Archive for the ‘block volume’ Category

Massive Volume Spike in TiVo (TIVO)

TiVo Inc. is soaring.  Not just by some but by a major amount.  The company announced just a few minutes ago that the U.S. Court of Appeals release a decision/ruling in the company’s lawsuit against EchoStar.  The company noted: “We are pleased that the United States Court of Appeals for the Federal Circuit fully affirmed [...]

Who Was That Monster Google Block Trade? (GOOG)

Chasing block trading volume of trades of more than 10,000 or 100,000 shares and higher on a single trade has become almost alchemy in the new world of online trading in equities.  Many funds and traders no longer have large block trades because via pools and exchanges they can get VWAP trades that generate the [...]

Options Read on Smith International Buyout Talk (SII, SLB)

The reports today put Smith International Inc. (NYSE: SII) as a company in talks to be acquired by Schlumberger Ltd. (NYSE: SLB).  If this occurs it would be the largest oilfield services giant becoming even larger.  While we have yet to see a formal deal, Smith shares traded over 42 million shares today, almost 8-times [...]

SIRIUS Takes Leaderboard (SIRI)

SIRIUS XM Radio Inc. (NASDAQ: SIRI) has suddenly become everyone’s buddy again.  After shares cracked through the $1.00 mark they just kept running.  At 2:28 PM EST we have seen a whopping 161 million shares trade hands and the stock is up 8.5% more at $1.14 for a new 52-week high (intraday high $1.18).  If [...]

Over-Regulation Risks Cause Exponential Bank Volumes (JPM, BAC, WFC, C, GS, MS)

We won’t bother complaining about or praising why these banks and brokers are down so much today.  You already know the proposed regulation that would basically turn banks into utilities. Here are the reactions… more importantly, look at the share volumes as of 1:33 PM EST: JPMorgan Chase & Co. (NYSE: JPM) $41.0125, Down 5.50% [...]

DISH Block Volume Alert

Dish Network Corp. (NASDAQ: DISH) has seen two major block trades this morning.  This is possible that it is a clean-up trade or tied to other transactions that have been ongoing.  Average volume is only 4.1 million shares.   Trades were listed on NASDAQ as follows: 08:37      $21.0797      4,000,000 08:36      $21.08 [...]

Fannie Busting the Buck… (FNM, FRE)

Fannie Mae (NYSE:FNM) “broke the buck” in pre-market trading this morning after it recorded a net loss of $18.9 billion for the third quarter of 2009. Including $883 million in dividends on the senior preferred stock, the net loss attributable to common stockholders was $19.8 billion, or $3.47 per diluted share.  The company is also [...]

Marshall & Ilsley Already Exponential Volume Mover (MI)

Marshall & Ilsley Corporation (NYSE: MI) has already gone exponential in its trading volume and it is only 9:36 AM EST.  At 9:36 we have seen a whopping 27 million shares trade hands versus 8 million on average.  The financial services company priced a 136 million share secondary offering at $5.75 per share after a [...]

Index Funds Creating Elevated Pfizer Activity (PFE, WYE)

Pfizer Inc. (NYSE: PFE) is closing its long-standing acquisition of Wyeth (NYSE: WYE).  Because this is a cash and stock merger, it did create an event where S&P 500 Index-tracking mutual funds have had to start buying more shares to account for an increased weighting that Pfizer will have in the S&P (Ditto for Russell).  [...] Down on Big Block Trade (NTES), Inc. (NASDAQ: NTES) looked like it is seeing a lot of action this morning, yet there is a single block trade that has accounted for this.  Because of the big gain yesterday, it is hard to know if this is a carryover trade or if that was a real block without digging into it.  [...]