Stocks Jump On Unusual Volumes (KBH, BGP, IVAN, BQI)

KB Home (NYSE:KBH) soared 6.91% to $15.32 on unusual volumes. The company posted a quarterly profit without the benefit of tax gains for the first time in almost four years, boosted by higher margins and cost cutting. Net income of the company was $17.4 million, or 23 cents per share, for the fourth quarter, ended November 30. Analysts’ average forecast was 17 cents a share, according to Thomson Reuters. Borders Group, Inc. (NYSE:BGP) jumped 8% to $0.930 on more than its daily average volume after The Wall Street Journal said the struggling bookstore operator has been in talks with advisers to rework its debt load. The paper also cited people familiar with the situation as saying that the company isn't contemplating a bankruptcy filing at this time. The stock opened at $0.98 and is trading within the range of $0.88-$0.98. Ivanhoe Energy Inc. (USA) (NASDAQ:IVAN) rose 3.60% to $3.03 on high volumes. The stock has a 52-week range of $1.46-$3.89. The stock has average daily volume of 1.24 million shares. At current market price, the market capitalization of the company stands at $1.01 billion. Oilsands Quest Inc. (AMEX:BQI) rallied 8.42% to $0.483 on unusual volumes. Over the past five trading sessions, the stock jumped more than 14%. Disclaimer: The assembled information distributed by epicstockpicks.com is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Epicstockpicks.com does expect that investors will buy and sell securities based on information assembled and presented herein. EpicStockPicks.com will not be responsible in any way for or accept any liability for any losses arising from an investor's reliance on or use of information obtained from our website or emails. PLEASE always do your own due diligence, and consult your financial advisor.
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