Archive for July, 2009

PREMARKET ALERT: Akamai Technologies (AKAM)

Akamai Technologies Inc. (Nasdaq: AKAM) shares are down more than 6 percent to $17.50 in premarket trading of more than 60,000 shares as of 8 a.m. Eastern. The company reported EPS of 40 cents a share, a penny less tan analyst expectations. Revenue fell nearly 3 percent to $204.6 million, below expectations of $211 million. the [...]

PREMARKET ALERT: Verenium (VRNM)

Verenium Corp. (Nasdaq: VRNM) are up 29 percent to 73 cents a share on early volume of about 1,000 shares. But it is not a stock that normally trades much in the premarket at all. The company announced a joint venture with BP (BP) to commercialize cellulosic ethanol. The company is also developing a second [...]

Unusual Option in Pre-Earnings Trading: Goodyear (GT)

Goodyear Tire & Rubber Co. (NYSE: GT) has just seen some very unusual options trading today. Normally we might not care, but this is just a day ahead of its quarterly earnings report. We have seen 25,620 contracts trade in the OCT-2009 $17.50 CALL options. The prior open interest was only 1,683 and we have [...]

Yahoo! Options See Explosive Volume (YHOO)

As of NOON EST we have seen some very off activity in the Yahoo! Inc. (NASDAQ: YHOO) stock options. We have seen more than the entire open interest of the AUG-$16 CALLS trade hands and it is only NOONEST. This is the activity in the AUGUST-2009 CALLS: Strike.. LAST…volume /Open Interest $15.00.. $0.80..7,259… 29,464 $16.00.. [...]

VOLUME ALERT: Trimble Navigation (TRMB)

Trimble Navigation (Nasdaq: TRMB) shares are trading about 11 percent higher to $23.75 on more than 3 times normal volume as of 10:45 a.m. Wednesday. The company missed earnings and revenue expectations, but showed some signs that its engineering and construction business may be stabilizing, and also lost fewer mobile solutions subscribers. — Mike Tarsala

VOLUME ALERT: Inovio (INO)

Inovio Biomedical Corporation (NYSE Amex: INO) shares are up more than 150 percent to $1.95 on 5 times average volume as of 10:15 a.m. Eastern. Traders are chasing the news reports this morning that its SynCon™ H1N1 influenza DNA vaccines achieved protection against current circulating swine origin influenza A/H1N1 viruses in animal studies. Inovio Biomedical [...]

PREMARKET ALERT: Exelixis (EXEL)

Exelixis Inc. (Nasdaq: EXEL) shares are up more than 3 percent to $6.07 in premarket trading, on  volume of about 34,000 shares as of 8:40 a.m. Eastern. There is no news out on the company, and no known new reports from analysts. Motley Fool mentioned the company rather passively in a story about biotechs being [...]

PREMARKET ALERT: Broadpoint Gleacher Securities (BPSG)

Broadpoint Gleacher Securities Group, Inc. (NASDAQ: BPSG) shares are down more than 3 percent to $6.39 as one of the most active Nasdaq premarket stocks as of 8:15 a.m., with more than 100,000 shares traded. The company announced an offering of 14 million shares from the company and 9.5 million by selling shareholders at $6.25 [...]

PREMARKET ALERT: ARM Holdings (ARMH)

ARM Holdings plc (Nasdaq: ARMH) shares are down more than 4 percent to $6.52 in very active premarket trading of more than 63,000 shares as of 8:10 a.m. Eastern. The chip design company reported second-quarter sales that fell 18 percent quoted U.S. dollars to $105.5 million. Analysts at UBS subsequently downgraded the stock to Neutral [...]

PREMARKET ALERT: Elron Electronic Industries (ELRN)

Elron Electronic Industries Ltd. (Nasdaq: ELRN) is the top Nasdaq gainers in premarket trading, up 33 percent to $6.18 on strong early volume as of 8:05 a.m. of about 56,000 shares. The company said it has received formal clearance from FDA to market its insulin MicroPump in the U.S. — Mike Tarsala