Volume Spike Investor

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 [...]