Archive for August 16th, 2010

Education Battered, Many 52-WEEK LOWS (APOL, CECO, EDMC, COCO, DV, ESI, STRA)

Education stocks continue to get pounded after new Department of Education indications on guidelines and rules: Apollo Group Inc. (NASDAQ: APOL) is actually getting some buying this morning and shares are up 0.4% at $39.10 on 275,000 shares pre-market.  This one might be better except the tape for peers is so bad.  The 52-week range [...]

Arena Regains Some Ground After Friday’s 7% Drop (ARNA)

On Friday, Arena Pharmaceuticals, Inc. (NASDAQ: ARNA) posted a 7.53% loss after Jefferies expressed concern about the company’s sound usage of risk calculation for the obesity drug Lorcaserin. As of 8:34AM EDT, the biopharmaceutical company was up 2.71% to $6.81, which is at the high end of the stock’s 52-week range of $2.70-$8.00. The stock [...]

Ericsson Reportedly Working On New Smartphone

LM Ericsson Telephone Company (NASDAQ: ERIC) is up 1.54% this morning in pre-market trading, raising shares from $10.42 to $10.58.  This movement, however, comes during a 52-week range of $8.94 to $12.39.  The company has also traded 200,200 shares already, compared with their average amount of 6,762,200. This jump, which indicates a return to recent [...]