Archive for April 23rd, 2010

National Bank of Greece Doubles Volume (NBG)

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 Gets FDA Slap (ACUR, KG)

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 [...]

An Ericsson Surprise (ERIC)

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… Rumor Friday, Hope for Merger Monday (PALM)

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 [...]

Bucyrus Sliding (BUCY)

Bucyrus International Inc. (NASDAQ: BUCY) is playing the game of giving back, just not to society.  The mining equipment maker reported its latest quarter earnings fell to $0.45 EPS from $0.76 a year ago as revenue rose marginally to $607.5 million from $605.7 milllion a year ago.  Shares are down over 6% at $66.40 on [...]

All’s Well on the Western Digital Front (WDC)

Western Digital Corp. (NYSE: WDC) is trading up on earnings and guidance.  Things were strong enough and valuations are low enough that we have seen two upgrades from analysts. The storage and drive maker’s stock rating was raised to Outperform at Baird and was raised to Buy at Stifel Nicolaus.  This is still thin volume [...]

Dual Flop in Seattle Earnings Reactions (MSFT, AMZN)

Microsoft Corp. (NASDAQ: MSFT) and, Inc. (NASDAQ: AMZN) are both experiencing a “Sell The News” trading this morning after earnings. Microsoft beat earnings at $0.45 EPS on $14.5 billion in sales versus $0.42 on $14.48 billion expected from Thomson Reuters.  The closely watched online operations revenue rose to $566 million from $507 million last [...]