Scalping on the Frontier (FTBK)
Frontier Financial Corporation (NASDAQ: FTBK) is getting crushed this morning after weekend reports that government regulators shut down Frontier Bank, of Everett, WA on Friday. Regulators sold its assets to San Francisco-based Union Bank. The bank denied buyout rumors last week: “Management of Frontier Financial Corporation recently learned of rumors on the Internet on April [...]
POZEN Challenges 52-Week Highs (POZN)
POZEN, Inc. (NASDAQ: POZN) is trading higher after Friday’s news after the closing bell that the FDA approved the its arthritis treatment Vimovo. Shares closed down 10% on Friday at $10.85, but the shares went higher in after hours trading by 21% at $13.15 on over 5.9 million shares combined in regular and after-hours trading. [...]
SIRIUS XM Volume Watch (SIRI)
SIRIUS XM Radio Inc. (NASDAQ: SIRI) is trading higher this morning, perhaps partly on a poll taken by TheStreet.com saying that the days of its penny stock status are behind it. But what may be more important than anything is that this has shares challenging 52-week highs even if the multi-year highs are far higher. [...]
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