Archive for August 19th, 2009

Rambus Rumors Drive Stock/Options Volume (RMBS, NVDA)

Rambus Inc. (NASDAQ: RMBS) is up over 7% at $18.55 at 2:00 PM EST on 3.6 million shares.  This already represents 140% of average daily volume and the reasons cited are rumors of a settlement on a case with NVIDIA Corporation (NASDAQ: NVDA).  Be advised that this move now has Rambus at the higher-end of [...]

Elevated Call Option Trading in Cameco (CCJ)

We have seen some elevated call option activity in Cameco Corp. (NYSE: CCJ), Canada’s top nuclear and uranium play.  The SET-2009 CALLS have been active while the stock has not. So far we have 577,000 shares traded as of 11:15 AM EST and shares are up 0.5% at $28.25 vs. an average daily volume of [...]

Cerus Sees Swiss Eureka (CERS)

Cerus Corporation (NASDAQ: CERS) is seeing a surge after announcing that the Swiss regulatory body called Swissmedic has approved the use of platelet components treated with Cerus’ INTERCEPT Blood System. The company noted that this approval extends permitted storage time for platelets to seven days with INTERCEPT treatment, compared to five days without treatment.  Be [...]

Offering Weighs on EnerSys (ENS)

EnerSys (NYSE: ENS) is starting to indicate much lower share prices but volume is elusive.  The company announced that affiliates of Metalmark Capital LLC and certain other institutional investors have agreed to sell 3,200,000 shares of its common stock to Goldman, Sachs & Co.  All of the funds will be received by the selling stockholders [...]

Century Aluminum Spanking (CENX)

Century Aluminum Company (NASDAQ: CENX) is getting clipped this morning after yesterday’s gains.  Today’s  weakness may be more market-related and Alcoa-induced.  We have shares down 6.6% at $10.77 as of 8:34 AM EST on 20,000 shares.  This traded almost 6 million shares on average per day and the 52-week range here is $1.04 to $51.46 [...]

Looking for Support Levels in Hewlett-Packard (HPQ)

Hewlett-Packard Company (NYSE: HPQ) is already throwing up a trading alert for day traders this morning.  Some may be the market weakness indicated, but some is on the needed sell-off after you look at how much H-P ran up ahead of yesterday’s earnings reports.  Shares are down 2% at $42.98 on over 200,000 shares as [...]

Gentium Already Trades Full Day's Volume by 8:30 AM (GENT)

Gentium S.p.A (NASDAQ: GENT) is surging on reports of its Phase III treatment trial of Defibrotide for severe veno-occlusive disease.  The trial was designed to evaluate the safety and efficacy of 25 mg of Defibrotide for the treatment of severe veno-occlusive disease in hematopoietic stem cell transplant patients and showed strong trends in favor of [...]

BB&T Offering Trumps S&P Boost (BBT)

BB&T Corp. (NYSE: BBT) is indicated lower in early trading.   The report came out after yesterday’s close that a 33.45 million share secondary offering was priced at $26.00 per share on Monday to raise close to $900 million and other stories morning’s reports noted that BB&T could raise $1 billion in the offering (presumably after [...]

Alcoa Stung by Downgrade (AA)

Alcoa, Inc. (NYSE: AA) was already under pressure with the market this morning, but a downgrade is hurting the stock.   Goldman Sachs cut the aluminum giant to “Neutral” from “Buy” and this is adding further pressure.  Before the 8:00 AM EST pre-market level we are seeing shares trade down close to 4% around $12.42 [...]