Top Day Trader Alerts (STEC, SLXP, NBG, GRMN, ADSK, ACAS)

Posted in pre-market 
February 24th, 2010

These are this morning’s top day trader and active trader alerts seen in the pre-market activity.  We have news summaries and background data where applicable on each.

STEC Inc. (NASDAQ: STEC) is getting crushed after last night’s news. We have seen three downgrades and expect more after the company continues to get hit on asset impairment charges.  After closing at $13.42, STEC is indicated down under $10.00 this morning.  Shares are down 29% at $9.43 on 700,000 shares as of 8:24 AM EST.  Look for volume to rise rapidly and surpass its 5 million average early.  The 52-week trading range here is $4.92 – $42.50.

Salix Pharmaceuticals, Ltd. (NASDAQ: SLXP) closed at $24.25 and shares are up 18% at $28.65 on 200,893 shares as of 8:26 AM EST.  The company reported that the FDA Advisory Committee recommended approval Of XIFAXAN® (rifaximin) tablets for maintenance of remission of hepatic encephalopathy.

National Bank of Greece SA (NYSE: NBG) is now trading up almost 2% at $3.85 on almost 10,000 shares as of 8:24 AM EST after shares had been indicated lower earlier this morning pending yesterday;s Fitch downgrade of Greek banks.

Garmin Ltd. (NASDAQ: GRMN) is trading higher after earnings this morning.  The GPS and PND maker closed at $34.45 and shares are up 2.5% at $35.30 on 105,903 as of 8:30 AM EST.

Autodesk, Inc. (NASDAQ:ADSK) is trading up after its Q4 earnings beat analyst expectations.  We also saw a Buy upgrade at Needham.  At 8:30AM EST we have shares trading up about 6.7% at $27.40 on about 100,000 shares.

American Capital, Ltd. (NASDAQ: ACAS) is trading lower after its earnings on Tuesday night were short of expectations.  We have shares down 2.6% at $3.75 on 120,000 shares as of 8:32 AM EST.

You are invited to join our free daily email distribution list to hear about top analyst upgrades and downgrades, IPOs and secondary offerings, ongoing day trader and options trader alerts, stock and market rumors, Buffett and guru investor news, M&A and more.


Comments are closed