After-Hours Spike: BCE (BCE)
If you have been following the BCE Inc. (NYSE: BCE) merger saga, you’ll be happy to know it looks like it is ending. The Canadian courts have ruled that the Ontario Teachers buyout can proceed despite the bondholders’ complaints. This has traded more than 2.2 million shares in after-hours trading today at 5:20 PM EST. [...]
Downward Volume Alert: Insulet Corporation (PODD)
Insulet Corporation (NASDAQ: PODD) was a stock we had reviewed at BioHealth today, but after a further look the downward volume is highly out of the norm. Canaccord Adams downgraded the stock this morning and it was the first analyst to break ranks. Technicians don’t care about analysts, so they will be focusing on today’s [...]
Options Alert: PMC-Sierra Put Volume (PMCS)
PMC-Sierra Inc. (NASDAQ: PMCS) is one of the old tech names that has been often overlooked. Today we saw a strange options trade the may be a red flag because of the size. The NOV08 $10.00 PUT options have seen some 11,049 contracts trade today. The open interest before this was a mere 81 contracts. [...]
Exponential Volume Spike: Synthesis Energy Systems (SYMX)
Synthesis Energy Systems, Inc. (NASDAQ: SYMX) is seeing a surge in early trading this Friday morning. The company sold 10 million shares at $9.25 in a secondary offering. This is after closing at $9.54 yesterday and its 52-week trading range is $6.56 to $15.92. Before the offering its average daily volume was only about 50,000 [...]
False Volume Alarm: Synchronoss Technologies (SNCR)
If you watched the after-hours trading volume on NASDAQ last night you might have though that something was brewing Synchronoss Technologies, Inc. (NASDAQ: SNCR). According to NASDAQ the stock traded some 207,200 shares after the 4:00 PM close with a final print down some 5.9% at $10.86 after closing at $11.54. The issue at hand [...]
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