Archive for June 15th, 2009

Stock/Option Volume Alert: Savient Pharmaceuticals (SVNT)

Savient Pharmaceuticals, Inc. (NASDAQ: SVNT) is a stock we are seeing a huge spike in trading of its stock and options ahead of Tuesday’s FDA review of its gout drug: As of 2:30 PM EST we have seen 8.8 million shares trade hands, while the normal trading volume is only 1.85 million shares.  We are [...]

Unusual Volume Alert: SEQUENOM (SQNM)

SEQUENOM Inc. (NASDAQ: SQNM) keeps trading in mystery price and volume moves, yet there is no news from inside the company.  For that matter, there has been little from outside the company and related parties.  The initial pop last week was on rumors.  Some rumors were regarding case dismissals from the class action suits that [...]

Price/Volume Alert: Wal-Mart (WMT)

Wal-Mart Stores Inc. (NYSE: WMT) is trading lower after Goldman Sachs removed the stock from its Conviction Buy List and took its “Buy” rating down to a “Neutral” rating.  Shares are trading down about 1.5% at $49.10 on about 25,000 shares as of 8:29 AM EST.  The 52-week trading range is $46.25 to $63.85.  The [...]