Markets Turn Positive At Midday

The markets turned positive during the midday with the Dow rising 16 points to 15,417 as home prices rose. Nasdaq gained 19 points to 3784.

On the upside

Kandi Technologies Group (Nasdaq: KNDI) continued rising after completing the electric vehicle asset acquisition from Zhejiang New Energy Vehicle System.

A class action lawsuit against GenVec (Nasdaq: GNVC) was dismissed.

KB Home (NYSE: KBH) reported sharply higher third quarter earnings that surpassed analyst expectations.


On the downside


Two law firms filed suit against BioScrip (Nasdaq: BIOS) for possible securities law violations.

Arbor Realty Trust (NYSE: ABR) priced its public offering of 6 million common shares at the discounted price of $7.08 per share.

Paragon Shipping (Nasdaq: PRGN) increased its public offering to more than 5.2 million common shares priced at a discount of $5.75 per share.

In the broad market, advancing issues outpaced decliners by a margin of more than 5 to 3 on the NYSE and by more than 2 to 1 on Nasdaq. The broader S&P 500 added 3 points to 1705.

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