Archive for July 23rd, 2008

Baidu.com After-Hours Volume Surge (BIDU)

Baidu.com Inc. (NASDAQ: BIDU) is seeing a marked volume surge in after-hours trading.  The culprit is its better than expected earnings.  As of 5:22 PM EST we have seen 367,000 shares trade in after-hours with a last trade of $321+, which is very active for a $300+ stock. -JON OGG

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Tags: , , Category: after-hours

Reversal Surge: Sirius-XM (SIRI, XMSR)

Sirius Satellite Radio (NASDAQ:SIRI) and XM Satellite Radio (NASDAQ: XMSR) are reversing their earlier losses and headed back up.  Reports from Reuters, DealReporter, and the WSJ are all claiming that the 2-2 deadlock is going to be broken with the final vote coming FOR the merger.  Until you have a press release from the FCC [...]

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VOLUME SPIKE: SIRIUS/XM (SIRI, XMSR)

We’ve just seen a sudden surge of volume to the downside in both Sirius Satellite Radio (NASDAQ: SIRI) and XM Satellite Radio (NASDAQ: XMSR).  There are reports that the FCC commissioner who was trying to make strong concessions  on th Sirius/XM merger has withdrawn the offer that would have resulted in approval of the merger.  [...]

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Tags: Category: General