Down Volume Spike: Apple (AAPL)
Apple Inc. (NASDAQ: AAPL) is getting hit this morning in pre-market trading. The iPod, iPhone, and iMac maker saw its shares cut to Neutral from Buy with a new price target of $115.00 at Goldman Sachs.
Full summary details of the downgrade.
Shares are down less than 2% pre-market at $96.40 with about 230,000 shares having traded [...]
Price Tank Alert: Altera Corp. (ALTR)
Altera Corp. (NASDAQ: ALTR) is getting hit hard this Monday morning, although maybe not by as much as if you just looked at the headline and pretended this was somewhat normal times. Goldman Sachs downgraded the stock by putting it on the Conviction Sell List.
Shares are down 4% at $14.40 9:06 AM EST. So far [...]
Downward Volume Surge: Goldman Sachs (GS)
Goldman Sachs Group inc. (NYSE: GS) better go ahead and announce whatever bold new strategy it wants to do as a bank holding company. This stock is down another 7.6% at $71.88 on active volume. At 10:57 AM EST it has seen 15.7 million shares trade hands, yet its average daily volume is about 22.6 [...]
Traders Attack Goldman Sachs & Morgan Stanley (GS, MS)
Shares of Goldman Sachs (NYSE: GS) and Morgan Stanley (NYSE: MS) have hit skid row again on no real news. We have inquired around and the culprit is traders attacking the stock. They are using these as hedges on other positions, but there may be more the concerns of this “investment bank turned banker” business [...]
Major Down Price/Volume Alert: Sirius & XM (SIRI, XMSR)
Satellite radio stocks are being murdered in the pre-market session. Sirius Satellite Radio Holdings Inc. (NASDAQ: SIRI) and on XM Satellite Radio Holdings inc. (NASDAQ: XMSR) saw their price targets slashed by Goldman Sachs this morning. XM is trading down at $9.55 with about 10 minutes to open and it has traded over 180,000 shares. [...]
Options Spike: Goldman Sachs (GS)
Shares of Goldman Sachs Group Inc. (NYSE: GS) are trading up today by 1.4% at $180.80 at 12:06 PM EST. Part of the relief is from Lehman’s (NYSE: LEH) earnings not being an “at-risk”operation and the rest is traders positioning themselves ahead of earnings tomorrow for the investment banking giant. The flurry of interest is [...]
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