Volume Spike Investor

By now you know the news for Dendreon Corporation (NASDAQ: DNDN).  It turns out that the pre-event snapshot gave a very close and accurate read on what to expect from the volatility trade in options ahead of PROVENGE getting FDA approval. And this morning shares hit yet a new high of $55.00.  At 10:50 AM [...]

Tellabs Inc. (NASDAQ: TLAB) is trading up sharply after the telecom equipment maker said that first quarter earnings were $0.11 EPS, higher than the $0.09 estimate from Thomson Reuters.  Revenue was also up by about 5% at $379.7 million versus $371.5 million expected. At 9:02 AM EST we have shares up about 10.5% at $9.08 [...]

Lexmark International Inc. (NYSE: LXK) is trading substantially higher after earnings, which came in at $1.35 EPS, about $0.46 above consensus and needs verifying.  Revenue rose about 10% to $1 billion, which was in line with estimates.  At 8:53 AM EST we have shares up 9.2% at $43.60 on about 75,000 shares.  The stock is [...]

NexMed, Inc. (NASDAQ: NEXM) is soaring this morning, although this is a penny stock. The company last night announced that the FDA has cleared it to proceed with the proposed Phase 2 trial of PrevOnco as its proprietary cancer treatment for patients with advanced, unresectable hepatocellular carcinoma (liver cancer). The FDA had granted PrevOnco and [...]

American International Group Inc. (NYSE: AIG) will sound like hell on wheels this morning.  The government-backed and widely hated insurer’s stock was given a key downgrade this morning. Shares were downgraded to Underperform with a $6.00 Target at Keefe Bruyette & Woods.  Shares are down 4.2% at $42.65 this morning, and at 8:40 AM EST [...]

Goldman Sachs Group Inc. (NYSE: GS) is down almost 1% at $151.00 this morning on about 75,000 shares as of 8:34 AM EST.  CEO Lloyd Blankfein and the trader in the latest carnage are set to testify today before Congress today. Blankfein is expected to say that Goldman Sachs didn’t consistently short the housing market [...]

National Bank of Greece SA (NYSE: NBG) has 90 minutes to go before the closing bell, and traders are still perfectly yoked at equilibrium…. Greece finally asks for help and the new line has shares effectively flat at $3.13 on over 13.6 million shares as of 2:30 PM EST.  Average volume is only 6.6+ million, [...]

Acura Pharmaceuticals Inc. (NASDAQ: ACUR) is getting crushed this morning after an FDA advisory panel recommended that the FDA not approve its new opioid painkiller Acurox. Its partner King Pharmaceuticals Inc. (NYSE: KG) is also down on the news.  Average volume in Acura is only 130,000 shares and the 52-week trading range was $4.00 to [...]

LM Ericsson Telephone Company (NASDAQ: ERIC) is trading higher, although our first look at earnings indicated a miss in local currency.  We saw that (Swedish Kronors) was 0.39 EPS versus an estimate of 0.38 and revenue fell 9% 45.1 billion (again, Kronors).  Shares closed at $11.26 on Thursday, and shares were up 6% at $11.95 [...]

Palm Inc. (NASDAQ: PALM) is up as rumor Friday hopes to become merger Monday.  Yesterday there was an article noting that its CEO acknowledged that speculation of its future as an independent company may hurt developer interest for creating Apps.  Shares are trading higher by about 4.3% at $5.07 this morning on almost 1.3 million [...]