Archive for August, 2010

Explosive US Steel Options Volume (X)

United States Steel Corp. (NYSE: X) is seeing an explosion in its options trading on Wednesday.  Much is likely ahead of expiration for August this coming Friday.  But this also has to do with some speculation of a merger coming back to the metals sector.  If in ag and potash, why not steel or other [...]

Major Volume Spike in American Apparel (APP)

American Apparel, Inc. (AMEX: APP) is getting crushed.  Again.  We are seeing a second trading day of high stock volume after the Tuesday disclosure of a “going concern” where it might not be able to meet requirements and obligations inside its credit pact.  The company also disclosed that U.S. AG is looking into the circumstances [...]

Cardica Signs Deal With Intuitive

Cardica, Inc. (NASDAQ: CRDC), the company which makes medical instruments for coronary bypass operations, skyrocketed in pre-market trading today from $1.66 to $2.50, an increase of 5o.6%.  This growth comes during a 52-week range of $1.00 to $2.85, and is marked by the movement of 26,200 shares; a very significant amount for pre-market trading compared [...]

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 [...]

Unusual Options Volume Spikes on Friday (NLY, COCO, HPQ, PCS, NTAP, NFLX, PHM, SUN)

Friday had some incredibly wild options moves in select names on a standout basis.  We tracked some very unique and strange moves in options of Annaly Capital Management, Inc. (NYSE: NLY), Corinthian Colleges Inc. (NASDAQ: COCO), Hewlett-Packard Company (NYSE: HPQ), MetroPCS Communications, Inc. (NYSE: PCS), NetApp Inc. (NASDAQ: NTAP), Netflix, Inc. (NASDAQ: NFLX), PulteGroup, Inc. [...]

Emergent Purchase Drives Up Trubion In Pre-Market

Trubion Pharmaceuticals, Inc. (NASDAQ: TRBN) shot way up in pre-market trading preceding the company’s acquisition by Emergent Biosolutions Inc. (NYSE: EBS).  At the 8:35 AM EST Trubion is up 49.67% from $3 to $4.49 during a 52-week range of 2.29 – 6.75.  The company has also already traded 3,000 shares, a significant figured compared with [...]

Unica More Than Doubles In Value After IBM Acquisition (UNCA, IBM)

IBM and Unica Corporation  (NASDAQ: UNCA) agreed to a $480 million dollar deal this morning. IBM will buy Unicom for 21$ per share, well more than double the marketing company’s close yesterday of $9.55. As of 8:15AM EDT, the stock was up 117.8% to 20.80. The stock had been trading withing a 52-week range of [...]

Cisco Flakes On Confidence

Cisco Systems, Inc. (NASDAQ: CSCO) was down in pre-market trading as a result of weak guidance offered by the company.  At 8:35 AM EST is down 7.42% from $23.73 to $21.97, and has traded 876,856 shares, compared with the company’s average of 58,236,500 shares.  This drop comes during a 52-week trading range of $20.68 – [...]