Archive for the ‘Uncategorized’ Category

Volume Spikes From Secondary Offerings (SQNM, DRYS, TOO, QLIK)

Secondary offerings often create volume spikes in the shares, but we are seeing moves in several key stocks with secondary offerings.  The moves are in Sequenom, Inc. (NASDAQ: SQNM), DryShips Inc. (NASDAQ: DRYS), Teekay Offshore Partners LP (NYSE: TOO), and Qlik Technologies Inc. (NASDAQ: QLIK). Sequenom, Inc. (NASDAQ: SQNM) said the underwriters of its offering [...]

Irish Banks See Volume on Dead Day (AIB, IRE)

The market is down in the U.S. on a holiday-shortened trading session.  Still, there is active trading in the Irish banks today.  The Bank of Ireland (NYSE: IRE) was down much worse but shares are now down about 2.6% at $1.54 after a low of $1.46 this morning.  Allied Irish Banks plc (NYSE: AIB) is [...]

After Hitting 52-Week Low, Tongxin Plummets Pre-market

Chinese auto parts company Tongxin Internation Limited (NASDAQ: TXIC) hit a new 52-week high yesterday of $3.48 cents. This morning, it appears that this price won’t remain the 52-week low for long. At 8:26AM EDT, TXIC was trading at $3.12, down 58 cents (15.68%) from its close yesterday. At that time, the stock had traded 4,260 [...]

Lululemon Doubles Second Quarter Profit, Stock Rising

Lululemon Athletica inc. (NASDAQ: LULU) released second quarter earnings yesterday. The Vancouver-based women’s athletic retail company posted a quarterly revenue increase of 56%. Premarket, shares of LULU were up 9.4%, with 31,000 shares traded (average daily volume is 800,000.) The stock, which is currently at $39.53, is trading close to the top of its 52-week [...]

PwC Will Buy Diamond Management & Tech, DPTI Skyrockets

PricewaterhouseCoopers has finalized plans to purchase technology consultant Diamond Management & Tech in a $378 million deal. As of 8:44AM EDT, shares of DPTI were up 31.03% to 12.50, well above its 52-week range of $5.58-$11.56. The stock has traded 224,914 shares in volume. The stock trades with an average volume of 2.5 million shares. [...]

Qiagen Down Pre-Market, Despite Exceeding Forecasts

Qiagen N.V., a diagnostic technology holding company, posted 2Q earnings yesterday which beat expectations.  Despite the positive news, stock of QGEN continues to lose ground pre-market after dropping .7% yesterday. As of 8:19AM EDT, shares were off 3.58% to 18.84 on 106,880 shares volume (average volume 2.32 million.) Qiagen is nearing its 52-week low of $18.06. [...]

Power-One Moves On Q2/Q3 Announcement

Power-One, Inc. (NASDAQ: PWER) shot up at 8:35 AM EST from $9.96 to $11.73, an increase of 17.77%.  This pre-market movement came following an announcement that the company had a second quarter revenue of  $215 million and profits of 17 cents a share, beating the Street consensus of $185.7 million in revenue and profits of [...]

Turn For Symantec In Pre-Market Trading Following Q1 Performance

Symantec Corporation (NASDAQ: SYMC) has fallen behind earnings after announcing Q1 profits of $0.20 per share compared to a market expectation of $0.35 per share.  At 8:35 AM EST Symantec was down 9.75% from $14.67 to $13.24 and has traded 241,310 shares, compared with the daily average of 15,290,500, making it one of the greatest [...]

DJSP Faces Premarket Woes

DJSP Enterprises, Inc. decreased dramatically this morning in premarket trading with regards to percentage. At 8:35 AM EST the company was down from $4.78 to $4, a change of 16.32%.  This follows Tuesday’s announcement that that company had completed its acquisition of Timios, Inc., a move which DJSP CEO David Stern refers to as, “a significant [...]

Ericsson Drops On Dissapointing Q2 Results

LM Ericsson Telephone Company (NASDAQ: ERIC) fell pre-market as a result of poor second quarter results, in which sales for comparable units, adjusted for currency and hedging, was down 15% compared to last year.  At 8:35 AM EST the company was down 1.86% to $11.07 from $11.28 and has traded 583,800 shares, which is an [...]