Archive for December 2nd, 2008

Downward Volume Surge: Xenoport (XNPT)

Xenoport (NASDAQ: XNPT) said that results from a Phase 2 clinical trial of XP19986 as a treatment for the symptoms of gastroesophageal reflux disease were generally well tolerated.  Unfortunately, the study results of the primary analysis comparing XP19986 to the placebo did not reach statistical significance. Shares are getting crushed on this.  Shares are at [...]

Volume Spike: Solarfun Power (SOLF)

Solarfun Power Holdings (NASDAQ: SOLF) is being hit pretty hard pre-market on disappointing earnings.  Shares are doiwn almost 14% at $4.05 with 23 minutes until the market opens.  We have seen over 50,000 shares trade hands, and it trades more than 2 million shares per day.  Its 52-week trading range is $2.67 to $40.19. JON [...]

Volume Tanker: Tessera (TSRA)

Tessera Technologies Inc. (NASDAQ: TSRA) is still way down pre-market after it dropped a bomb in the after-hours session.  Shares had slid 9.5% yesterday to $16.62 at the close, and shares were down by 42% at $9.73 last night.  It is actually worse this morning with shares down at $9.33 with 30 minutes to the [...]