Archive for May, 2009

PRICE/VOLUME SURGE: Coal (FCL, ANR, KOL, PCX, ACI)

8:50 AM EST… Foundation Coal Holdings Inc. (NYSE: FCL) is being acquired by Alpha Natural Resources, Inc. (NYS:  ANR) for 1.084 ANR shares of ANR.  FULL DETAILS at 24/7 Wall Street.  FCL up 31% at $30.55; ANR shares up 2% at $29.55. FCL 52-week range is $8.53-$89.72. ANR 52-week range for Alpha is $13.93-$119.30.  Market [...]

After-Hours Volume Spike: STEC, Inc. (STEC)

STEC, Inc. (NASDAQ: STEC) posted solid revenues, earnings, and margins.  Its revenue for Q1-2009 was $63.5 million, an increase of 25.2% year over year.  It also posted on-GAAP $0.17 EPS, up from $0.07 year over year and up from $0.05 sequentially.  This compares to Thomson Reuters estimates of $58.95 million in revenues and $0.11 EPS.

After-Hours Spike: MBIA (MBI)… and even Ambac (ABK) & PMI Group (PMI)

MBIA Inc. (NYSE: MBI) is surging in after-hours trading by 16% at almost $8.00 per share on almost 800,000 shares as of 5:29 PM EST.  This is on the heels of a report that the company managed to post a profit for the quarter.  This is strong enough that it also has Ambac Financial Group [...]

Volume Spike: Cell Therapeutics (CTIC)

Cell Therapeutics, Inc. (NASDAQ: CTIC) is trading up big this morning and we have now crossed the 150% threshold of daily average trading volume.  Over the weekend, there was a report from BiomedReports calling the company’s turnaround plan as being on track.  This is after much narrower losses last week.  Shares are up 20% at [...]

Volume Spike: Anadys (ANDS), on ~200% upside analyst call

Anadys Pharmaceuticals, Inc. (NASDAQ: ANDS) is trading higher after ThinkEquity raised the rating to BUY from Accumulate with a $6.00 Target (implied up over 100% and almoist even 200% from Friday’s close).  Shares closed Friday at $2.12 and we are now seeing a $2.4 trade, up 13.68% on 118,060 as of 9:18 AM EST. -JON [...]

Down Volume Alert: DryShips (DRYS)

DryShips, Inc. (NASDAQ: DRYS) is getting spanked pretty hard pre-market.  Shares down 8.75% at $7.30 at 8:28 AM EST on over 630,000 shares. There are DJ HEADLIENS calling a “Cantor Downgrade to Sell” but this is actually a “re-downgrade call that is not new.  DRYS was cut to Sell on Friday at Cantor according to [...]

After-Hours Volume Spike: Brocade (BRCD)

BROCADE COMMUNICATIONS SYSTEMS, INC. (NASDAQ: BRCD) saw a huge spike in after-hours trading.  The reason is a Jim Cramer call on it being his #2 speculative tech stock for a basket he is doing this week.  You can see the full details on his stock touting at 24/7 Wall Street. After 7:00 PM EST we [...]

After-Hours Volume Spike in Tekelec (TKLC)

Tekelec (NASDAQ: TKLC) just popped after Jim Cramer named this stock a speculative technology stock winner on CNBC’s MAD MONEY.  He said this was his first of five picks in speculative technology picks that Cramer thinhks can continue running higher with the stock market.  We saw some 131,500+ shares trade in the aftter-hours session now [...]

Severe Volume Spike: CROCS (CROX)

CROCS Inc. (NASDAQ: CROX) is seeing its shares run very hard.  This was one of the brands which was at risk of dying, but trader chat rooms and day traders keep running this one up today and we now have seen almost a 300% rally from its absolute lows.  At 4.65 million shares as of [...]

Pre-Market Volume Alert: Dendreon (DNDN)

Dendreon Corp. (NASDAQ: DNDN) is seeing shares actively traded with a bit more profit taking.  As of 8:27 AM EST we have seen shares down 3% at $21.33 on about 78,000 shares.  The reason for the sell-off is the huge amount of insider share dumping we noticed from Friday after the close.  After a tenfold [...]