Archive for June 25th, 2008

Price Surge, Light Volume: Limelight Networks (LLNW)

Limelight Networks, Inc. (NASDAQ: LLNW) is seeing a strange trading pattern today.  At 1:40 PM EST shares are up over 7% at $4.04, but we have only seen 138,368 shares trade hands today.  Its normal volume on an average trading day is 506,000 shares.  This is what would generally just be called a seller’s strike [...]

Price/Volume Surge: Airlines On Oil (LCC, NWA, JBLU, AMR, DAL, CAL, UAUA)

We are seeing a sudden price/volume surge as oil has just dropped $4.00 per barrel after the inventory numbers rose at 10:30 AM EST. These are the price percentage moves seen in these stocks as of 10:47 AM EST:
US AIRWAYS GROUP INC (LCC) +8.56%
NORTHWEST AIRLINE (NWA) +5.07%
JETBLUE (JBLU) [...]

Price/Volume Spike: Apollo Group (APOL)

Apollo Group, Inc. (NASDAQ: APOL) is seeing a big drop on large volume this morning.  At 10:06 AM EST we see shares are down 7% at $49.05 on 2.5 million shares.
This move is after the “effective immediately” resignation of Brian Mueller as President and Director.  Mueller served as President of Apollo Group since early 2006 [...]

8-Times Volume Surge: IONA (IONA, PRGS)

We have just seen an eight-times volume spike in IONA Technologies plc (NASDAQ: IONA) in the first 15 minutes of trading today.  Shares are up 9.4% at $3.94 on well over 500,000 shares at 9:45 AM EST.  Progress Software (NASDAQ: PRGS) is acquiring the company for $4.05 per share in a cash buyout.  Full details [...]

Pre-market Surge: Empire Resorts (NYNY)

Empire Resorts, Inc. (NASDAQ: NYNY) has been one of the more volatile casino and gaming stocks because of an “on-again off-again” status of its new casino with regulatory approvals.  In pre-market trading at 8:45 AM EST we have seen 22,900 shares trade hands and the last trade was at $3.75 after closing at $3.28 yesterday.
The [...]

Volume Surge: Monsanto Earnings Pulls Agriculture Stocks (MON, POT, MOS, MOO)

Monsanto Co. (NYSE: MON) has just come out and reported earnings. The company beat earnings estimates but the top-line numbers and guidance aren’t going to be enough on the surface to keep everyone happy. This is dragging down the entire sector with more than one hour to the open. Monsanto’s stock is [...]