Archive for January 29th, 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 [...]