Archive for August 3rd, 2009

CIT Price/Volume Alert (CIT)

CIT Group Inc. (NYSE: CIT) has seen its shares halted for news pending, and then they reopened higher after it has amended its pending tender offer for its $1 billion of Floating Rate Senior Notes due August 17, 2009.  Notes under the new amended tender will receive the amended purchase price of $875 in cash [...]

Exponential Volume in Keryx (KERX, AEZS)

Keryx Biopharmaceuticals, Inc. (NASDAQ: KERX) is up huge after the company announced an agreement with the FDA on a Special Protocol Assessment for its Phase 3 Trial of KRX-0401 in the treatment of multiple myeloma.  KERX is up almost 50% from this morning’s news and we have seen almost 9.9 million shares trade hands as [...]

Exponential Volume Surge: Transcept Pharma (TSPT)

Transcept Pharmaceuticals, Inc. (Nasdaq: TSPT) is seeing a gain of more than half  on an exponential volume alert surge.  The company and Purdue Pharmaceutical Products L.P. entered into an exclusive license and collaboration agreement to commercialize Intermezzo in the United States. If this is approved by the FDA it has the potential to be the [...]

Chart/Volume Alert: Fuqi International (FUQI)

Fuqi International, Inc. (NASDAQ: FUQI) is trading up again this morning. We have shares up 3.6% at $25.00 on about 10,000 shares as of 8:58 AM EST. This is more of a chartist alert for the Chinese jewelry player as it was named to the top slot as #1 on the IBD 100 over the [...]

Price/Volume Alert: Oncothyreon Inc. (ONTY)

Oncothyreon Inc. (NASDAQ: ONTY) is a rare stock for volume alerts. It showed clinical data relating to long-term treatment with Stimuvax were presented at the International Association for the Study of Lung Cancer’s 13th World Conference on Lung Cancer in San Francisco over the weekend. As of April 2009, 10 of the 16 studied patients [...]

Price/Volume Action in eBay (EBAY)

eBay Inc. (NASDAQ: EBAY) is trading up after it was noted as the cover story for Barron’s this weekend.   The publication said that the company is becoming more like Amazon, but is more profitable.  Also noted was that Skype and PayPal were a shareholder bonus.  Shares are up 4.5% at $22.20 on about 60,000 shares [...]

Price/Volume Alert: Humana (HUM)

Humana Inc. (NYSE: HUM) is seeing some strong trading indications in early trade indications.  The health insurer reported that its second-quarter profit rose by 34% to $1.67 EPS on higher premiums from Medicare and commercial insurance programs.  Thomson Reuters had estimates at $1.64 EPS. While membership was down 10% in its plans, the company said [...]

Major Price/Volume Alert: Repros Therapeutics (RPRX)

Repros Therapeutics Inc. (NASDAQ: RPRX) was already a low-priced stock, but shares are getting hammered after it announced that it is voluntarily suspending dosing of all patients in its clinical trials of Proellex in the interest of patient safety. The company said that suspension of dosing will involve all ongoing clinical trials with Proellex for [...]

Major Volume Alert: Savient Pharma (SVNT)

Savient Pharmaceuticals (NASDAQ: SVNT) is among the worst performers on an FDA disappointment.  The company has received a complete response letter from the Food and Drug Administration.  The FDA said that it can not approve the company’s Biologics License Application for Krystexxa at this time as a treatment for chronic gout in patients refractory to [...]

Massive Price/Volume Alert: Huron Consulting (HURN)

Huron Consulting Group Inc. (NASDAQ: HURN) is getting destroyed as the worst pre-market stock.    UPDATE at 8:25 AM EST: almost 800,000 shares have traded hands and shares are down a sharp 69% at $13.70… this will be an exponential volume mover even by the open. We have only seen 25,000 shares trade hands as of [...]