Archive for August 12th, 2009

Prana Hits Exponential Volume Alert (PRAN)

Prana Biotechnology Ltd. (Nasdaq:PRAN) has received a key patent that will allow it to have moreprotection for its Alzheimer’s candidate.  FULL DETAILS are over at  The press release hit at 10;15 and at 10:30 AM EST we have already seen 112,000 shares trade hands compared to an average volume of about 35,000 shares.  Shares [...]

Exponential Volume Alert in Petroleum Development Corp. (PETD)

Petroleum Development Corporation (NASDAQ: PETD) is seeing a flurry of trading to the downside this morning after pricing 3.75 million shares in a secondary offering at $12.00.  We show the closing bell as $13.42 yesterday and the pre-drop market cap was $199.6 million.  Sahres are down over 5% at 412.70 as 9:11 AM EST but [...]

Medarex Unusual Merger-Arb Trading Volume (MEDX, BMY)

Medarex Inc. (NASDAQ: MEDX) is very unusual to see as a volume leader but it is the most active in pre-market trading.  That likely will not last as it is likely merger-arb related after the Hart-Scott-Rodino merger review period for the Bristol-Myers Squibb (NYSE: BMY) has expired. At 9:05 AM EST we have shares up [...]

Price-Volume Alert: Garmin Ltd. on Research Call (GRMN)

Garmin Ltd. (NASDAQ: GRMN) is down over 5% after Goldman Sachs added the GPS leader to its CONVICTION SELL LIST this morning.  We have shares down at $30.85 after a $32.45 close on Tuesday as of 9:00 AM EST.  We have only seen about 10,000 shares trade hands, but you know that will pick up [...]

Volume Tanker: YRC Worldwide (YRCW)

YRC Worldwide, Inc. (NASDAQ: YRCW) is getting hammered this morning on an analyst downgrade.  The trucking company was cut to SELL from Hold over at Stifel Nicolaus.  Shares closed at $2.30 yesterday and are down around $2.11 on about 130,000 shares as of 8:27 AM EST.  The average volume is 5.9 million shares, although based [...]

Price-Volume Surge: Jazz Pharma (JAZZ)

Jazz Pharmaceuticals, Inc. (NASDAQ: JAZZ) managed to post an unexpected profit of $2.2 million for its last quarter.  Shares of the neurology and psychiatry pharmaceutical company rose by more than 10% in the post-earnings reaction and are doing even better this morning.  As of 8:22 AM EST we have seen 154,000 trade hands versus 2.5 [...]

Housing Surge?.. Toll Brothers (TOL, XHB)

Toll Brothers Inc. (NYSE: TOL) reported that its third-quarter home building revenues fell by over 40% from a year ago as the housing market continued to sag. But the builder also reported $461 million in revenues versus less than $400 million expected. More importantly, the builder said it also had a 3% gain in new [...]

Downward Price/Volume Alert: JA Solar (JASO)

JA Solar Holdings Co. (NASDAQ: JASO) posted a Q2 earnings loss of -$0.18 EPS vs. consensus of -$0.06, although that may include items.  Revenue fell by over 50% to $88 million, although that is above the estimates of $77.6 million. Gross margins were effectively chopped in half to 11.4% as well. Shares are indicated down [...]