Volume Spike Investor

Suncor Energy Inc. (NYSE: SU) is seeing massive bullish action with more than 10,000 August $31 calls trading and 5,500+ August $32 calls trading against minimal open interest, almost all the action offer side.  Shares have broken back above all major EMAs with potential resistance at $34.60, the 200 week EMA.  Suncor is currently involved [...]

Yahoo Inc. (Nasdaq: YHOO) shares are up nearly 3 percent to $16.65 on premarket volume of nearly 100,000 shares. The stock may be gaining on comments Google had on its conference call regarding the return of large online advertisers in the first quarter. Oppenheimer this morning noted that it now has greater confidence that Google [...]

 
BioCryst Pharmmaceuticals Inc. shares are up 32 percent to $5.60, on premarket volume of more than 100,000 shares. The company posted positive results from two Phase III studies of intravenous peramivir in patients with seasonal influenza. The studies were sponsored by BioCryst’s partner Shionogi & Co and conducted during the 2008-2009 influenza season. — Mike [...]

IBM (NYSE: IBM) shares are up more than 1 percent to $112.25 in light early premarket volume of fewer than 10,000 shares. The company beat earnings expectations by 30 cents a share last night, and guided fiscal 2009 EPS above analyst consensus. The company cited in part its productivity efforts for margin improvements. — Mike [...]

Cubist Pharmaceuticals Inc. (Nasdaq: CBST) shares rose more than 3 percent to $17.90 after hours. The company beat EPS expectations by 12 cents a share, reported in-line revenue that rose nearly 29 percent from the same period a year earlier. and reaffirmed guidance for fiscal 2009. — Mike Tarsala

Citigroup Inc. (NYSE: C) shares are up about 1 percent to $3.06 on early premarket volume of nearly 800,000 shares, following its earnings report. The company reported EPS of 49 cents a share, which does not appear to be comparable to the analyst consensus of a loss of 37 cents, due to $11.1 billion in [...]

CIT Group Inc. (NYSE: CIT) shares are up nearly 40 percent to $0.53 on early premarket trading of 75,000 shares. The company said this morning that its board and management are continuing to evaluate alternatives to improve liquidity, and that the company is in discussions with potential lenders to secure financing. Meanwhile, the NY Post [...]

Bank of America (NYSE: BAC) shares are down more than 2 percent to $12.86 in early premarket volume of 3.3 million shares. The company said credit losses were higher than in the prior quarter. Reserves were increased by $4.7 billion. Its card services business posted a net loss of $1.6 billion. The company still beat [...]