Archive for July 22nd, 2009


Novavax Inc. (Nasdaq: NVAX) shares are up 2.5 percent to $3.27 on premarket volume of about 180,000 shares just after 9 a.m. Eastern. The company said it has selected a respiratory virus candidate for additional preclinical studies to support an investigational new drug application. The company says the selected vaccine has been shown to protect [...]

Major Volume Alert: Onyx Pharma (ONXX)

Onyx Pharmaceuticals Inc. (NASDAQ: ONXX) is trading up after it and Bayer announced that their first randomized Phase 2 trial in advanced metastatic breast cancer met the primary endpoint of progression-free survival.  Shares are up 25% at $36.00 after closing at $28.69 yesterday.  At 8:28 AM EST we have already seen 500,000 shares trade hands.  [...]


CIT Group Inc. shares (NYSE: CIT) are down 6 percent to 92 cents on early premarket volume of more than 393,000 shares. The troubled small business lender said Moody’s Investors Service has placed 2009 receivable backed notes issued just a month ago from the company under review for a possible downgrade. — Mike Tarsala


Gilead Sciences Inc. (Nasdaq: GILD) shares fell more than 3 percent to $46.77 in early premarket trading of about 6,000 shares. The company posted earnings last night that beat expectations, but it said on a conference call that  U.S. wholesalers may decrease inventory levels of the company’s HIV drugs Atripla and Truvada in the second [...]

PREMARKET WATCH: Amylin Pharmaceuticals (AMLN)

Amylin Pharmaceuticals Inc. (Nasdaq: AMLN) shares fell nearly 5 percent to $12.69 on more than 100,000 shares traded after hours, and are ones to watch for a potential downside volume spike this morning. The company posted Q2 EPS last night of 36 cents a share, missing analyst expectations by a penny a share. Revenue fell 5.7 [...]


QLogic Corp. (Nasdaq: QLGC) shares fell 6 percent to $13.23 after hours, on volume of more than 200,000 shares, and are ones to watch for a potential volume spike lower this morning. The networking equipment company posted fiscal Q1 EPS last night of 20 cents a share ex items, beating analyst expectations by 2 cents a [...]


Starbucks Corp. (Nasdaq: SBUX) shares rose 9 percent to $16.04 in early premarket trading of more than 21,000 shares. The coffee chain last night posted better-than-expected fiscal Q3 results and fiscal 2009 guidance. The company posted Q3 EPS of 24 cents a share, ex items, or 5 cents above analyst consensus. Revenue fell nearly 7 percent [...]


Yahoo Inc. (Nasdaq: YHOO) shares fell more than 4 percent to $16.03 in early premarket trading of more than 34,000 shares. following disappointing guidance last night and less-than-expected search revenue. The company’s operating earnings of 16 cents a share was roughly in line with estimates. But search revenue declined 15 percent vs. analyst expectations of only [...]

PREMARKET ALERT: Advanced Micro Devices (AMD, INTC)

Advanced Micro Devices Inc. (NYSE: AMD) are down 11 percent to $3.63 on early premarket volume of more than 43,000 shares. The chipmaker reported a loss last night of 62 cents a share ex items. Analysts had been anticipating a loss of 47 cents a share. Revenue fell 13 percent from the same period a year earlier [...]


Apple Inc. (Nasdaq: AAPL) shares are up more than 4 percent in the premarket to $158.52 on volume of about 84,000 shares. The computer maker posted fiscal Q3 EPS last night of $1.35 a share, or 18 cents better than analyst expectations. Revenue rose 11.7 percent from the same period a year earlier to $8.34 [...]