Helicos BioSciences (HLCS) Lifts In Pre-Market
Helicos BioSciences (HLCS) is up nearly 15% to $2.70 on news of the the publication of a landmark study in which Helicos’ True Single Molecule Sequencing (tSMS)™ technology was used to directly sequence individual molecules of RNA. The paper appeared yesterday in the on-line edition of Nature and will appear in an upcoming 2009 print [...]
Vical (VICL) Surges On Cancer Study
Vical (VICL) is up 16% to $4.86 on news about the the presentation of encouraging results from animal studies of a peptide-based cancer vaccine formulated with the company’s Vaxfectin(R) adjuvant. Sean M. Sullivan, Ph.D., Vical’s Executive Director of Pharmaceutical Sciences, is presenting data at the IIRUSA Vaccines Development Forum (Boston – September 23-25) demonstrating the [...]
Netease.com Down on Big Block Trade (NTES)
Netease.com, Inc. (NASDAQ: NTES) looked like it is seeing a lot of action this morning, yet there is a single block trade that has accounted for this. Because of the big gain yesterday, it is hard to know if this is a carryover trade or if that was a real block without digging into it. [...]
AMR Active on Juiced Secondary (AMR)
AMR Corp. (NYSE: AMR), the parent of American Airlines, is trading lower after it priced a 48+ million share secondary offering of common stock at $8.25. This deal size was increased from 30 million shares and is being sold through Citigroup, Morgan Stanley and UBS. At 8:30 AM EST we have shares down 1.4% at [...]
Xilinx Guidance Taking Out 52-Week Highs (XLNX)
Xilinx, Inc. (Nasdaq: XLNX) is soaring on its September guidance up approximately 10% sequentially in sales, above the prior 2% to 6% gain expected. Virtex-5 sales will increase significantly in the September quarter to be above 20% of total sales. Delinquent sales are now shipping and gross margin guidance is ~61%. At 8:25 AM EST [...]
Seagate Guidance Lifts Stock (STX, WDC)
Seagate Technology (NASDAQ: STX) is cruising higher after it raised guidance. The drive and storage systems maker followed Western Digital (NYSE: WDC). It now sees Q1 revenue to be at or slightly above the high end of its original guidance range of $2.4 to $2.6 billion versus Thomson Reuters consensus estimate of $2.54 billion. Shares [...]
Palm Juices Secondary (PALM)
Palm, Inc. (NASDAQ: PALM) is holding up rather well considering the way it priced its secondary offering of common stock at $16.25. The sale is through Goldman Sachs and J.P. Morgan, but it was also increased to 20 million shares of common stock from a prior size of 16 million shares. There are still rumors [...]
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 [...]
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