Coeur d'Alene stock surges on lake dump ruling (CDE)
Coeur d’Alene CP (NYSE: CDE) sharse are up more than 8% on more than three times average volume after a late-day analyst upgrade, following a decision by the U.S. Supreme Court that gave the OK for it to dump mining waste into an Alaska lake on federal land.
The court’s decision will allow the company to [...]
Most casino stocks fall on average volume, with one exception (MPEL)
Most gaming stocks are off big today, and along with materials and commodity stocks are among the very weakest in the market.
Most are down on average or below-average volume, including Las Vegas Sands Corp. (NYSE: LVS), Wynn Resorts Ltd (Nasdaq: WYNN), Penn National Gaming Inc. (Nasdaq: PENN), and MGM Mirage (NYSE: MGM).
One exception is Melco [...]
Commodities swoon even hits the avocados (CVGW)
Shares of Calavo Growers Inc., a California farmer of avocados, has stalled near the psychologically important $20 level, and is falling on nearly 2x average volume as of 11:15 a.m. Eastern.
The small-cap momentum stock is now taking a hit along with most commodity stocks this morning.
Calavo shares have had very strong price momentum over the [...]
Extreme Price Alerts in Speculative Oils (WLL, HERO, REXX, NEP, NOG)
Small and mid-cap names in the oil patch are getting hit hard this morning, with crude now below $70 and the broad market down more than 2% percent. Whiting Petroleum Corp. (NYSE: WLL) stands out, down about 9% on unusually high volume compared to a typical morning, as of 10:30 a.m. Eastern. And shallow-water drilling [...]
Reversal Alert on Volume: Smith & Wesson (SWHC, RGR)
Smith & Wesson Holding Corp. (NASDAQ: SWHC) was hit pretty hard in Barron’s over the weekend along with Sturm, Ruger & Co. Inc. (NYSE: RGR). The weekly publication noted that shares are likely to get shot down as gun sales will slow, yet this is after a 20%+ gain on Friday on eight-times volume that [...]
Volume Alert: Lodgenet On Proposed Offering (LNET)
LodgeNet (LNET) shares are down more than 20% on more than one times average volume around 10 a.m. Eastern after the company announced a proposed private offering of $50 million worth of convertible preferred stock as Series B Cumulative Perpetual Convertible Preferred Stock. The $50 million compares to a $102 million market before dilution.
Volume Alert: Manulife Financial On Announcement
Manulife Financial Corp. (NYSE: MFC) shares are down 10% on strong volume as of 10 a.m. Eastern after the company named a new CFO and gave a financial update. The company said it expects regulators and rating agencies to demand higher capital levels going forward.
Volume Alert: China Medical, On Analyst Action (CMED)
China Medical Technologies (Nasdaq: CMED) is down more than 7%, and has traded roughly 20% of its normal volume in the first 15 minutes of trading.
Chatter among Wall Street contacts is that it was downgraded to an Equal Weight weighting at a large research firm this morning, which cited increased pricing pressures in parts of [...]
Anglo American rises premarket on deal talk (AAUK)
Anglo American PLC (Nasdaq: AAUK) shares are up more than 6% on strong premarket volume after the Wall Street Journal reported it’s been approached by Xstrata with a takeover offer. A deal could help the combined company overtake Rio Tinto PLC (NYSE: RTP) as the world’s third-most valuable miner, after BHP Billiton, Ltd (NYSE: BHP).
It’s possible that [...]
Marvell sees slight premarket spike on guidance boost (MRVL)
Marvell Technology Group (Nasdaq: MRVL) shares are up more than 2% on fairly strong premarket volume after the company guided second-quarter revenue slightly higher, citing broad improvement in its end markets.
The company said it is seeing strengthening in its customers’ business expectations. There’s also reason to beleive Marvell has increased its orders, after Barron’s cited a [...]
VS Investor RSS Feed