Volume Spike Investor

Icagen, Inc. (NASDAQ: ICGN) was already a low-priced small cap stock that fell sharply last night after its Phase IIa exercise-induced asthma study of its Senicapoc failed to demonstrate improvement in the primary study endpoints.  It does not anticipate continuing clinical development of senicapoc at this time.  Shares were down as much as 40% last [...]

Ballard Power Systems Inc. (NASDAQ: BLDP) is one of the original alternative energy cult stocks.  Now the company is just an ex-cult stock and its revenues were down year over year to $9 million.  The net loss was in-line with -$0.14 and the net loss outside of items was -$0.09 EPS, a smaller loss than [...]

Baidu, Inc. (NASDAQ: BIDU) reported Q3 earnings which looked good on the surface at $2.16 EPS vs. $1.85 estimates as revenues rose 39% to $187 million vs. $188 million expected.  New technology was causing a lower outlook to revenue of $174 to $180 million vs. $203 million expected.  Shares fell by 10% in after-hours trading [...]

CIT Group, Inc. (NYSE: CIT) is trading up this morning on news that could ultimately be bad for shareholders.  CIT has amended its debt offering terms under a packaged bankruptcy reorganization.  CIT is up 3.5% at $1.18 on over 400,000 shares of stock at 8:26 AM EST.  As a reminder, CIT was under fire on [...]

Fifth Third Bancorp (NASDAQ: FITB) and SunTrust Banks, Inc. (NYSE: STI) are both getting hit this morning on an analyst downgrade by Dick Bove.  Rochdale Securities has downgraded the bank to Sell from an already cautious Neutral rating.  At 8:20 AM EST we have seen STI shares down over 2.5% at $20.45 on about 10,000 [...]

Oracle Corp. (NASDAQ: ORCL) just had a trader buy 10,000 December $24 calls at the offer, shares recovering off days lows here and $22.75 a big resistance level.  Earlier this morning more than 18,000 November $23 calls traded, some closing positions, but indications from order flow show the calls were being bought, many to open.  [...]

Freddie Mac (NYSE: FRE) disclosed in an SEC Filing this morning that its mortgage delinquencies continued to rise in September.  Both Freddie Mac Fannie Mae (NYSE: FNM) were forced into conservatorship last year by Uncle Sam, and this does not offer much hope of a charge in that status. Freddie disclosed September delinquencies on single-family [...]

Synaptics Inc. (NASDAQ: SYNA) is getting a relief rally after beating estimates. Earnings were $0.48 EPS and a 3% revenue gain to $119.6M vs. Thomson Reuters estimates of $0.42 EPS and $116.4 million in revenue. Gross margin of 40.4% was soft with some expecting 40.5% or 40.6%.  The company talked up its opportunities and production.  [...]

Broadcom Corp. (NASDAQ: BRCM) is sitting on the sidelines of the market rally in tech stocks that beat earnings.   The communication chip maker posted earnings of $0.40 in non-GAAP EPS (was $0.16 in GAAP EPS) and a 20% revenue jump sequentially and 3.4% lower than a year ago to $1.254 billion.  Thomson Reuters estimates [...]

Microsoft Corporation (NASDAQ: MSFT) is soaring to new 52-0week highs.  The software giant posted $0.40 EPS on $12.92 billion.  These were down from $0.48 EPS and $15.06 billion a year ago but were way above the Thomson Reuters estimates of $0.32 EPS and $12.32 billion in revenues.  At 8:37 AM EST we have shares trading [...]