Archive for August 9th, 2010

Options Explosion in H-P (HPQ)

Hewlett-Packard Company (HPQ) was one we knew that there was going to be a massive volume spike in today when it came to the stock.  Rather than almost 20 million shares in a day, we have seen over 108 million shares trade hands.  The stock is lower by 6.7% at $42.90 after hitting 52-week lows [...]

Nabors Set To Buy Superior Well Services

Superior Well Services, Inc. (NASDAQ: SWSI) rocketed up at 8:35 AM EST 20.84%, resulting in shares increasing from $18.23 to $20.03.  This move is the result of Superior Well’s purchase by land rig contractor Nabors Industries Ltd. (NYSE: NBR) for approximately $900 million.  The morning has thus seen the movement of 2,964,810 shares, compared with [...]