Archive for July 16th, 2009

Price/Volume Alert: Angiotech (ANPI, BSX)

Angiotech Pharmaceuticals, Inc. (NASDAQ: ANPI) has just exploded in trading volume and popped in price.  Shares as of 12:55 PM EST have seen 1.065 million shares trade hands, and the gain in 17% at $1.68.  Angiotech’s 52-week range is $0.10 to $3.00 and it trades an average of 2.5 million shares per day. NEWS:  While [...]

VOLUME ALERT: Stec Inc. (STEC)

Stec Inc. (Nasdaq: STEC) shares are up about 12 percent to $13.95 on more than double the stock’s average volume by about 11:30 a.m. Eastern. the flash memory storage company signed a $120 million deal with one of its largest customers to supply solid-state drives in the second half of 2009. The company did not [...]

PREMARKET ALERT: Mosaic Co. (MOS)

Mosaic Co. (NYSE: MOS) shares are up roughly 12 percent to $50 on early premarket volume of about 20,000 shares. Speculation is rising that Vale SA (VALE) may make a $25 billion bid for Mosaic, following a report in the publication Estado. Some other agriculture and fertilizer stocks are rising in premarket trading on the [...]

EARLY EARNINGS MOVERS TO WATCH (NOK, JPM, CTAS, XLNX, PLCM)

Following are the Top 5 stocks to watch this morning, following earnings reports: Nokia (NYSE: NOK) shares are down 9% to $14.18 in early premarket trade. The company this morning met EPS expectations, but sales were lighter than consensus. The company expects industry mobile device shipments in Q3 to be at Q2 levels, or up [...]

PREMARKET ALERT: Sterlite Industries (SLT)

Sterlite Industries (NYSE: SLT) shares may see a volume spike lower after the India-based metals and mining company raised about $1.5 billion by selling American Depository Shares in an offering priced at $12.15, or about a 6 percent discount to the company’s closing price on Wednesday. — Mike Tarsala

PREMARKET ALERT: CIT Group (CIT)

CIT Group (CIT) shares are likely to see a volume spike Thursday after newspaper reports suggest that a government bailout might not be cards, and talks reportedly broke down. That said, its failure to secure government funding is not expected to take down the market, as stocks in Europe are trading only modestly lower. The company on [...]