Archive for January, 2009

Price/Volume Surge: Northern Trust (NTRS)

Northern Trust Corporation (NASDAQ: NTRS) is trading up substantially pre-market.  The bank not only beat earnings, but it showed a profit and posted an earnings gain.  Shares are trading up almost 14% at $50.00 as of 9:10 AM EST on about 84,000 shares traded. This trades about 2.6 million shares per day and its 52-week [...]

BAC, C, JPM Option Volume Through the Roof

The rumors, need for capital, horrible news, and more all continue to take a toll on the financial stocks.  Today was an unbelievable day in stock options trading volume for JPMorgan Chase (NYSE: JPM), Bank of America Corp. (NYSE: BAC), and Citigroup. Inc. (NYSE: C).  We saw many many contracts in the current month of [...]

Options Volume Spike: General Motors (GM)

General Motors (NYSE: GM) is one we have not highlighted in some time for any “volume spike” activity.  We just saw a call options trade that sent up the red flag, but it might have just been an exit trade where a call option owner merely sold the option.  Here is the data we saw [...]

Price/Volume Spike: Linear Tech (LLTC)

Linear Technology Corporation (NASDAQ: LLTC) closed at $22.60 yesterday, but then came its earnings disappointment.  As of 9:11 AM EST this morning we have seen the last trade at $21.65, down some 4.2% on pre-market trading volume of 87,000 shares.  Keep in mind that this trades over 6 million shares in any given trading day, [...]

Price/Volume Alert: Bunge Ltd. (BG)

Shares of Bunge Ltd. (NYSE: LTD) have not been super-active in pre-market trading volume.  Yet….  Shares are down almost 11% at $42.85 as of 9:05 AM EST on only about 8,000 shares.  This comes on the heels of last night’s earnings warning.  Its 52-week trading range is $27.60 to $135.00. Bunge traded 4,763 shares in [...]

Downward Volume Spike: General Electric (GE)

GENERAL ELECTRIC CO. (NYSE: GE) has been under more pressure than you would have guessed on a day where no fresh news is out against the company.  Shares are down about 6.5% at $14.82 at 11:17AM EST.  The magic for this is that the move is now more than a $1.00 drop and we have [...]

VOLUME SURGE: PALM INC. (PALM)

Palm Inc. (NASDAQ: PALM) is surging right at the open on the hopes of its new PRE Phone.  A minute before the open it has seen 1.8 million shares trade with a last print at $5.20.  Average volume is only 2.5 million shares now.  This one closed at $4.45 yesterday. Another factor was the imbalance [...]

Volume Spike: Orexigen (OREX)

Orexigen Therapeutics, Inc. (NASDAQ: OREX) is getting pounded this morning.  Shares are down over 25% on almost 300,000 shares after Wall Street is looking at its impressive weight loss results in obesity patients as a disappointment.  This one only trades 350,000 shares per day and its 52-week trading range is $1.55 to $13.74. (9:28 AM_) [...]

Exponential Volume Surge: Anadys Pharmaceuticals Inc. (ANDS)

Anadys Pharmaceuticals Inc. (NASDAQ: ANDS) is surging from ongoing Phase Ib clinical trial data of its ANA598, its investigational non-nucleoside polymerase inhibitor. This is also in patients infected with chronic Hepatitis C virus where all eight patients who received ANA598 demonstrated a rapid decline in viral load, and no patients demonstrated viral rebound while on [...]

Volume Soike & Price Tanker: Nordic American Tanker (NAT, DRYS)

Nordic American Tanker Shipping Ltd. (NYSE: NAT) is geting hammered this morning on very active trading.  At 9:25 AM EST we have already seen 243,000 shares trade and the average volume is only 822,000 shares.  The price drop is a harsh one at -8.5% to $32.44.  The culprit is a questionable secondary offering. DryShips inc. [...]