Archive for December 1st, 2009

Call Options Activity Alert: Applied Materials (AMAT)

Applied Materials Inc. (NASDAQ: AMAT) had a sudden surge in December $13 calls that traded 25,299 contracts against an open interest of 15,631 contracts, with large blocks being bought at the offer and shares trading to session highs.  Applied Materials has the best of both worlds with chip stocks and solar stocks strong today.  Shares [...]

AIG Plays Take-Back After Yesterday (AIG)

American International Group, Inc. (NYSE: AIG) is recovering handily after yesterday’s analyst $12 call.  The company is moving forward with its ALICO separation.  It has also entered into a debt-for-equity swap with the New York Fed which may have just taken off $25 billion in debt and takes the NY Fed’s debt down to $17 [...]

Origin Agritech Chased by AgFeed, Again (SEED, FEED)

Origin Agritech Limited (NASDAQ: SEED) is at it again.  The stock hit new highs again yesterday on the recent genetically modified corn approval.  This morning at 8:19 AM EST we have shares up almost 4% at $14.03 on 295,000 shares.  The 52-week trading range was $1.70 to $13.53 and average volume is 2.7 million shares.  [...]

Netlist Suddenly Fighting Patent Infringement (NLST)

Netlist Inc. (NASDAQ: NLST) is getting hammered.  This was one of the top downside movers last night with a 24% drop to $4.34 on 931,000 shares after a lawsuit was filed by a group called Inphi for patent infringement.  Netlist says the suit is without merit and will defend itself, but this is a dark [...]

Human Genome Sciences Secondary Looming (HGSI)

Human Genome Sciences, Inc. (NASDAQ: HGSI) announced a secondary offering last night of up to 12.5 million shares.  This now looks further and further as though it is dwindling as a takeover candidate.  This would raise over $300 million.  It is safe to assume that trading volume will pick up as we get closer to [...]

Outguessing Guess (GES)

Guess? Inc. (NYSE: GES) is soaring but on thin volume (so far).  The company reported Q3 earnings of $0.69 EPS and $522.8 million in revenues versus Thomson Reuters estimates of $0.51 and $482.57M.  The clothing and apparel company raised guidance for its fiscal year and full quarter as well.  At 8:06 AM EST we have [...]