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Every market day comes up with stocks that are making interesting price movements. Though these pricing superstars may be advancing or going south, many do provide interesting opportunities. Generally, such extraordinary price movements are lagging indicators to me, but in certain cases, they may also act as a precursor of some important occurrence. Apart from this, I also make use of such movements to reshuffle my portfolio for capturing short-term momentum.

To illustrate, the following stocks all had interesting price movements on the day of writing. Equinix (NASDAQ:EQIX) and Pall Corporation (NYSE:PLL) were among the top price movers in the market, and while Nokia (NYSE:NOK) gained moderately, that movement was interesting to me in light of its Lumia fiasco and its ongoing battle with itself to remain meaningful in the mobile market. Due to such unusual movements in the stocks' prices, they may present good short-term opportunities to investors.

Equinix Inc.: The stock is not only trading 9% up at $203.41 but it also set a new 52-week high price of $212 in the current trading session. Equinix also clocked impressive volume and it has already traded 4.71 million shares so far, way more than its usual daily average volume of 750k shares.

The buying interest in the stock may be due to the company's intention of making special distribution to its shareholders. Equinix is expected to distribute $700 million to $1.1 billion to its shareholders by 2015. The distribution is likely to act as a sign of financial stability and liquidity of the company as 20% of the distribution will be made in cash. The remaining payment will take the form of the company stock.

EQIX has a beta of 1.49, and its Price Earnings ratio is at 102.09. Equinix had reported its latest Earnings Per Share at $1.99. The stock has already gained more than 100% in this year alone. Equinix is also looking to reap some substantial tax benefits by converting itself into a REIT company by 2015.

Nokia Corporation: Nokia maintains its positive streak, and the stock is trading at $2.90, 5.45% up from its previous close of $2.75. The price movement may seem surprising as the company seems to be facing one failure after another. While Apple (NASDAQ:AAPL) released yet another blockbuster phone, Nokia's latest offering Lumia failed to cause even a ripple in the market.

However, the company is rumored to be negotiating the sale of its business support systems unit. Nokia is also planning to release two new phones in the fourth quarter, but after seeing the market reception of its admittedly technologically superior Lumia phones, I am not quite optimistic about the upcoming phones. Nokia certainly lacks the marketing pizzazz of Apple and it is eminently evident from the cold reception received by its Lumia 920 and Lumia 820 phones.

On the plus side for the investors, the stock looks pretty cheap now and may have reasonable upside in the near future. The company currently commands $10.86 billion in market capitalization and its stock has a beta of 1.57.

Pall Corporation: The stock is trading up at good volumes. The movement seems to stem from the fourth quarter results declared by the company. Pall announced its earnings from continuing operations at 86 cents per share, beating the consensus estimate of 77 cents per share. Its aerospace sales also increased 17% while biopharma unit scored a 8.9% increase.

Pall Corporation is trading at $62.72, 7.82% up from its previous close and quite near to its 52-week high of $64.55. The stock touched its lowest price of 52 weeks at $39.81. In the current session, the stock oscillated between $62.05 and $63.18.

Pall Corporation also reported 50 base point improvement in its annual operating margin which stood at 17%, though it suffered a hit on account of ERP implementation charges. With good results to back up its positive price movement, the stock seems like a safe haven.

LeapFrog Enterprises Inc. (NYSE:LF): The toy making company is trading at $9.11, up 6.05%. The stock tumbled a few days back on Toys R Us' (TOYS) announcement about its tablet and is now way down from its 52-week high price of $12.28.

The past week saw the stock losing about 20% of its value. However, at this price point, LeapFrog Enterprises is now being considered a good buy by many analysts. While LF stock plummeted after Toys R Us announced its Tabeo device on Monday, coupled with a reduction in Leapfrog's toy tablet price from $99 to $79, the company is likely to have solid demand for the gadget.

Equity analyst firm Ascendiant Capital retained its Buy rating for the stock, even after the last week's blood bath. The stock's target price has been set at $15. LeapFrog Enterprises has a healthy market capital base of $700 million.

Source: Unusual Price Movements May Indicate Hidden Opportunities