Archive for May, 2009

Volume Spike: OceanFreight Looking Like DryShips (OCNF, DRYS)

OceanFreight Inc. (NASDAQ: OCNF) has all the earmarks of DryShips, Inc. (NASDAQ: DRYS), save its size.  It has almost the same degree of volatility in its 52-week range, is actively traded, is still a small cap stock (Micro-cap in this case), is in the same sectors of shipping, and its headquarters is in Greece with [...]

India ADR/ETF Election Winners on Volume (PIN, EPI, IIF, IFN, INP, INFY, IBN, REDF, SAY SLT, TTM, WIT)

Many stocks and funds are surging on active volume after India’s Bombay Stock Exchange soared after the election results giving the Congress party a victory over the Communists.  These are the big winners we have seen in ETF’s, closed-end funds, and the active ADR’s that trade here in the US. PowerShares India (NYSE: PIN) up [...]

Pre-Market Price/Volume Surge: XOMA Ltd. (XOMA)

XOMA Ltd. (NASDAQ: XOMA) is surging this morning after a late-day run on Thursday. On Thursday, Xoma announced that its bacterial cell expression (BCE) technology licensee UCB S.A. has received FDA approval to market CIMZIA(r) for the treatment of moderate to severe rheumatoid arthritis in adults. XOMA will receive royalty payments on sales of CIMZIA [...]

Pre-Market Volume Gainer: Exelixis (EXEL)

Exelixis, Inc. (NASDAQ: EXEL) is trading up sharply early this morning on word from last night’s ASCO abstract that that its cancer study was very promising for brain cancer patients.  Shares were up 35% last night at the after-hours peak in thin volume, and this morning we have shares indicated up almost 23% at $5.55 [...]

After-Hours Volume Spike: Yahoo! (YHOO)

Yahoo! Inc. (NASDAQ: YHOO) saw its stock surge in the after-hours session.  Jim Cramer changed his extremely negative stance he has had forever.  This has sent shares up in the after-hours trading session.  Shares closed up 1.6% at $14.76 in the regular session, and the shares rose by almost 4% to $15.34 (at 6:57 PM [...]

Volume Spikes: DigitalGlobe & GeoEye (DGI, GEOY)

DigitalGlobe (NYSE: DGI) has just opened for trading.  Indications were $20 to $23 early after a $19.00 pricing.  It printed as high as $25.00, but at 10:01 AM EST shares are at $21.68 on over 5.5 million shares.  The total IPO was 14.7 million shares.  GeoEye (NASDAQ: GEOY) is the top competitor, and its shares [...]

Volume Spike: Nektar Therapeutics (NKTR)

Nektar Therapeutics (Nasdaq: NKTR) has confirmed that the FDA has approved Cimzia® for the treatment of adult patients with moderately to severely active rheumatoid arthritis.  Shares are suring and are up 12% at $5.69 as of 9:55 AM EST on some 660,000 shares.  That is actually just over a full day’s average daily volume, and [...]

VOLUME SURGE: Rambus (RMBS)

Rambus Inc. (NASDAQ:RMBS) is seeing a surge in trading this morning after the FTC issued an order dismissing the remainder of its case against Rambus. You can see the full details at 24/7 Wall Street. As of 9:15 AM EST we have seen RMBS trade at $11.98, up 11% on active trading of some 335,000 [...]

Exponential Volume Surge: On2 Technologies (ONT)

Shares of On2 Technologies Inc. (ONT) are surging on exponential volume today.  The company signed a pact with NetEase, a Chinese Internet technology company.  NetEase is supposed to be one of the top sites by home page views and it will deploy On2′s VP6 encoding format and Flix Engine transcoding software “in a number of [...]

VOLUME SPIKE: Pacific Ethanol (PEIX)

Pacific Ethanol, Inc. (NASDAQ: PEIX) has just seen a severe volume surge this morning.  Unfortunately, not on the good side.  It posted a loss on declining volunmes and on declining sales prices.  It is also on the verge of bankruptcy if it cannot shore up liquidity or raise financing.  FULL DETAILS at 24/7 Wall Street. [...]