Volume Spike Investor

Intuitive Surgical, Inc. (NASDAQ: ISRG) is seeing its shares get pounded this morning.  As of 9:19 AM EST we have seen over 225,000 shares trade hands.  What is interesting is that this stock only trades about 1.23 million shares per day and it generally takes a lot to move the stock this much.  Shares are [...]

Novatel Wireless Inc. (NASDAQ: NVTL) is getting killed this morning.  Shares were already close to 52-week lows, and now they are hitting fresh 52-week lows.  The wireless broadband modem maker for laptops and cellular companies missed its earnings views and Piper Jaffray has slashed its rating down to Sell.
Shares were already down almost 70% from [...]

Shares of Jack Henry & Associates, Inc. (NASDAQ: JKHY) are being hit hard pre-market.  The provider of integrated computer systems for in-house and outsourced data processeing for financial institutions missed its earnings targets last night.   As of 8;30 AM EST we have only seen about 5,500 shares trade hands, but the drop is by [...]

Below is a list of today’s worst performing stocks as of 9:40 AM EST:
MIDWAY GAMES INC. (MWY)       $3.17 (-$0.75; -19.13%)
GLOBAL INDUSTRIES (GLBL)        $9.23 (-$2.19; -19.18%)
OTTER TAIL CORP (OTTR)           $36.78 (-$7.94; -17.75%)
RACKABLE SYSTEMS (RACK)        $10.40 (-$2.15; 17.13%)
HIMAX TECHNOLOGIES (HIMX)  $2.92 (-$0.62; -17.51%)
NUMEREX CORP. (NMRX)            $5.10 (-$0.90; -15.00%)
W&T OFFSHORE, INC. [...]

SanDisk Corp. (NASDAQ: SNDK) is seeing some unusual options trading in the near months contracts today.  Here we show the options contracts by strike and by month with open interest there:
JUL08 CALLS   Volume   OpInt
$25.00            9,821    25,781
$27.50            17,840  29,408
$30.00            1,957    11,285
$32.50            4,567    10,185
AUG08 CALLS  Volume  OpInt
$20.00            6,878    1,398
$22.50    [...]

There has been what sort of looks or feels like a concerted early-afternoon selling surge in shares of JPMorgan Chase (NYSE: JPM).  What is interesting about this selling surge is that JPMorgan is THE best of the best banks right now.  This had been positive all morning but the selling picked up right after Noon [...]

Bank of America (NYSE: BAC) has been one of the under pressure banking stocks on its own accord of late.  But today we have seen many options trades go off in the Put options.  This may be nothing more than a roll-out as last Friday was expiration date, and it could just be traders making [...]

We have seen a severe downward volume spike in trading in the shares of MBIA Inc. (NYSE: MBI) and AMBAC Financial Group Inc. (NYSE: ABK).
Today’s action can be chalked up to a Moody’s “review” that may sweep away the bond insurers’ “Aaa” ratings to levels more similar to “Aa” rated.
Ambac Financial Group, Inc. (NYSE: ABK) [...]