Accuray Leading After-Hours Droppers (ARAY)
Accuray Incorporated (NASDAQ: ARAY) is getting its wings clipped in the after-hours session after it missed earnings by $0.01, but managed to beat revenue estimates. It posted of $0.02 EPS vs. $0.03 estimates and revenues rose 15.4% to $58.8 million vs. the $56.9 million estimates. It also guided lower for next quarter and the year: [...]
Fannie & Freddie Continue Surging (FNM, FRE)
There are a few things that are driving Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE) shares this morning. There is word that a new FICO model may actually boost some borrowers’ credit scores. That sounds like a re-lowering of the bar for credit quality. And then there is the news that the Federal [...]
Sears Taking Out Last Week's Lows (SHLD)
Sears Holdings Corporation (NASDAQ: SHLD) is seeing insult on top of injury after Barron’s panned its strategy as a losing one after its bad earnings. This was the cover story over the weekend titled “Washed Out”…. Shares are seeing a further wash-out as well. at 8:55 AM EST we have seen some 50,000 shares trade [...]
Charlotte Russe Gets A Deal (CHIC)
Charlotte Russe Holding Inc. (NASDAQ: CHIC) had its dream come true. It found a buyer and will be bought by affiliates of private equity firm Advent International. The deal is valued at about $380 million, or $17.50 per share in cash. The firm has been shopping itself since the start of the year after it [...]
SIRIUS XM Goes For 5-Days In A Row (SIRI)
SIRIUS XM Radio Inc. (NASDAQ: SIRI) is doing what many felt may have been impossible after its dismal 2007 to 2009 performance. This stock has risen four days in a row and was one of this weekend’s ‘unusual suspects’ for stocks to watch this week from 24/7 Wall Street. Now we could have a fifth [...]
Sinclair Broadcast Group Sees Day Two Surge (SBGI)
Sinclair Broadcast Group, Inc. (NASDAQ: SBGI) is indicated up strong again this morning after Benchmark raised its analyst rating to Buy from Hold after last week’s debt refinancing pushed shares up significantly higher. At 8:38 AM EST we have seen a 9.8% gain to 3.13 on roughly 25,000 shares. Volume will pick up as we [...]
ARIAD Runs Further On Confirmed News (ARIA)
ARIAD Pharmaceuticals Inc. (NASDAQ: ARIA) was up big on Friday after the close on no confirmed news. This morning the news came out that ARIAD and its co-plaintiffs announced that the Court of Appeals granted their petition for rehearing ‘En Banc’ in the Lilly NF-kB patent lawsuit. At 8:31 AM EST we have shares up [...]
AMD Surges Higher (AMD)
Advanced Micro Devices (NYSE: AMD) is rocketing higher this morning. At 8:29 AM EST, AMD is trading up about 5% at $3.90 on over 250,000 shares this morning after it was raised to BUY at Citigroup. The note gives a 45% discount to peers in its valuation call. Average volume is 20 million shares and [...]
Exponential Volume Alert in Boise (BZ)
Boise, Inc. (NYSE: BZ) kicked up a highly unusual volume alert in late-morning trading. We have seen a 9% rise to $4.95, and the 52-week high was hit at $5.19 earlier this morning. More importantly, shares have traded over 2.2 million with many block sizes, which is more than double the near-900,000 shares on an [...]
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