Archive for September 8th, 2009

Put Options Alert: hhgregg (HGG)

hhgregg, Inc. (NYSE: HGG) is seeing activity in the October $15 puts, with shares at $16.80.  These have traded more than 4,500 contracts against OI of 46, unusually large action and in multiple sizable lots with more than half the action offer side.  Implied volatility is also spiking from 61% to 66%.  The chart is [...]

SPDR Gold Loving $1,000 Gold (GDL)

SPDR Gold Shares (NYSE: GLD) is rarely the top pre-market mover in ETF trading activity outside of the few top volume ETF and ETN stocks….. But $1,000 gold is rare as well.  So far this is up 1.2% at $98.68 on over 1.4 million shares as of 9:14 AM EST.  Average volume is 10.3 million [...]

Intellon, Thin But Merger Bait (ITLN)

Intellon Corp. (NASDAQ: ITLN) is soaring by 45% to $7.25 (after closing at $5.00 Friday).  This is on the report that Atheros will acquire Intellon in a cash and stock merger that is valued around $245 million, or $181 million net of Intellon’s cash and cash equivalents. Atheros sees the deal closing in Q4.  This [...]

AIG Downgraded (AIG)

American International Group, Inc. (AIG) is getting hit this morning despite an up-market.  AIG was reportedly downgraded to UNDERPERFORM from an already-cautious NEUTRAL rating.  This is despite reports of a $2.4 billion bid for its Taiwan Nan Shan Life unit.  At 9:09 AM EST we have seen over 1.3 million shares trade hands and the [...]

Osiris Getting Gutted (OSIR)

Osiris Therapeutics, Inc. (NASDAQ: OSIR) is getting clobbered hard as the biggest loser seen so far this morning.  The company announced that its stem cell drug Prochymal failed both pivotal phase III studies in patients with graft-versus-host-disease.  In short, back to the drawing board and back to drawing cash with stem cell research.  This was [...]

Helicos on Helium (HLCS)

Helicos BioSciences Corporation (NASDAQ: HLCS) is soaring this morning… After a $2.50 close, we now at 8:37 AM EST have shares trading up 25% at $3.14 on some 300,000 shares.  The average volume here is 1.5 million shares and the 52-week high is $4.07.  The news is that RIKEN Yokohama Institute Omics Science Center has [...]