Analyst Call Stock Gappers (ARNA, XOM, OXY, SPWRA, KG, LM, POWI)
There are several stocks this morning seeing rather large moves based on analyst calls rather than on news out of the companies themselves. These are the price change indications as of 8:25 AM EST: Arena Pharmaceuticals (NASDAQ: ARNA) Cut to Sell from Hold at Canaccord Adams; shares down almost 4%. Exxon Mobil (NYSE: XOM) Started [...]
FAS/FAZ Volume May Change Ahead (FAS, FAZ)
Direxion has leveraged ETF’s which have become the go-to trading instruments for traders and investors. The Direxion Financial Bull 3X Shares (NYSE: FAS) is the triple-bullish leverage ETF for financial stocks. This has become such an actively traded ETF with such a low share price that it now commands some of the largest percentages of [...]
Dual Action Volume Spike: Focus Media (FMCN)
Focus Media Holding Ltd. (NASDAQ: FMCN) is seeing a major surge this morning. The company announced a restructuring of its frame advertising unit. Since Jason Jiang’s resumption of his position as CEO on January 26, he has taken charge of daily operations of the Framedia division and taken measures to restructure the management team and [...]
PRICE/VOLUME SPIKE: Stem Cells on Obama (ASTM, CYTX, GERN, STEM, KOOL)
Stem Cell stocks are flying this morning after the Friday evening news that President Obama is signing an executive order to lift the Bush ban on funding for embryonic stem cells. These are the price moves as of 8:19 AM EST: Aastrom Biosciences, Inc. (NASDAQ: ASTM) +87% at $0.62 Cytori Therapeutics, Inc. (NASDAQ: CYTX) +38% [...]
Genentech Causes Flurry of ETF Buying (DNA, BBH, XBI, IBB)
There is a hidden twist in the increased merger price that Genentech Inc. (NYSE: DNA). Sure, Genentech shares spiked huge on the news. But what is interesting here is that the BIOTECH ETF’s which track the sector are spiking on the news: Biotech HOLDRs (AMEX: BBH) is up 3.8% at $62.45 on 344,000 shares at [...]
Exponential Volume Surge: Blockbuster (BBI)
It looks like there are reports showing that Blockbuster Inc. (NYSE: BBI) has hired a law firm to explore bankruptcy protection. This stock was lower on the day, but a few minutes ago this rolled over and died. Shares are down over 75% at $0.22 and we have seen more than 12 million shares trade [...]
Exponential Price/Volume Alert: ICT Group, Inc. (ICTG)
ICT Group, Inc. (NASDAQ: ICTG) is trading up a monster percentage today on a takeover offer. This is a very thin volume stock which even with 45,000 shares at 9:39 AM EST is above its average daily volume. Aegis has proposed a cash acquisition of ICT Group at $8.00 per share. This closed at $3.60 [...]
Volume Spike: MOSAIC (MOS)
Mosaic Co. (NYSE: MOS) is getting slapped around this morning. This rose over 8% Friday on an otherwise awful market day and its call option activity was through the roof. With a minute until the open, we have shares down almost 5% at $40.96 on close to 63,000 shares in pre-market trading. The reason for [...]
Trader Radar: Top Pre-Market Gainers (ARCC, ATPG, PWRD, ALTH, ATHN)
These are the top pre-market movers early this Monday morning: Ares Capital Corporation (ARCC) closed Friday at $3.60 and is trading at 8:42 AM EST at $4.20 on 5,500 shares. ATP Oil & Gas Corporation (ATPG) closed Friday at $3.49 and is trading at 8:42 AM EST at $3.89 on 15,855 shares. This follows the [...]
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