Archive for October 28th, 2009

PrivateBancorp Continues The Mudslide (PVTB)

PrivateBancorp Inc. (NASDAQ: PVTB) is another actively traded stock on the downside on what may be a day-two dumper.  This fell from $11.98 on Monday to $9.65 yesterday on 10+ million shares.  On Friday this was a $19.00 stock.  This is over concerns on the pricing of its $175M capital raising plan, which actually looks [...]

Illumina Leads Loser Board (ILMN)

Illumina, Inc. (NASDAQ: ILMN) is the biggest loser this morning. We have a closing bell bell price of $41.66 and the stock is down 18.6% at $33.90 on some 342,728 shares asd of 8:48 AM EST.  The earnings swung to a third-quarter profit on a small revenue gain and lower charges.  But the life sciences [...]

E*TRADE Back to Flat (ETFC)

E*Trade Financial Corporation (NASDAQ: ETFC) was down after its earnings report last night but has recovered.   The online brokerage firm posted a wider third-quarter loss due to charges over a debt exchange. Credit trends are continuing to improve and it added to Tier-1 capital. Shares were down about 3% last night but as of 8:42 [...]

Level 3 Heads Down (LVLT)

Level 3 Communications, Inc. (NASDAQ: LVLT) is trading lower this morning after the wholesale broadband and bandwidth communications provider posted revenue of $916 million, down from $1.07 billion a year ago and down from $942 million for the second quarter 2009.  The net loss was $170 million, or ($0.10) per share.  Thomson Reuters had estimates [...]

Apollo Down Huge, But Not As Bad As Initially (APOL)

Apollo Group Inc. (NASDAQ: APOL) is getting hammered but not quite as bad as last night.  The online education posted solid earnings and enrollment growth.  But two issues hit it with the first being the sustainability of enrollments.  The second and much more important issue, far more important, is an SEC inquiry into revenue recognition [...]

AMD Down on Ruiz Insider-Galleon Ties (AMD)

Advanced Micro Devices (NYSE: AMD) is taking a hit this morning.  Former-CEO Hector Ruiz has been implicated as a CEO who may have given insider information to the Galleon Funds in the recent scandal that is still spreading out.  Shares are down 3.5% at $4.97 at 8:20 AM EST on 50K shares, but shares were [...]