Archive for October 20th, 2009

SanDisk Blows Thru 52-Week Highs (SNDK)

You probably already saw how much SanDisk Corp. (NASDAQ: SNDK) blew through its earnings estimates.  We have full details over at 24/7 Wall Street. UPDATE 7:58 AM EST (OCT 21):  Shares are now trading under $23.00 at $22.96 and we have seen 180,000 shares trade hands.  With an average of 7.4 million shares per day, [...]

Microsoft Sees Elevated Options Trading (MSFT)

Microsoft Corporation (NASDAQ: MSFT) has seen a low volume day in the shares of its common stock.  But that is not the case in its call options.  Trading volume has really picked up, with some call option contracts trading more than their entire open interest.  You can imagine why… earnings bets ahead of Yahoo! tonight [...]

Fannie & Freddie Firing Squad (FNM, FRE)

We are seeing yesterday’s big losses in Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE) continue.  In case you missed yesterday, the downgrade to Underperform on both with effective ZERO price targets from Keefe Bruyette & Woods was the culprit for the trading blow-ups.  FNM is down 2.6% more at $1.11 on 1.7 million [...]

BioSante Trial Safety Surge (BPAX)

BioSante Pharmaceuticals, Inc. (NASDAQ: BPAX) is one of this mornings top gainers after it reported positive safety data in its ongoing LibiGel Phase III clinical development program.  The unblinded data have been reviewed by the independent DMC of the LibiGel Cardiovascular and Breast Cancer Safety Study and the DMC unanimously recommended continuation of the study [...]

MGM Gets Tracida/Kerkorian Jolt (MGM)

MGM MIRAGE (NYSE: MGM) is surging this morning.  The company disclosed large non-vash charges to its City Center investments of $955 million in pre-tax charges.  But then came the announcement from TRACINDA, which is exploring partnerships over MGM and other alternatives over MGM.  TRACINDA will not engage in any deal before City Center opens in [...]

Novavax-GE/Avimex Pact Interest (NVAX)

Novavax, Inc. (NASDAQ: NVAX) is trading higher after it announced that it began a two-stage clinical study of its virus-like particle H1N1 influenza vaccine in Mexico.  This is in collaboration with Avimex Laboratories and GE Healthcare. Shares were indicated up around 9% in early trading, but at 8:20 AM EST we have seen some 400,000 [...]

Apple Up Against All-Time Highs (AAPL)

Apple Inc. (NASDAQ: AAPL) surged to above $200 in the after-hours session last night after it significantly beat its earnings and revenues estimates and after it raised guidance.  The shares rose to $202.40, a gain of 6.60% on some 9,436,142 shares in the after-hours session.  We saw an after-hours chart that showed some traders paid [...]

Caterpillar Hitting 52-Week Highs (CAT)

Caterpillar Inc. (NYSE: CAT) blew away numbers at $0.64 EPS vs. $0.06 estimates.  We are seeing a 6.8% gain at $61.80 to a new 52-week high (prior range $21.71 to $58.20) and as of 8:11 AM EST we have already approached 600,000 shares trade hands.  That compares to over 12 million shares on average, but [...]