Archive for July 1st, 2009

Volume Alert: Ford Motor (F)

Ford Motor Co. (NYSE: F) shares are up 2 percent near $6.20 a share, and have climbed roughly 20 cents shortly after noon on Wednesday on a volume spike of more than 5 million shares. The company announced at around 12:20 p.m. Eastern that its June auto sales fell 10.9% from the same month a [...]

Major Price/Volume Alert: Pier 1 (PIR)

Pier 1 Imports Inc. (NYSE: PIR) saw a sudden spike higher late in the morning.  The company’ CEO spoke at an annual meeting and said that the first month of the new quarter is running better than internal projections.  The company has also approved a par value reduction to accommodate a reverse split as well; [...]

Premarket Alert: Immersion Corp. (IMMR)

Immersion Corp. (Nasdaq: IMMR) shares are down more than 20 percent on nearly 50,000 shares volume as of 9:10 Eastern this morning, after the company announced an investigation into previous revenue transactions in its medical business. The company’s audit committee has not yet determined the impact, if any, to Immersion’s historical financial statements. As a [...]

Gold stocks remain on close watch ahead of data (DROOY, GOLD, AU, AUY)

Gold stocks that took a hit in yesterday’s trading following a disappointing consumer confidence number that sent the dollar higher and many commodities lower are rebounding in premarket trade this morning, ahead of expected reports this morning on construction spending and pending home sales that may broadly affect commodities. Spot gold is rebounding about $4 [...]

Premarket Alert: IncrediMail (MAIL)

IncrediMail Ltd. (Nasdaq: MAIL) shares are up 8 percent on a premarket volume spike after the company said it’s reached a deal to use Google Inc.’s (Nasdaq: GOOG) Adsense advertising platform for two additional years. The Israeli company’s stock had risen nearly 18 percent in trading in Tel Aviv. The platform allows the company monetize advertising [...]

Premarket Alert: Spectrum Pharmaceuticals (SPPI)

Spectrum Pharmaceuticals Inc. (Nasdaq: SPPI) Inc. shares are down roughly 8 percent on nearly 60,000 shares traded as of 8:15 a.m. Eastern. The company announced early this morning that it will raise $21 million from institutional investors at $7.15 a share. The stock had been trading near $7.65 a share. — Mike Tarsala

Premarket Alert: Novavax active for a second session (NVAX)

Shares of vaccine maker Novavax Inc. (Nasdaq: NVAX) are rising in premarket trading, seeing some continued buying a day after Spanish health authorities licensed its technologies to make pandemic and seasonal flu vaccines. The stock had risen more than 30 percent yesterday on the news. Boutique research firm Rodman and Renshaw raised its target on [...]

Premarket Alert: AMAG Pharmaceuticals (AMAG)

AMAG Pharmaceuticals Inc. (Nasdaq: AMAG) are up about 6 percent with more than 17,000 shares traded as of 8 a.m. Eastern this morning, after the FDA approved the company’s Feraheme drug as an iron replacement therapy for patients with chronic kidney disease. The approval removes an overhang for the company. It first sought FDA approval [...]

Swiss banks are stocks to watch on Wednesday (UBS, CS)

UBS shares (NYSE: UBS) shares are ones to watch Wednesday, as hope of a settlement in a suit that seeks to make the company identify potential U.S. tax evaders with Swiss accounts appears to be fading. The Justice Department said in a Florida court brief that it will seek to enforce tax compliance with the [...]

Premarket Alert: Myriad Genetics (MYGN)

Myriad Genetics (Nasdaq: MYGN) shares are down more than 15 percent on very strong premarket trading volume as of 7:40 a.m. Eastern. The company last night said it expects fiscal Q4 revenue of $86 million, shy of the $91.6 million analysts had anticipated, citing high unemployment and patients cancelling or delaying doctor visits. Several analysis [...]