Editors Note: Related Tickers: Stewart Enterprises, Inc. (NASDAQ:STEI), Sirius XM Radio Inc (NASDAQ:SIRI), Facebook Inc (NASDAQ:FB), Tesla Motors Inc (NASDAQ:TSLA), Google Inc (NASDAQ:GOOG), Service Corporation International (NYSE:SCI)
Some of the highest-moving stocks today are Stewart Enterprises, Inc. (NASDAQ:STEI), Sirius XM Radio Inc (NASDAQ:SIRI), Facebook Inc (NASDAQ:FB) and Tesla Motors Inc (NASDAQ:TSLA), but we’ll tackle the more important question: should you buy them while they’re changing hands so quickly?
Over $4 million worth of shares of Stewart Enterprises, Inc. (NASDAQ:STEI) have been traded already so far today, just prior to the open. Stewart Enterprises, Inc. (NASDAQ:STEI) just announced that it has commenced a definitive merger agreement with Service Corporation International (NYSE:SCI). SCI will acquire Stewart for approximately $1.4 billion in cash. Stewart Enterprises, Inc. (NASDAQ:STEI) has been in significant uptrend since mid-April, and closed yesterday at $9.74, touching its 52-week high during the trading session. Stewart Enterprises, Inc. (NASDAQ:STEI) is currently second largest funeral and cemetery services provided in the United States.
Sirius XM Radio Inc (NASDAQ:SIRI) has had over $600,000 worth of shares traded so far in the pre-market. The satellite radio (SDARS) service provider has had a bullish year, rallying from a low of $1.80 in June 2012 to close at $3.59 yesterday. Recent earnings were also strong, rising 15% on impressive revenue growth, mainly from a growth in subscribers. Its P/E Ratio is also value-friendly at 3.83 as of writing.
Facebook Inc (NASDAQ:FB) has had over $400,000 volume traded in the pre-market so far today. The stock has been extremely volatile since its controversial IPO just over a year ago, trading a range from $17.55 to $33.45. The company has struggled with monetization of its product offering, but many analysts and investors believe it to be the next big blue chip, giving it a sky-high P/E Ratio of 2114.36 as of writing. A bidding war with Google Inc (NASDAQ:GOOG) for the Israel-based app developer Waze has hurt the company’s stock price in recent times.
Tesla Motors Inc (NASDAQ:TSLA) has $240,000 worth of shares traded so far in the pre-market. The electric vehicle manufacturer has staged a substantial advance in price since April, blasting off from around $40 to trade at $110.334 as of the close yesterday. Much of the impetus of the massive price rise is confidence in the well-received Model S electric car, the sales of which allowed Tesla Motors to announce a first-quarter profit of $15 million. The CEO Elon Musk has made no secret of plans to take the niche company to the mass market. Tesla Motors Inc (NASDAQ:TSLA) also recently paid off a loan it received from the Department of Energy in its entirety.
Disclosure: none
