Double-Volume Alert on SIRIUS XM (SIRI)
SIRIUS XM Radio Inc. (NASDAQ: SIRI) has already crossed above its average volume for the day. It is actually almost twice-normal volume for a whole day. With 84 million shares having traded hands, that compares to under 50 million shaes for an average day. If this continues, we could have close to three-times normal [...]
More Detailed Volume Analysis on Insmed (INSM)
Insmed Inc. (Nasdaq: INSM) is getting killed on about 10-times trading volume after only about 50 minutes of trading since the market opened. You can see the full news analysis, plus the question over the CEO stepping down, over at BioHeathInvestor.com, but we wanted to run a more detailed analysis of what happens when Insmed [...]
Dendreon shares slide on Provenge delay worry (DNDN)
Dendreon (DNDN) shares are trading about 4% lower on a sudden surge in volume as of about 10 a.m. Eastern this morning.
Market participants appear to be questioning if the timing of a plant buildout laid out in a filing late yesterday means that the company’s Provenge drug could be delayed. — Mike Tarsala
For details, go [...]
Multi-Day Exponential Volume Alert Ahead: E*TRADE (ETFC)
E*TRADE Financial Corp. (NASDAQ: ETFC) is going to be on our “multi-day exponential volume alerts” watch list for at least the next four trading sessions. The company sold 435 million shares in a secondary offering at $1.10 per share, a 23% discount to yesterday’s close and a far cry lower than the $1.90 at the [...]
FAS/FAZ Volume May Change Ahead (FAS, FAZ)
Direxion has leveraged ETF’s which have become the go-to trading instruments for traders and investors. The Direxion Financial Bull 3X Shares (NYSE: FAS) is the triple-bullish leverage ETF for financial stocks. This has become such an actively traded ETF with such a low share price that it now commands some of the largest percentages of [...]
Genentech Causes Flurry of ETF Buying (DNA, BBH, XBI, IBB)
There is a hidden twist in the increased merger price that Genentech Inc. (NYSE: DNA). Sure, Genentech shares spiked huge on the news. But what is interesting here is that the BIOTECH ETF’s which track the sector are spiking on the news:
Biotech HOLDRs (AMEX: BBH) is up 3.8% at $62.45 on 344,000 shares at 1:39 [...]
Volume Spike: Video Display Corp. (VIDE)
This may be a false volume spike. But NASDAQ showed that Video Display Corporation (NASDAQ: VIDE) was one of the most active stocks in pre-market trading. It showed a huge price spike on more than 100,000 shares.
But after looking at the stock quote and the bid/ask spread, it looks like there could just be some [...]
Mystery Block: NPS Pharmaceuticals (NPSP)
NPS Pharmaceuticals (NASDAQ: NPSP) never makes the most active list in pre-market trading. Yet this morning there are exactly 1,000,0000 shares that have traded hands with a print up $0.01 at $4.46. The average daily volume isn’t even 300,000 shares. So what gives? Last week we saw some 6 million shares trade hands on Friday, [...]
Major Block Trade: Mirant (MIR)
Mirant Corp. (NYSE: MIR) is seeing shares up 0.9% at $40.86 on heavy volume of 11.7 million shares as of 10:02 AM EST. While there hasn’t been any fresh news on the stock, there was a rather unusual trade. A single block trade posted on the tape for 8,498,396 shares at $40.90 at 9:46. As [...]
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