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 [...]
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