Archive for August 12th, 2008

PRICE/VOLUME SURGE: VeraSun/Ethanol (VSE, PEIX, AVR)

We are seeing a surge in the price of VeraSun Energy, Corp. (NYSE: VSE) has just opened up 10% or higher at $7.87 after the company beat earnings expectations. The ethanol producer posted $0.16 EPS vs. $0.02 estimates and revenues were up to $1.02 Billion vs. $920M estimates. At 9:33 AM EST we have seen [...]

VOLUME SPIKE: TurboChef (OVEN, MIDD)

We are seeing a huge volume spike on interest in TurboChef Technologies Inc. (NASDAQ: OVEN) pre-market. The company has found the ultimate exit, although not one which will be a huge reward to all shareholders who have been holding the stock.  Middleby Corp. (NASDAQ: MIDD) has announced a definitive merger agreement to acquire TurboChef in [...]

Price/Volume Spike: AIRLINE SECTOR (AMR, CAL, DAL, LCC, LUV)

An analyst call is taking most airline stocks higher this morning in pre-market trading.  Airline stocks might have risen on oil prices being lower (up until 9:00 AM) but these upgrades seem to be driving more interest.  Here are SOME of the JPMORGAN analyst calls as follows (with share price change and volume as of [...]

Pre-Market Price/Volume Spike: ZOLTEK COPMANIES (ZOLT)

We are seeing a downward volume surge in Zoltek Companies Inc. (ZOLT) this morning.  The company’s stock had already fallen hard Monday after RBC went very cautious ahead of earnings, but then earnings came out.  Earnings were down 54% down to $2.3 million net income on an 11% revenue gain to $45M.  The company saw [...]

Pre-Market Price/Volume Spike: Altus Pharmaceuticals (ALTU)

We are seeing a rather large price reaction to the downside and a subsequent volume spike as a result of news from Altus Pharmaceuticals Inc. (NASDAQ: ALTU).  This stock is down sharply after mixed results in a cystic fibrosis Phase III trial in patients with pancreatic insufficiency.   The study met some of the endpoints, but [...]