Archive for August 22nd, 2008

Major Options Spike: Akamai Tech (AKAM)

Akamai Technologies Inc. (NASDAQ: AKAM) is seeing a very unusual options trading pattern today.  We have seen many call options trade hands as of 1:20 PM today, and it might actually be enough to get the watchers out who look for unusual options activity in battered tech stocks.  That is even more so the case [...]

Lehman Volume Surge On Hopes & Prayers (LEH)

Lehman Brothers Holdings (NYSE: LEH) has already traded almost half of an average day’s volume, and it’s only 9:51 AM EST.  The brokerage firm is up 13% at $15.54 on over 25 million shares after reports that the Korean Development Bank is interested in acquiring the company.  Key financial analyst Dick Bove of Ladenberg Thalmann [...]

Alpharma: Above Buyout Premium on Exponential Volume (ALO, KG)

Alpharma inc. (NYSE: ALO) isn’t exactly your run of the mill “most active” stock, but it is this morning.  King Pharmaceuticals (NYSE: KG) has offered to buy the drug company in a $1.4 Billion buyout valuing the company at $33.00 in cash per share.  Shares are already up over that level at $34.20 after ten [...]

Volume Tanker: Pacific Sunwear (PSUN)

Pacific Sunwear (NASDAQ: PSUN) came out after the close and posted a second quarter profit, but the apparel retailer lowered its outlook for the second half of the year based upon a soft economy. Shares fell over 20% to $5.95 last night in after-hours trading.
Right after the open by about 3 minutes we have seen [...]