Archive for June, 2008

PRE-MARKET VOLUME SPIKE: Ericsson (ERIC)

LM Ericsson (NASDAQ: ERIC) is seeing a downward price move on a rather large volume surge this morning.
The Sweden-based handset maker said that net sales and income before taxes in the second quarter of 2008 are still being negatively affected by moderating demand of mid-to-high end mobile phones, in combination with a delay of new [...]

Options Spike: NRG Energy & Mirant (NRG, MIR)

There are two options contracts that are the most active on the CBOE today, and both are electric producers and power generation.   NRG Energy, Inc. (NYSE: NRG) and Mirant Corp. (NYSE: MIR) hold the two top spots for options trading so far this morning.

NRG’s JUL08 $42.50 CALL    with 15,005 contracts traded, and prior open interest [...]

Day 2 Volume Surge: Advanced Battery Technologies Inc. (ABAT)

Advanced Battery Technologies Inc. (NASDAQ: ABAT) is a tiny stock with a mere $277 million market cap.  Its shares are up another 8% at $5.55 today as of 10:22 AM EST with already 692,000 shares having traded hands. We saw over 1.15 million shares trade hands yesterday and today looks like we’ll easily pass that [...]

Price/Volume Spike: VANDA PHARMA (VNDA)

Vanda Pharmaceuticals, inc. (NASDAQ: VNDA) shares are indicating higher with some 2-hours to the open after scoring solid marks on Phase III insomnia results. At 7:30 AM EST we have seen some 23,200 shares trade hands with a last print of $5.89 in this pre-market session. Shares closed at $4.99 and its 52-week [...]

Price Surge, Light Volume: Limelight Networks (LLNW)

Limelight Networks, Inc. (NASDAQ: LLNW) is seeing a strange trading pattern today.  At 1:40 PM EST shares are up over 7% at $4.04, but we have only seen 138,368 shares trade hands today.  Its normal volume on an average trading day is 506,000 shares.  This is what would generally just be called a seller’s strike [...]

Price/Volume Surge: Airlines On Oil (LCC, NWA, JBLU, AMR, DAL, CAL, UAUA)

We are seeing a sudden price/volume surge as oil has just dropped $4.00 per barrel after the inventory numbers rose at 10:30 AM EST. These are the price percentage moves seen in these stocks as of 10:47 AM EST:
US AIRWAYS GROUP INC (LCC) +8.56%
NORTHWEST AIRLINE (NWA) +5.07%
JETBLUE (JBLU) [...]

Price/Volume Spike: Apollo Group (APOL)

Apollo Group, Inc. (NASDAQ: APOL) is seeing a big drop on large volume this morning.  At 10:06 AM EST we see shares are down 7% at $49.05 on 2.5 million shares.
This move is after the “effective immediately” resignation of Brian Mueller as President and Director.  Mueller served as President of Apollo Group since early 2006 [...]

8-Times Volume Surge: IONA (IONA, PRGS)

We have just seen an eight-times volume spike in IONA Technologies plc (NASDAQ: IONA) in the first 15 minutes of trading today.  Shares are up 9.4% at $3.94 on well over 500,000 shares at 9:45 AM EST.  Progress Software (NASDAQ: PRGS) is acquiring the company for $4.05 per share in a cash buyout.  Full details [...]

Pre-market Surge: Empire Resorts (NYNY)

Empire Resorts, Inc. (NASDAQ: NYNY) has been one of the more volatile casino and gaming stocks because of an “on-again off-again” status of its new casino with regulatory approvals.  In pre-market trading at 8:45 AM EST we have seen 22,900 shares trade hands and the last trade was at $3.75 after closing at $3.28 yesterday.
The [...]

Volume Surge: Monsanto Earnings Pulls Agriculture Stocks (MON, POT, MOS, MOO)

Monsanto Co. (NYSE: MON) has just come out and reported earnings. The company beat earnings estimates but the top-line numbers and guidance aren’t going to be enough on the surface to keep everyone happy. This is dragging down the entire sector with more than one hour to the open. Monsanto’s stock is [...]