Archive for July 15th, 2008

After-Hours Tank: Seagate Tech (STX, WDC)

Seagate Technology (NYSE: STX) tanked after earnings, although poor guidance was the true culprit.  We’ve seen over 465,000 shares trade as of 5:30 PM EST and shares are down over 8.6% at $15.50 in after-hours.  That’s also going to act as a 52-week low if that hold.
Western Digital Corp. (NYSE: WDC) is the key competitor [...]

After-Hours Volume Surge: Sun & Altera (JAVA, ALTR)

Sun Microsystems Inc. (NASDAQ: JAVA) rocketed after-hours after the company managed to issue better than expected guidance of $0.25 to $0.35 non-GAAP EPS on $3.725 to $3.8 Billion in revenues, compared to estimates of $0.27 EPS and $3.24 Billion in revenues. With more than 60 million shares short and with fresh 52-week lows day after [...]

Volume/Price Spike: Sprint (S)

Sprint Nextel (NYSE: S) is seeing a surge in trading and price after David Faber reported on CNBC that SK Telecom is in talks to potentially acquire the ailing telecom. Faber was very clear that there are no definite terms signed and that a deal is not imminent and potentially weeks away. As [...]

Options Volume Spike: Gold ETF (GLD)

The SPDR Gold Shares (NYSE: GLD) is again seeing unusually high interest in the call options out in the AUG08 CALLS and in the SEP08 CALLS.  In fact, this ETF has the top 3 spots for the most active call options at the CBOE.  Below are the two most actives for August and one for [...]

Pre-Market Volume Surge: Evergreen Solar (ESLR)

Evergreen Solar Inc. (NASDAQ: ESLR) is seeing another volume surge after the company announced a $1.2 Billion supply contract in Germany this morning.  At 8:44 AM EST this has traded almost 600,000 shares pre-market and the last trade was up 9.7% at $10.05.  Shares were initially up about 12% but have backed off marginally.
An average [...]