Posts Tagged ‘CREE’

Huge Volume Spike in LED Stocks: It Looks Real This Time (CREE, VECO, AIXG)

On Friday there was explosive volume in the LED stocks on news that China is going to be phasing out larger incandescent bulbs over the next year and smaller bulbs over the next three years.  The volume was three-times and four-times normal in many of these stocks.  What is different about the news is that [...]

Cree Soars (CREE)

Cree Inc. (NASDAQ: CREE) is up significantly in the early hours after beating estimates.  It posted $0.38 EPS vs. $0.30 estimates; revenues rose 35% to $200 million versus $187 million estimates. At 8:57 AM EST we have shares up over 12% at $60.75 on 145,000 shares.  The prior 52-week high was $60.00, the low is $16.07; average [...]

Price/Volume Alert: Cree Inc. (CREE)

Cree Inc. (NASDAQ: CREE) raised its fourth-quarter earnings and revenue targets on strong bookings for both lighting and laptop LED products.  Shares are indicated up 9% at $30.25, but so far we have only seen 10,400 shares trade hands as of 8:29 AM EST. JON C. OGG