SEQUENOM Crosses Full Day’s Volume (SQNM)
We ran a full detail of the activity in SEQUENOM, Inc. (NASDAQ: SQNM) of the rumors that are driving the stock this morning over at BioHealthInvestor.com. And the volume is already at a full day’s volume after just oiver an hour…. At 10:58 AM EST we have seen 12.8 million shares trade hands on a [...]
Marvel Joins The Mouse House (MVL, DIS)
Marvel Entertainment, Inc. (NYSE: MVL) is being acquired in a serious surprise merger by Walt Disney Co. (NYSE: DIS). The term is for $50.00 per share, broken down as $30 in cash and then 0.745 shares of common DIS stock. Marvel’s 52-week high is $41.74 and this closed at $38.65 on Friday. As of 9:06 [...]
BJ Services Scores A Deal (BJS, BHI)
BJ Services Company (NYSE: BJS) is surging on a deal in the oil patch… Baker Hughes Inc. (NYSE: BHI) is acquiring the company for what is supposed to be a 16% premium around $5.5 billion, but in a deal thgat greatly discounts it last year’s highs. The deal is mostly in stock and the BJ [...]
Human Genome Sciences Sees Reality Take (HGSI)
Human Genome Sciences, Inc. (NASDAQ: HGSI) is getting clipped this morning as the hopes of the buyout settle down on the realization that large drug companies might not want to pay up over and above a more than tenfold rise in shares. HGSI is down almsot 3% at $19.32 on about 30,000 shares as of [...]
Genzyme Drifting Lower (GENZ)
Genzyme Corporation (NASDAQ: GENZ) has yet to see a major wave of trading volume, but it will be very active today. The troubled biotech giant is trading down about 3.2% at $53.75 on about 15,000 shares as of 8:43 AM EST. Baird cut the rating down to Neutral from Outperform after the date was set [...]
Fannie & Freddie Leading Downward Volume (FNM, FRE)
Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE) are both getting their wings clipped this morning. FBR’s research points out that effectively, “No underlying value remains…” in the shares of common stock. The 200%-plus rise on speculation of reverse stock splits and hope for government assistance continuing are bother over-stepped by the share prices… [...]
AIG Takes Early Volume Leadership (AIG)
American International Group (NYSE: AIG) kept trading up and away last week, yet this morning’s trading has the stock down over 9% at $45.50 on almost 1 million shares as of 8:32 AM EST. Barron’s panned many of the runs in speculative stocks over the weekend and the financial sector is down with the broader [...]
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