Archive for April 9th, 2010

Casey Above Buyout (CASY)

Casey’s General Stores Inc. (NASDAQ: CASY) is soaring this morning on a press release that Couche-Tard is proposing to acquire the company for $36.00 per share in cash.  The stock closed at $31.59 yesterday and the 52-week trading range is $2358 to $33.06.  At 8:50 AM EST we have seen some 357,000 shares trade hands [...]

Atlas Not Shrugged (ATLS)

Atlas Energy, Inc. (NASDAQ: ATLS) is soaring after the company announced a $1.7 billion Marcellus Shale joint venture with Reliance Industries.  Mark this as a new 52-week high!  The stock trading up over 18% at $37.60 on 113,649 shares at 8:42 AM EST. Average volume is 891,000 shares and the 52-week trading range is $10.58 [...]

Ambac’s Phoenix Approach (ABK)

Ambac Financial Group, Inc. (NYSE: ABK) soared last night in after-hours trading by about 50%.  The troubled financial guaranty company said that its Q4 net income was $558.1M, or $1.93 a share, up from a huge loss a year ago, driven by a $472 million tax benefit and from lower loss expenses.  Its total net [...]

Cell Therapeutics Pre-Meeting Bounce (CTIC)

Cell Therapeutics, Inc. (NASDAQ: CTIC) is up ahead of its special shareholder meeting; and after it announced that the company has received a FDA complete response letter over its new drug application for pixantrone for relapsed or refractory aggressive non-Hodgkin’s lymphoma.  It is going to keep marching forward with current and new indications.  Shares are [...]

Persistent Palm Rumors Starting to Take Shape (PALM)

Palm, Inc. (NASDAQ: PALM) is up again and seeing trader interest Friday morning on new reports that HTC may be in talks to acquire the company.  A report from Engadget has investors looking at reports in Economic Times and Economic Daily News showing that HTC is exploring how it would or could integrate Palm into [...]