Archive for February, 2009

Price/Volume Spike: WYNN RESORTS (WYNN)

Wynn Resorts Ltd. (NASDAQ: WYNN) posted earnings of $0.13 EPS rather than the $0.40 EPS target from analysts.  This one has already been battered and tattered, but just like the tee-shirt says: “The beatings will continue until morale improves.”  Morale doesn’t have to improve in the casinos.  The beatings look like they are just going [...]

Volume Spike: First Solar Spanking (FSLR)

First Solar, Inc. (NASDAQ: FSLR) originally traded up after essentially blowing away its earnings expectations for Q4-2008.  But the company said that the near term has never looked more challenging.  This has shares down over $20.00 from the after-hours highs seen before guidance-light was issued.  This closed up at $137.68 yesterday, then went as high [...]

Price/Volume Spike: Rambus (RMBS)

Rambus, Inc. (NASDAQ: RMBS) is trading up significantly higher in early hours trading.  The Hynix case went in its favor and Hynix has to pay royalties on sales of SDR SDRAM and DDR DDRAM that were made used or sold in the U.S. after December 31, 2005.
As of 8:07 AM EST This has traded 10,400 [...]

Exponential Volume Spike: Nova Chemicals (NCX)

Nova Chemicals Corp. (NYSE: NCX) is seeing an exponential price gain today on an exponential volume spike.  The company is being acquired by International Petroleum Investment Company for US$6.00 per share in a deal valued at roughly $2.3 billion if you include the debt.  FULL DETAILS at 24/7 Wall St.
Nova’s stock is up a whopping [...]

Volume Spike: DryShips (DRYS)

DryShips Inc. (Nasdaq: DRYS) is seeing a rather large surge in trading volume this morning.  The culprit is an analyst upgrade.  Oppenheimer raised its prior Underperform rating to a “Perform” rating.  That isn’t exactly a huge endorsement like an “outperform” rating would have been, but it also removes one more sell-bias from the analyst community.  [...]

Volume Spike: SIRIUS (SIRI)

Sirius XM Radio Inc. (NASDAQ: SIRI) is hardly trading on exchange lists right now, but you can expect that won’t be the case on Wednesday.  Unless it is halted.  Reports have the company filing for bankruptcy protection or “near to” filing. FULL REPORT at 24/7 Wall St.
Due to its low price and lack of interest [...]

Volume Spike: Harley-Davidson, on Warren Buffett (HOG)

Harley-Davidson Inc. (NYSE: HOG) has seen a major move today after announcing a $600 million bond offering.  The unsecured debt sale was probably fine on its own, but it was disclosed that Warren Buffett via Berkshire Hathaway Inc. is taking down part of the offering.  The rates are high here, but that is often what [...]