With Hurd As New Pres, Oracle Jumps Pre-Market
IT appears that morning traders seem to approve of Software giant Oracle Corporation’s (NASDAQ: ORCL) acquisition of former Hewlett-Packard (NYSE: HPQ) CEO Mark Hurd. As of 8:41AM EDT, the stock is up $1.64 (7.16%) to $24.56. ORCL has already traded 1.91 million shares, with an average daily volume of 25.2 million. Hurd resigned from HP [...]
Finisar Continues Moving Volume After Announcing Q1 Earnings
Finisar Corporation (NASDAQ: FNSR), the fiber optics technology company, has continued making huge gains after announcing record quarterly results on Thursday of revenue increase of over 10% quarter over quarter. At 8:35 AM EST the company is up 13.81% from $13.61 to $15.49. The company has also traded 111,070 shares, compared with their average of [...]
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 [...]
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 [...]
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 [...]
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