Archive for August, 2010

Crushing Mediacom Communications (MCCC)

Mediacom Communications Corp. (NASDAQ: MCCC) is the subject of what may be a severe volume spike this morning on very negative trading trends.  Here is why… Rocco Commisso withdrew his offer to take Mediacom Communications private by acquiring the rest of the shares he does not already own.  Here was his statement: “I am very [...]

ArcSight Volume Explosion (ARST)

ArcSight, Inc. (NASDAQ: ARST) jsut saw a volume explosion late in the trading day after the WSJ  announced that ArcSight was up for auction and that it could fetch $40 per share.  Whether that comes is another issue, but shares are up 28% at $36.37 on more than 1.9 million shares.  Average volume is only [...]

Exponential Volume Alert from Ceraplast PR (CERP)

Ceraplast, Inc. (NASDAQ: CERP) is a tiny company in a very promising sector.  The company rang the opening bell at the NASDAQ this morning to help further promote its bio-based resin business, which in short means biodegradable plastics.  This field is still emerging despite a 15 year effort to get off the ground, and Ceraplast [...]

PwC Will Buy Diamond Management & Tech, DPTI Skyrockets

PricewaterhouseCoopers has finalized plans to purchase technology consultant Diamond Management & Tech in a $378 million deal. As of 8:44AM EDT, shares of DPTI were up 31.03% to 12.50, well above its 52-week range of $5.58-$11.56. The stock has traded 224,914 shares in volume. The stock trades with an average volume of 2.5 million shares. [...]

Diamond Management To Be Bought By PwC

Diamond Management & Technology Consultants Inc. (NASDAQ: DTPI) skyrocketed this morning in pre-market trading on news that PricewaterhouseCoopers LLP would buy the company for $378 million, or $12.50 a share.  At 8:35 AM EST shares had jumped 30.82%, from $9.54 to $12.48, and has already traded 3,076,220 shares.  This is a much greater amount than [...]

RIMM Downgraded By Morgan Stanley

Research In Motion Limited (NASDAQ: RIMM) was downgraded by Morgan Stanley (NYSE: MS)  from overweight to underweight. As of 8:16 AM EDT, RIMM was trading  at $49.00. This was 2.89% below yesterday’s close, which saw the stock down 1.03%. RIMM stock is nearing the bottom end of its 52-week range of 47.42 to 88.08. The stock [...]

Corinthian Colleges Down Under Investigation

Corinthian Colleges Inc. (NASDAQ: COCO), the for-profit, post-secondary education company, is down 6.85% in pre-market trading this morning, from $5.40 to $5.03, and has already traded 60,660 shares.  This change comes during a 52-week  range of $4.88 to $20.29, effectively highlighting the company’s hardships, which involve a 51% 4-week price decline. Corinthian Colleges is currently [...]

Unusual Options Trading Seen in Petrohawk (HK)

Petrohawk Energy Corporation (NYSE: HK) is almost challenging its 52-week lows today on light trading volume in the stock.  And shares are down 2.2% at $15.82.  So why is it that there is unusual options trading out in December today?  Take a look at the DECEMBER 2010 CALLS trading today: CALL$    Volume    OpInt $16.00    2,017   [...]

Symantec Makes Significant Gains PreMarket (SYMC)

Symantec Corporation As of 8:39AM EDT, Antivirus company Symantec Corporation (Nasdaq: SYMC) has gained 10.17% this morning to 13.87. the stock has traded 209 thousand shares, with an average volume of 14.4 million shares. The stock has a 52-week range of $12.04 to $19.16. Last week, RBC capital markets downgraded SYMC from outperform to sector [...]

NetApp’s Quarterly Revenue Disappoints

NetApp Inc. (NASDAQ: NTAP) is down 3.13% this morning from $39.32 to $38.09 in pre-market trading.  At 8:35 AM EST the company had already traded 69,720 shares, in contrast with their average of 7,730,450.  This move comes during a 52-week range of $21.29 to $44.89. NetApp’s pre-market woes are the result of disappointing quarterly revenue [...]