pharmaceutical issue WuXi PharmaTech (Cayman) Inc. (ADR) (NYSE:WX). Here's a quick roundup of how this trio of names is performing on the charts so far.

  • RRGB is getting pummeled in the wake of its latest quarterly earnings report. At last check, the shares -- which touched an annual low of $50.50 earlier -- were down more than 20% to churn near $51.40, and struggling to keep a foothold atop their 32-month moving average (which hasn't been breached on a monthly closing basis since November 2010). With this sharp move to the downside, Red Robin Gourmet Burgers, Inc. may be vulnerable to bearish analyst notes. Two-thirds of covering brokerage firms have given the stock a "buy" or better assessment, and RRGB's consensus 12-month price target stands at an astronomical (and yet-to-be-touched) $90.

  • On the other hand, VTNR has jumped 14.3% to trade at $8.50, following a well-received second-quarter earnings report. In fact, the stock has advanced more than 150% in 2014 alone. Additional upside could be on the way, as well, since 8.3% of Vertex Energy Inc's float is sold short. To put things in perspective, it would take over six sessions to cover all of VTNR's shorted shares, at the equity's average daily trading levels.

  • WX is another single-session market outperformer, up 7.8% to rest at $34.72, after the firm upwardly revised its full-year guidance last night. Taking a step back, however, the shares have struggled -- off 9.5% year-to-date. On the sentiment front, the Street is relatively rosy toward WuXi PharmaTech (Cayman) Inc. (ADR), as six covering analysts have offered up "strong buy" ratings, versus two "holds" and not a single "sell" evaluation. If the stock resumes its longer-term downtrend, though, WX could get hit with a round of downgrades.


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