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SIRIUS XM Radio Inc. (NASDAQ: SIRI) has just hit a volume alert with 88% of normal volume hitting before 1 PM EST. SIRIUS XM has caught a debt upgrade from Standard & Poor’s. FULL DETAILS are available at 24/7 Wall Street. At 12:50 PM EST we have seen some 45 million shares trade hands versus [...]
Acadia Pharmaceuticals, Inc. (NASDAQ: ACAD) shares are exploding 17% higher and September calls are trading more than 11,000 contracts with buyers in the $10′s and $12.50′s as shares cross $6.25. Top line results for its Parkinson’s drug is expected by the end of Q3 for pimavanserin. Update: as of 12:12 shares are up 17% and [...]
Tianyin Pharmaceutical Co. (NYSE/AMEX: TPI) was cleared by the Chinese State Food and Drug Administration to make generic forms of medicines to treat internal bleeding and respiratory conditions. This is a $64 million market cap before the gains and has already doubled in 2009. As of 9:22 AM EST, we have shares up 20% at [...]
Melco Crown Entertainment Ltd. (NASDAQ: MPEL) is not up that much with a 1% gain to $5.32 as of 8:53 AM EST. But the stock is among the most active of pre-market stocks with over 600,000 traded as of 8:53. Average volume is 4.3 million shares. The company’s secondary offering of 38,834,950 ADSs came in [...]
BioSante Pharmaceuticals, Inc. (NASDAQ: BPAX) is up big after announcing positive safety data in its ongoing LibiGel Phase III study and it plans to continue studies and submit an FDA new drug application by mid-2011. At 8:48 AM EST we have shares up 37% at $2.45, still down over 50% from a 52-week high of [...]
GSI Commerce Inc. (NASDAQ: GSIC) is down almost 5% at $17.17 at 8:41 AM EST and we have already more than doubled the average volume for a full day with over 800,000 shares trading hands. This is on the pricing of a secondary offering at $17.00. The company doubled its part of the offering to [...]
Citigroup Inc. (NYSE: C) may not seem much of an endorsement but is reportedly being forced by regulators to hire outside consultants to evaluate whether current management is capable of rebuilding the firm. The bank will have to present a plan of possible management changes by Q3. Shares are up over 3% at $4.10 premarket [...]
Regions Financial (NYSE: RF) is up over 8% at $5.24 on 200,000 shares as of 8:21 AM EST. This trades 50 million shares a day now because of its low price, but short seller and hedge fund operator John Paulson disclosed a long stake as of June 30 and this has shares in favor.
Palm Inc. (NASDAQ: PALM) is down almost 4% at $12.37 on 81,000 shares as of 8:18 AM EST on an analyst downgrade. Morgan Joseph downgraded Palm’s stock to a SELL rating based upon the run up valuations and launch of the palm Pre smartphone. Palm trades about 12 million shares on average, so this 80,000 [...]