Volume Spike Investor

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 [...]

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.  [...]