Archive for July 1st, 2008

After-Hours Volume Surge: Starbucks (SBUX)

Starbucks Corp. (NASDAQ: SBUX) is seeing a surge in after-hours trading volume.  Shares closed down 0.76% at $15.62 in normal trading today, but we are seeing shares actually trade higher by 3% at $16.14.  As of 4:32 PM EST we have seen some   Shares had been briefly been halted for news that the company [...]

After-Hours Volume Surge: DELL (DELL)

Dell Inc. (NASDAQ: DELL) is seeing a surge in after-hours trading and this doesn’t look at all like end of day settlements.  Shares closed up 1.3% already at $22.18 today, but as of 4:24 PM EST we have seen an additional 981,000 shares trade and the last prints were at $22.70.
It turns out that Michael [...]

MAJOR VOLUME SPIKE: GM, Ford (GM, F)

General Motors Corp. (NYSE: GM) is seeing a huge spike in trading after the company reported its sales for June.  To make matters short, the results were far “less bad” than expected at -18.5%.  Yep, estimates were much worse.  GM shares are up almost 4% on teh day, but that is up well over 10% [...]

OPTIONS ALERT at 52-Week Lows: SanDisk Corp. (SNDK)

SanDisk Corp. (NASDAQ: SNDK) is seeing some unusual options trading in the near months contracts today.  Here we show the options contracts by strike and by month with open interest there:
JUL08 CALLS   Volume   OpInt
$25.00            9,821    25,781
$27.50            17,840  29,408
$30.00            1,957    11,285
$32.50            4,567    10,185
AUG08 CALLS  Volume  OpInt
$20.00            6,878    1,398
$22.50    [...]

PRICE/VOLUME SPIKE: Converted Organics Inc (COIN)

Converted Organics Inc (NASDAQ: COIN) has just seen a major price surge. The small micro-cap company has a mere $34 million market capitalization rate, and that is after a 17% price spike. At $6.21 at 10:48 AM EST we have now already seen close to an average day’s volume. So far we [...]

Volume Spike: Krispy Kreme (KKD)

Krispy Kreme Doughnuts, Inc. (NYSE: KKD) is seeing a surge in early trading. After 35 minutes we have seen almost double a normal day’s volume with some 1.4 million shares (versus 637,000 average) shares trading hands up 5% at $5.24. The culprit is buyout talk. Whether or not that is the case [...]

Mystery Block: NPS Pharmaceuticals (NPSP)

NPS Pharmaceuticals (NASDAQ: NPSP) never makes the most active list in pre-market trading. Yet this morning there are exactly 1,000,0000 shares that have traded hands with a print up $0.01 at $4.46. The average daily volume isn’t even 300,000 shares.  So what gives?  Last week we saw some 6 million shares trade hands on Friday, [...]