Archive for October 6th, 2009

Alcoa Sees Elevated Options Trading Before Earnings (AA)

Alcoa, Inc. (NYSE: AA) is trading up 4% at $13.97 today ahead of tomorrow’s earnings.  At 3:20 PM EST we have seen some 34 million shares trade hands, which is only an average day’s trading volume.  But we are seeing elevated call option trading ahead of tomorrow’s earnings report.  Here is the volume and open [...]

MannKind Tanks on Delay (MNKD)

MannKind Corp. (NASDAQ: MNKD) is getting its wings clipped on a drug introduction delay.  At 9:31 AM EST right after the open we have seen 475,000 shares trade hands and the stock is down 16% at $7.60. Average volume here is 985,000 or so shares per day and the 52-week trading range is $2.00 to [...]

Extreme Bashed on Guidance (EXTR)

Extreme Networks Inc. (NASDAQ: EXTR) is tanking on Monday’s lowered guidance.  Tech stocks, even smaller ones, are supposed to be raising guidance and it is paying the price for it.  Extreme expects revenues of about $66 million, under the Thomson Reuters estimate of about $80.4 million and under a prior implied range of about $79 [...]

Financial Junk Trades Higher (ETFC, CIT, AIG)

E*TRADE FINANCIAL Corporation (NASDAQ: ETFC) has no real news but did schedule its third quarter 2009 financial results release for after the close trading on Tuesday, October 27, 2009.  As the markets are higher, traders are bidding up the low-priced or junky financial firms again.  ETFC is up 1.8% at $1.75 on 350,000 shares as [...]

Cirrus Logic Indicated Higher on Guidance (CRUS)

Cirrus Logic Inc. (NASDAQ: CRUS) was very active in the upside gainers last night on raised guidance.  So far volume is light, but we saw some 57,000 after-hours shares for a 9.75% gain to $5.63.  We have no real volume yet this morning but the stock is still indicated to trade between $5,53 and $5.80.  [...]

Investors Real Estate Trust Active on Secondary Price (IRET)

Investors Real Estate Trust (NASDAQ: IRET) is trading down about 4% around $8.40 this morning after closing at $8.71 yesterday.  As of 8:27 AM EST we have seen some 150,000 shares trade hands.  This is on a secondary offering of common stock for 8 million shares at $8.25 per share.  Average volume is only 230,000, [...]

Clean Energy Pops on Pickens Comments

Clean Energy Fuels Corp. (NASDAQ: CLNE) is getting at least some attention this morning, but on price more than on any volume surge.  This was a winner from T. Boone Pickens continuing to call for the change to natural gas from gasoline for the large transport trucks in an affort that would cut 2.5 million [...]

Avocet Volume Goes Exponential on Buyout (AVCT)

Avocet Corporation (NASDAQ: AVCT) is surging on already double a full day’s volume.  At 8:17 AM EST we have seen 710,000 shares traded and teh stock is up 20% at $24.80.  Emerson (EMR) is paying $1.2 billion, or $25.00 per share, to acquire the company.  Avocet closed at $20.52 yesterday and trades only 317,000 shares [...]

NutriSystem Killing Short Sellers (NTRI)

NutriSystem Inc. (NASDAQ: NTRI) is going to likely see exponential volume after it scored an introductory 14-day pact with Wal-Mart. This closed at $15.05 Monday and is up 24% at $18.76 as of 8:15 AM EST on about 34,000 shares,  Average daily volume is only 352,000 shares and the 52-week high was $18.30.  Be advised [...]