Archive for August 19th, 2008

Wells Fargo Seeing Increased Options Trading (WFC)

We are starting to see some increased trading activity in stock options of  Wells Fargo & Company (NYSE: WFC).  Most days now have financial stocks with various put and call optiosn activity, but this looks larger than most days so far for less than two hours into the trading day.  Below is where you will [...]

PRICE/EVENT ALERT: Smith & Nephew (SNN)

Shares of Smith & Nephew plc (NYSE: SNN) are trading up this morning on a day where many other stocks are trading lower.  Shares are up almost 3% at $59.29 right after the open (9:45 AM EST) on only about 12,000 shares.  There is some light chatter (again) that a larger medical devices company in [...]

Will Staples Break Back Under $20.00??? (SPLS, OMX)

Staples Inc. (NASDAQ: SPLS)  is being pounded into the open.  Shares just opened and are down by about 9% at $22.28 in very active trading.  We have seen over 700,000 shares trade hands. The business and consumer slowing is affecting its sales.  The office supplies retailer sees 2008 sales growth in low-single digits and now [...]

All-Time Low Alert: China Techfaith Wireless (CNFT)

China Techfaith Wireless Communication Technology Ltd. (NASDAQ: CNTF) is hitting new 52-week lows this morning.  In fact, this really looks like all-time lows.  Our charting data goes back to only early 2005 on this issue and shares were north of $10.00 back then. The stock is down 23% at $2.07 on over 65,000 shares as [...]

Trader Alert: Jos. A Bank Clothiers Inc. (JOSB)

We are seeing some very unusual activity in shares of Jos. A Bank Clothiers Inc. (NASDAQ: JOSB) in pre-market trading.  Shares closed at $28.02 yesterday and we are seeing a 15% drop in pre-market trading on 3,160 shares as of 9:18 AM EST. What is interesting here is that this has already recovered at least [...]

Trader Alert: Xinhua Finance Media Ltd. (XFML)

We are seeing more interest in shares of Xinhua Finance Media Ltd. (NASDAQ: XFML) this morning.  Shares have traded over 35,000 shares pre-market and are up about 14% at $3.10 as of 9:10 AM EST.  This traded up last night after earnings with over 400,000 shares. The company’s earnings beat expectations and it was raising [...]