PRICE/VOLUME SPIKE ALERT: Rentech Inc. (RTK)
Rentech, Inc. (AMEX: RTK) is seeing a major surge today. It hasn’t run on current news, but rather on news that is about to occur. The company makes ultra-clean synthetic fuel, and the company si going to be featured and interviewed on CNBC tonight by Larry Kudlow. With airline jet fuel at such high prices [...]
False Volume Alert: Catalyst Semiconductor (CATS)
This morning there were some unusual trading patterns as a few thousand shares of catalyst Semiconductor Inc. (NASDAQ: CATS) appeared to have more than a 100% gain in pre-market trades. But it turns out these were trade errors and the trades appear to have been busted. What is odd is that you frequently see even [...]
A Tale of Two Gappers: AMBAC vs. Freddie Mac
We have quite a different outcome for two key mortgage players this morning. Ambac Financial Group, Inc. (NYSE: ABK) and Freddie Mac (NYSE: FRE) both reported earnings, yet they are as different as night and day. Ambac is seeing a share gain of about 4% right before the open. The company actually managed to post [...]
Price/Volume Spike Alert: Verenium Corp. (VRNM, BP)
Verenium Corp. (NASDAQ: VRNM) is spiking significantly higher in pre-market trading. The company signed a biofuel production pact with BP plc (NYSE: BP). The pact will lead to cellulosic ethanol production using non-food stocks and Verenium will receive $90 Million in funding from BP over the next 18 months. The market cap before today’s spike [...]
Kraft Stock & Options Still Under Sharp Focus (KFT)
We are still seeing high options trading in Kraft Foods Inc. (NYSE: KFT). We’d ask traders to pay close attention to these today even though these were yesterday’s most active contracts yet again. The initial trade was a directionless trade meant to capture some spread arbitrage but now it is obvious that speculators have also [...]
Stocks With Biggest Pre-Market Gap Down (INAP, ABCO, WFMI, PCLN, MVIS)
These are the stocks gapping down the most in pre-market trading this morning with stock prices more than 10% lower than the close: STOCK (TICKER) Close 8:34AM DROP% Volume Internap Network Services (INAP) $4.38 $3.30 24.66% 4,162 Advisory Board Company (ABCO) $39.63 $30.00 24.30% 48,311 Whole [...]
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