Archive for September 11th, 2009

Unusual Options Trading in Coca-Cola (KO)

Options volume in The Coca-Cola Cola (NYSE: KO) is much more active than normal.  Coke is not one of the more volatile names where you generally see options volume.  The September $52.50 CALLS traded 10,248 versus open interest of 7,588, the second day of large bullish call buying. Also, 12,000 OCT-2009 $52.50 calls trading and [...]

FedEx Exponential Volume Helping Comps (FDX, UPS, EXPD, UTIW)

FedEx Corporation (NYSE: FDX) is surging on its announcement that it raised guidance.  At 11:02 AM EST we have a 7.3% gain to $78.00 and we have already crossed over 4.75 million shares.  That is getting close to 150% of its average volume and is triple what we have normally seen by this time in [...]

AIG Holding Up On Downgrade (AIG)

American International Group, Inc. (NYSE: AIG) is back in the soup…. Wells Fargo joined in on the downgrade brigade and took the stock down to Underperform from Market-Perform.  As we have already seen two key downgrades, it seems that traders are becoming jaded to the downgrades.  At 8:46 AM EST we have seen over 400,000 [...]

American Axle… Upgrade or Tune Up? (AXL)

American Axle (NYSE: AXL) is soaring by 17% at $7.40 on very strong pre-market volume for a listed stock on the NYSE.  The auto-part supplier was Raised to Overweight at Barclays in a research call. At 8:41 AM EST we have just about hit 300,000 shares versus an average volume of 11 million shares.  Be [...]

Discovery Labs Rockets (DSCO)

Discovery Laboratories Inc. (NASDAQ: DSCO) is rocketing higher by 50% to a whole high price of $0.74 on 1 million shares as of 8:36 AM EST… Average volume is 3.5 million shares and the 52-week high is $2.40.  The FDA has set a review date of September 29 for the lung drug SURFAXIN.  The market [...]

Garmin Close To 52-week Highs (GRMN)

Garmin Ltd. (NASDAQ: GRMN) is soaring in pre-market trading on an odd analyst call.  The GPS leader was Raised to Buy at BofA/Merrill Lynch and at 8:31 AM EST we have seen only about 8,000 shares trade hands.  But the 5% move to $37.90 is what will lead the trading volume here today.  The 2.9 [...]

Allstate Not In Good Hands (ALL)

AllState Corp. (NYSE: ALL) has not yet materialized as a substantial trading volume stock because of its NYSE listing, but it will.  Goldman Sachs said investors are not in good hands and the brokerage giant cut its rating down to a SELL rating. At 8:28 AM EST we have shares down almost 3.5% at $28.22 [...]