Archive for March 17th, 2009

Volume Spike: Secondary Breaks Wynn (WYNN)

Wynn Resorts Ltd. (NASDAQ: WYNN) is not down a huge amount, but it is when you consider the stock was north of $21 just yesterday.  The company priced a 9.6 million share secondary offering (larger than 7 million noted previous from filings), so you can bet that the volume will be high today.  At 9:47 [...]

Volume Tanker: Energy Conversion Devices (ENER)

Energy Conversion Devices (NASDAQ: ENER) is getting slapped and slapped hard this morning.  Last night it gave a warning that prior guidance was being dropped, it was cutting jobs, cutting production, and slowing capacity.  So much for the love of solar, even if this one was already down more than 75%.  Shares are down 26% [...]

Volume Spike: Cisco (CSCO)

Cisco Systems, Inc. (NASDAQ: CSCO) is trading up after Goldman Sachs decided it likes yesterday’s unified computing push.  Goldman has added the technology giant to its prized CONVICTION BUY LIST with an $18.00 target.  In the last 5 trading days this one has rallied more than 10%, and shares are up almost 2% at $15.70 [...]