VOLUME ALERT: EZchip Semicoductor (EZCH, JNPR)
EZchip Semiconductor Ltd. (Nasdaq: EZCH) shares are down more than 4 percent to $13.15 and have traded more than their average daily volume by 11:30 Eastern, as the stock may be losing some of its luster among momentum traders. The stock had been recommended by CNBC’s Jim Cramer in recent weeks, and now is seeing [...]
VOLUME ALERT: Infosys Technologies (INFY, WIT)
Infosys Technologies Ltd. (INFY) shares are down about 2% with more than 75% of their average daily volume changing hands as of 11:15 Eastern. The company reports earnings on July 10. A new budget proposal in India was roundly booed by shareholders, as the Sensex fell 5.8%. The new budget included a proposed one-year extension [...]
VOLUME ALERT: Blackbaud Inc. (BLKB)
Blackbaud Inc. (Nasdaq: BLKB) shares are down more than 8 percent to $14.71, with more than half the stock’s average daily volume changing hands as of 11 a.m. Eastern. The company’s stock was downgraded by Jefferies & Co. early this morning, over concerns about continued license sales weakness to nonprofit customers and worries that large-ticket [...]
Chip equipment makers see unusual volume (NVLS, KLAC, LRCX)
Novellus Systems Inc. (Nasdaq: NVLS) shares are nearly unchanged from Thursday’s closing price at $17.57, but have traded nearly 75% of their average daily volume in the first two hours of trading. The chip-equipment maker’s price target was raised to $19 from $9.50 by Credit Suisse this morning, based on expectations of strong end-demand. Novellus [...]
VOLUME ALERT: Mercury Computer (MRCY, RTN, NOC)
Mercury Computer Systems (Nasdaq: MRCY) shares are up about 13 percent, above $10 a share with half its daily volume traded as of 10:15 a.m. Eastern after Northrop Grumman Corp. (NYSE: NOC) on Friday said it successfully demonstrated the electronic protection capabilities of the F-35 Joint Strike Fighter’s radar system in a military exercise.
Mercury Computer [...]
VOLUME ALERT: Protalix BioTherapeutics (PLX)
Protalix BioTherapeutics Inc. (NYSE: PLX) shares are up 27 percent on volume of about 33,000 shares (half its daily average near the open) after the company said the FDA wants it to submit a treatment protocol for its experimental Gaucher disease drug to help offset a likely shortage of a Genzyme Corp.’s (Nasdaq: GENZ) Cerezyme drug.
Genzyme [...]
VOLUME ALERT: Data Domain (DDUP, NTAP, EMC)
Data Domain Inc. (DDUP) shares are up 2.5% to $34 on 1.5 times average trading volume early Monday after EMC Corp (NYSE: EMC) raised its bid for Data Domain to $33.50 a share in cash, or $3.50 a share more than it was willing to pay previously.
EMC adds that it has received regulatory approval from [...]
VOLUME ALERT: Force Protection (FRPT, OSK)
Force Protection Inc. (FRPT) shares are up about 5 percent on volume of about 90,000 shares at the opening of Nasdaq trading. The company announced contracts for both Phase 1 and Phase 2 installation of specifically redesigned TAK-4 independent suspension kits for 1,317 Cougar MRAP vehicles.
Note our post last week involving a contract win for [...]
PREMARKET ALERT: Geron (GERN)
Geron shares are up more than 5 percent to more than $8 in premarket trading at about 9:15 Eastern, on volume of about 160,000 shares.
The company published data showing that dendritic cells made from human embryonic stem cells show the normal functions of naturally-occurring human dendritic cells found in the bloodstream. The company says the [...]
PREMARKET ALERT: Dendreon (DNDN, SNY, BMY, GSK)
Dendreon (Nasdaq: DNDN) shares are among the market’s most active in the premarket as of 9 a.m. Eastern, up more than 5 percent with nearly 80,000 shares traded, following a price target increase at a boutique research firm.
Meriman reiterated a Buy rating and raised its target on Dendreon to the $49 to $50 range, up [...]
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