Rumor Hits AIG Late In The Day (AIG)
American International Group, Inc. (NYSE: AIG) was up back at the end of August and first of September highs this morning. It was even back above $50.00. But that is all in the past at the end of the day. Rumors are out there that a large secondary offering or a large securities offering may [...]
Smith International Sees Options Surge (SII)
Smith International Inc. (NYSE: SII) has been under-performing and still cannot close above its 200 day EMA, but there is bullish action in the name today with shares at $29.37 as more than 4,000 November $32 calls are bought offer side in a large block trade. Smith is looking to breakout at $30, and shares [...]
Clorox Up on Buyout Rumors (CLX, PG)
Clorox Corporation (NYSE: CLX) is trading up on elevated stock and even more elevated options trading. The rumor is that Proctor & Gamble (NYSE: PG) is a possible suitor. As of 2:20 PM EST we have seen 2.28 million shares trade hands for a 2.2% gain to $58.94, and average volume is only 1.36 million [...]
AIG Reaching Into New Near-Term Highs (AIG)
American International Group, Inc. (NYSE: AIG) is surging again like it is another financial junk company trading party. At 8:00 AM EST we have seen a gain of 11% at $53.75 on close to 4 million shares of stock after closing at $48.40 yesterday. Be advised that AIG’s highest post-shenanigan close is $50.23 and shares [...]
Delta Petroleum Finds Some Interest After 45% Drop (DPTR)
Delta Petroleum Corp. (NASDAQ: DPTR) is trading a bit firm this morning considering yesterday’s atrocious news on a poor well drilling performance. Shares lost about 45% of their value yesterday on over an unbelievable 84 million shares of stock. As of 8:50 AM EST we have shares up 1.3% at $2.24 on over 500,000 shares. [...]
Fannie & Freddie Hitting September Highs (FNM, FRE)
Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE) are back in the gaining camp and are some of the NYSE most active stocks in the early trading. At 8:41 AM EST we have Fannie Mae shares trading up 3.5% at $1.74 on 2.2 million shares and Freddie Mac shares up over 4% at $2.13 [...]
Asensio Gets on American Oriental Bioengineering (AOB)
American Oriental Bioengineering Inc. (NYSE: AOB) is still low volume but it is going to be under pressure today. If you recall a site called Asensio.com, the site has brought up two issues regarding the company. The notes are discussing the chairman’s “questionable second passport and potential undisclosed conflicts of interest” and also notes that [...]
E*TRADE Breaking Thru Resistance (ETFC)
E*TRADE Financial Corporation (NASDAQ: ETFC) is trading up another 4% pre-market. At 8:27 AM EST we have shares at $2.06 on almost 3 million shares pre-market. This appears to just be continued buying and turnaround interest after the two upgrades last week. More importantly, this gets ETFC back over $2.00 and it closed above that [...]
Citi Up as Singapore Lightens Stake (C)
Citigroup (NYSE: C) is trading up now that it has one less government or sovereign wealth ownership stake as large as it was. Singapore’s sovereign wealth fund has cut its stake in Citi from about 9% down to below 5%. Singapore is also realizing a $1.6 billion profit as it reduced its holding to the [...]
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