Downward Volume Surge: Gabelli… GAMCO Investors (GBL)
GAMCO Investors, Inc. (NYSE: GBL), parent of Gabelli Funds is seeing some rather unusual trading volume today. The investment manager and advisory firm saw nearly a 7% drop toward the end of the day. Shares have been weak all day, but a review of the share trading volume is a true head-scratcher. Its 6.8% drop [...]
Price/Volume Spike: Premier Exhibitions (PRXI)
Premier Exhibitions Inc. (NASDAQ: PRXI) just saw a severe volume spike in its stock and the volume all came in on the buy side initially. This move can be attributed to James Altucher of TheStreet.com appearing a few minutes ago on CNBC and noting that after the settlement over its “Bodies” exhibit and the questions [...]
Anheuser-Busch Options Activity Increasing (BUD)
Anheuser-Busch Companies Inc. (NYSE: BUD) is starting to see another pickup in its call options activity today, which is looking similar to a move we saw two weeks ago. That doesn’t mean any deal nor any major news is imminent, but it usually sends traders into a frenzy to see what they can dig up [...]
Unusual Cemex Options Trading (CX)
There has been some unusual options activity in Cemex S.A.B. de C.V. (NYSE: CX) today over the last hour. If you go out to the JANUARY 2009 options expiration contracts, you will see that some 25,000 contracts have traded in the JAN09 $40 CALLS. It is very possible that these were some trade exits though [...]
Triple Volume Alert: Hooker Furniture (HOFT)
Hooker Furniture Corp. (NASDAQ: HOFT) has already tripled its average daily trading volume this morning. The stock is down some 14% at $17.55 and its normal 117,000 shares a day is now at 358,000 in less than two hours. The culprit: earnings after the company reported lower sales Tuesday. The company is rather small with [...]
Price/Volume Block Surge: Staples Inc. (SPLS)
Staples Inc. (NASDAQ: SPLS) is seeing a surge in trading this morning after the company finally reached a deal to secure its acquisition of Corporate Express (NYSE: CXP) this morning. After about 25 minutes of trading Staples has seen more than 3.4 million shares trade hands, which is almost half of the average 8 million [...]
Volume Surge: Boardwalk Pipeline (BWP)
Boardwalk Pipeline Partners, LP (NYSE: BWP) is seeing a second consecutive day of active trading in its stock right after the open. The company priced its secondary offering of 10 million shares at $25.30 last night and you can see the full details on that pricing. In less than 6 minutes this has seen over [...]
Pre-Market Volume Spike: Alvarion Ltd. (ALVR)
Alvarion Ltd. (NASDAQ: ALVR) is seeing a surge in pre-market trading this morning. The company signed a strategic WiMAX agreement with Nortel Networks today, and this has shares running on high volume. We have already seen about 150,000 shares trade with more than 20 minutes to the open of trading. Its average trading volume is [...]
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