Price/Volume Alert: Gafisa S.A. (GFA, TOL)
Gafisa S.A. (NYSE: GFA), the Brazilian homebuilder was delayed on opening this morning. There was increased selling in Brazil today, and it probably didn’t help that Toll Brothers (NYSE: TOL) in the U.S. said that the company cannot predict a profit in fiscal 2009. This expected home weakness is sort of mind boggling that anyone [...]
Sympathy Trade Alert: VisionChina Media (VISN, FMCN)
VisionChina Media Inc. (NASDAQ: VISN) traded lower in after-hours trading last night, but on very thin volume. The reason is simple: it is a small advertising competitor to Focus Media (NASDAQ: FMCN). We have not seen any trades this morning, but the price indications are down 2% to 4% as a result. If Focus media [...]
Price Volume Alerts: Macau Casino Plays (LVS, WYNN, MPEL)
Casino stocks, particularly those with a Macau angle are active in trading today. There are concerns that Singapore’s government will enter a venture to take over the Las Vegas Sands Corp. (NYSE: LVS) resort in Macau if the company is unable to fight off loan defaults. As Wynn Resorts (NASDAQ: WYNN) is supposed to be [...]
Price/Volume Tanker: Focus Media (FMCN)
Focus Media Holding Ltd. (NASDAQ: FMCN), a Chinese advetising agency for online, outdoor, and print ads, is seeing its stock getting crushed this morning. Shares are down 34% at $10.69 as 8:38 AM EST this morning after the company posted earnings. Unfortunately it gave light earnings and issued weak guidance for the quarter ahead. The [...]
Price Tanker: Sangamo (SGMO)
Sangamo Biosciences Inc. (NASDAQ: SGMO) is seeing its stock crushed this morning. The biotech’s nerve drug aimed at treating diabetic pain failed a mid-stage trial. This has prompted at least two analyst downgrades this morning: Sangamo Cut to Neutral at Merriman Curhan Ford; Cut to Sell at Piper Jaffray. The small cap biotech is seeing [...]
Major Price/Volume Surge: Optimer Pharmaceuticals (OPTR)
Optimer Pharmaceuticals, Inc. (NASDAQ: OPTR) is soaring in early hours trading today. The stock is indicated up 85% at $8.51 on almost 40,000 shares at 8:27 AM EST after the company said that its antibiotic to treat hospital (and long-term care and community) acquired infection met the main goal of achieving clinical cure. Its results [...]
Downward Volume Surge: Goldman Sachs (GS)
Goldman Sachs Group inc. (NYSE: GS) better go ahead and announce whatever bold new strategy it wants to do as a bank holding company. This stock is down another 7.6% at $71.88 on active volume. At 10:57 AM EST it has seen 15.7 million shares trade hands, yet its average daily volume is about 22.6 [...]
Massive Volume Spike: XenoPort (XNPT, GSK)
XenoPort, Inc. (NASDAQ: XNPT) is generally a thin volume stock, but that is changing today. The company is seeing milestone payments from GlaxoSmithKline (NYSE: GSK) delayed because of the Solzira new drup application withdrawal. Solzira was a drug to treat restless legs syndrome, and now regulators requested the data in a single study to be [...]
Price/Volume Spike: Stem Cell Stocks (GERN, STEM)
We are seeing a sharp rise in stem cell stocks right after the open today. Geron Corporation (NASDAQ: GERN) said that its scientists and collaborators have demonstrated that a small molecule telomerase activator called TAT2 enhances the antiviral function of immune cells from HIV+ donors. Gern shares were up much more out of the chute [...]
Price Volume Spike: DryShips (DRYS)
DryShips, Inc. (NASDAQ: DRYS) is surging… at 9:34 AM EST we have seen a 9% gain to $15.05 on 705,000 shares. The reason is pretty simple….. China’s bailout stimulus package of $586 billion over two years. Shippers have been killed while China has gone off the world markets. this trades an average of 4.5 million [...]
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