Archive for January, 2009

Hewitt & Neogen Win On Index Changes (HEW, NEOG, DSCP)

Standard & Poors is making some index changes in the S&P MidCap 400 and the S&P SmallCap 600 that will take effect next week. We have more details, but the index additions are as follows:

ADD Hewitt Associates Inc. (NYSE: HEW) in S&P MidCap 400
ADD Neogen Corp. (NASDAQ: NEOG) in S&P SmallCap 600

Volume Spike: Video Display Corp. (VIDE)

This may be a false volume spike.  But NASDAQ showed that Video Display Corporation (NASDAQ: VIDE) was one of the most active stocks in pre-market trading.  It showed a huge price spike on more than 100,000 shares.
But after looking at the stock quote and the bid/ask spread, it looks like there could just be some [...]

Price/Volume Surge: Sepracor (SEPR)

Sepracor, Inc. (NASDAQ: SEPR) is surging pre-market on its earnings news. The R&D-based respiratory and nervous system drug company posted positive earnings and gave favorable guidance for 2009.  The company is also cutting 20% of its workforce or some 530 jobs to trim its operating cost structure ahead.
Shares are up over 10% at $15.00 on [...]

Volume Spike: Qualcomm (QCOM)

Qualcomm (NASDAQ: QCOM) is getting shelled pre-market.  The stock is lower after its Q1-2009 disappointing report was marred by weaker revenue guidance despite “surprisingly strong CDMA and 3G demand.”  Bank of America-Merrill Lynch said it believes the company is just being overly conservative on guidance with lowered numbers and said QCOM remains one of the [...]

Pre-Market Volume Spike: DryShips, A Tanker (DRYS)

DryShips, Inc. (NASDAQ: DRYS) is seeing its shares get killed like its ships are sinking on the high seas.  Shares are down a sharp 25% to $9.10 in active pre-market trading.  Oppenheimer downgraded the stock this morning to an “Underperform” rating.  It appears that the shipper is now outside of some of iuts debt covenants [...]

Exponential Volume Spike: CV THERAPEUTICS (CVTX)

CV Therapeutics, Inc. (NASDAQ: CVTX) is seeing a major surge in trading volume this morning.  The company’s partner, Astellas, has has sent a $16.00 buyout to the company and traders are betting that an even higher premium could be headed its way.  As 0f 8:53 AM EST we have seen a 50% pop to $17.00 [...]

Stock/Options Alert: Chesapeake Chatter (CHK, BP)

Chesapeake Energy (NYSE: CHK) is seeing some active volume in the stock options trading late in the day on market chatter that that BP plc (NYSE: BP) wants to acquire the company.  Here are the trades we saw in call option for FEB-2009 expiration with options contract volume and the prior day’s open interest:
STRIKE    Volume    [...]

Volume Spike: Microsoft Goes FUBAR (MSFT)

Microsoft Corporation (NASDAQ: MSFT) is dropping the ball in a weird way.  The company decided to issue earnings pre-market rather than late after the close of trading.  It isn’t pretty.  The full news summary is here, but it missed earnings, predicted a decline in revenues, cut cap-ex, and slashed 5,000 jobs.  And to top it [...]

Major Volume Spike: DryShips (DRYS)

DryShips, Inc. (NASDAQ: DRYS) is getting killed in pre-market trading today. The company is cutting guidance, canceling ship purchases and cap-ex, cutting its dividend, and hunkering down for what feels and sounds like a grizzly environment ahead.  NEWS SUMMARY at 24/7 Wall St.  Keep in mind that this is one of the most volatile stocks [...]

Massive Volume Spike: Omnicell (OMCL)

Omnicell Inc. (NASDAQ: OMCL) is getting absolutely crushed today.  Shares are down some 33% at $6.91 as of 9:37 AM EST.  We have also seen almost 700,0000 shares trade hands, double the 343,000 average daily volume.
The company significantly lowered its guidance and is reorganizing its operations to be more “sales oriented.”
It prior 52-week trading range [...]