Archive for August 27th, 2009

Massey Energy Sees Unusual Put Option Trading (MEE)

Massey Energy Co. (NYSE: MEE), the large bituminous coal company, is seeing some very unusual trading today.  As coal often tracks energy stocks this is down 4.5% at $27.58, but the trading volume is not active nor unusual with 4 million shares traded hands as of 12:30 PM EST versus average volume of 6.5 milliuon [...]

Boeing Goes Mile High on Dreamliner Flight Date (BA)

Boeing Co. (NYSE: BA) is surging this morning after the aerospace and defense giant said that its Dreamliner will make its maiden flight before the end of the year and is targeting Q4-2010 for first deliveries for orders.  This is after delays and delays.  At 8:54 AM EST we have shares trading up 5.6%, huge [...]

Vonage Pivot Points As Shares Peter-Out (VG)

Vonage Holdings Corporation (NYSE: VG) petered out yesterday and appears to be petering out some more this morning. Shares are down abouy 2.3% at $2.11 on over 800,000 shares as of 8:50 AM EST. Be advised that shares hit a new 52-week high yesterday and traded about 80 million shares. The low yesterday was $1.82 [...]

AIG Getting Another Boost (AIG)

American International Group (NYSE: AIG) is trading up sharply on additional short squeezes… There are reports that the new CEO Benmosche has talked with founder Hank Greenberg on efforts to help rescue the firm. Also, Obama’s pay czar is set to formally approve the high pay package for AIG’s new CEO as soon as next [...]

Energy Conversion Skunks Earnings (ENER)

Energy Conversion Devices, Inc. (Nasdaq: ENER) is trading down on earnings after blowing its earnings report. It posted revenues of $51.4 million compared to $82.4 million in the fourth quarter of fiscal 2008 and $66.0 million in the third quarter of fiscal 2009. It also reported a loss of $15.8 million or -$0.37 EPS compared [...]

Citigroup Gets Paulson Boost (C)

Citigroup Inc. (NYSE: C) is trading up this morning on reports that hedge fund giant John Paulson has been acquiring a stake in Citi and now holds close to a 2% stake. As of 8:26 AM EST shares are up 2.4% at $4.75 on over 13.5 million shares. Paulson is oine of the ones who [...]

Immunomedics Scores Strong Lupus Data (IMMU)

Immunomedics Inc. (NASDAQ: IMMU) and UCB have announced this morning that results from UCB’s phase IIb clinical study comparing epratuzumab to placebo in patients with systemic lupus erythematosus which demonstrated clinical meaningful treatment effect…. The 227 patients in this study had moderately (30%) to severely (70%) active disease in multiple organ systems. The primary efficacy [...]

Human Genome Sciences Plays Give-Back (HGSI)

Human Genome Sciences Inc. (HGSI) is getting clipped in early trading but volume is still rather light. This one has risen sharply in recent days that its Lupus drug partner GSK was interested in buying the company outright. There has not been a total rebuff or denial, but these reports seem to be getting dismissed [...]