Severe Volume Alert: AMBAC & MBIA (ABK, MBI)
We have seen a severe downward volume spike in trading in the shares of MBIA Inc. (NYSE: MBI) and AMBAC Financial Group Inc. (NYSE: ABK).
Today’s action can be chalked up to a Moody’s “review” that may sweep away the bond insurers’ “Aaa” ratings to levels more similar to “Aa” rated.
Ambac Financial Group, Inc. (NYSE: ABK) [...]
Price & Volume Alert: Level 3 (LVLT)
Level 3 Communications (NASDAQ: LVLT) has been a head-scratcher yesterday and today. Yesterday we noticed a 2-times volume day with an 8% rise. Now this morning we have seen a sharp move with an 8% gain to $4.04 in an hour and 15 minutes of trading volume. At 13 million shares traded [...]
Aggressive Put Options Activity Again in Lehman (LEH)
Lehman Brothers Holdings Inc. (NYSE: LEH) has been under aggressive fire, and with all the needs of capital that have been rumored it is of no real surprise. Even though the company has denied every rumor out there, it is seeing excessive PUT OPTION activity in the early morning and that should lead to even [...]
Indevus 25-Times Normal Volume on News Tank (IDEV)
Indevus Pharmaceuticals Inc. (NASDAQ: IDEV) is seeing shares taken behind the building to face the firing squad. Shares were halted earlier, but now that the market has opened it isn’t looking good at all. Indevus shares are down 66% at $1.37, and its prior 52-week trading range was $3.91 to $8.22. The stock has traded [...]
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