Volume Spike Investor » analyst downgrades

Downgrades Affecting These Stocks (KELYA, RHI, KLAC, DRIV, LRCX)

247admin — Thu, 04 Sep 2008 12:59:02 +0000

Below are some analyst calls affecting shares to the downside this morning (9:01 AM EST):

Kelly Services (KELYA) Cut to Sell at Citigroup; shares indicated down 3%, no volume. Same call on Robert half (RHI) with no volume but indicated down 3% or more.
KLA-Tencor (KLAC) Cut to Equalweight at Morgan Stanley; shares down 1.8% at $34.30 on light volume.
Lam Research (LRCX) Cut to Underweight at Morgan Stanley; shares down 2.6% at $32.75, very thin volume so far.
Digital River (DRIV) Cut to Hold from Buy at Stanford (boutique); shares down 2% at $43.90 on 3,400 shares.

JON OGG

September 4, 2008

Chips Under Pressure Over Downgrades (MRVL, BRCM, IDTI)

247admin — Tue, 26 Aug 2008 12:42:53 +0000

We are seeing some select chip stock downgrades affecting shares negatively this morning. We have shown the downgrades attached and the pre-market reactions seen so far this morning.

Marvell Technology (MRVL) was cut to Hold from Buy at Jefferies; shares down over 4% at $14.90 on more than 300,000 shares.
Broadcom (BRCM) was cut to Perform from Outperform at Oppenheimer; shares down 1.9% at $25.67 on volume of only about 8,400 shares.
Integrated Device Tech (IDTI) was cut to Perform from outperform at Oppenheimer; shares down 2.6% atr $10.76 on very thin volume.

8:44 AM EST

JON OGG
August 26, 2008

Price/Volume Alert: Level 3 (LVLT)

247admin — Wed, 13 Aug 2008 12:55:02 +0000

Level 3 Communications Inc. (NASDAQ: LVLT) is rather active in pre-market trading. The company’s stock was cut to “Underperform” at Oppenheimer this morning along with a couple other communications carriers. As of 8:55 this has traded over 150,00 shares and the stock is down nearly 5% at $3.23. What is surprising more than the drop and more than the call is that the volume isn’t already up in the “millions” as this trades about 25 million shares per day and is a key day trader and low-price trader stock. The 52-week trading range is $1.68 to $5.38. This also takes the stock to key technical levels as the 50-day moving average is $3.30 and the 200-day moving average is $2.95.

Jon C. Ogg
August 13, 2008