Archive for December 17th, 2009

Citi Down At Pricing Level (C)

Citigroup Inc. (NYSE: C) has already traded 650 million shares as of 8:49 AM EST and shares are down at $3.15, right where the largest offering in US capital markets history priced.  We have already seen one $3 target this morning from an analyst and Dick Bove of Rochdale called this “terrible” last night on [...]

Sequenom Allegations Taking Toll (SQNM)

Sequenom Inc. (NASDAQ: SQNM) is getting hit this morning on allegations from an outside group called Xenomics, Inc.  Xenomics said “an ongoing internal investigation by Xenomics’ personnel of the events surrounding its licensing deal with Sequenom in late October, 2008 leads it to conclude that Sequenom purposely misled the Company – fraudulently inducing Xenomics into [...]

First Solar Tries to Hold Gains (FSLR)

First Solar Inc. (NASDAQ: FSLR) is holding its gains somewhat from last night on higher guidance, but with a little less oomph.  The problem is that earnings estimates are in-line and still under 2009 estimates, meaning margins are still expected to suffer more.  Still shares are higher this morning.  Shares are up 1.8% at $139.18 [...]

Yongye Hit on Secondary (YONG)

Yongye International, Inc. (NASDAQ: YONG) is down 9.15% at $7.53 on 49,000 shares as of 8:32 AM EST.  The company has announced a secondary offering to conducted through Roth Capital and Oppenheimer.  After an $8.29 close yesterday, it is selling 8 million shares at $7.50 per share.  If you recall, this is one of the [...]

EZChip Goes for Day-Two Losses (EZCH)

EZchip Semiconductor Ltd. (NASDAQ: EZCH) already fell to $11.55 yesterday from $12.61 on Tuesday, and it did it on over 900,000 shares. Shares are down another 3% this morning at 8:26 AM on 44,000 shares.  The company priced its previously telegraphed secondary offering.  The offering is 3.86 million shares at $10.50 per share and the [...]