Volume Spike Investor

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 [...]

DryShips Inc. (NASDAQ: DRYS) is up 7.61% in pre-market trading this morning to $4.81.  This move follows news that the company a Letter of Award for exploration drilling offshore West Africa.  The contract is estimated to be worth $135 million. DryShips has traded 786,439 shares so far this morning at 8:35 AM EST.  The gain [...]

DryShips, Inc. (NASDAQ: DRYS) was up 1.55% to $4.60 (8:21AM EDT) as investors continued to speculate on the stock ahead of 2Q 2010 earnings. DRYS has traded only 15,700 shares, with an average volume of 9.61 million and a 52-week range of $3.28 to $7.99. Shares of the Greece-based container shipping company had been rising consistently [...]

We updated the major short interest changes on some of the most active cult stocks that are from listed penny stocks and low priced stocks based on June 15 settlement date changes from May 28.  Stock tickers are as follows: ALU, ABK, BBI, BGP, BRCD, C, DRYS, FRE, FNM, NOK, PALM, PMI, BPOP, RAD, SIRI, [...]

American International Group, Inc. (AIG) up 3.4% at $36.30 on 338,000 shares as of 8:40 AM EST.  Yesterday’s gap up was lost during the day, so let’s see what Friday has in store. DryShips Inc. (NASDAQ: DRYS) is trading up 2.75% at $6.35 on 320,000 shares as of 8:40 AM EST. Pacific Sunwear of California, [...]

Cisco Systems, Inc. (NASDAQ: CSCO) is trading up another 0.8% at $26.34 and challenging yesterday’s $26.36 52-week high.  At 8:26 AM EST we have seen over 900,000 shares trade hands ahead of the 11 AM announcement that will “forever change the internet.” UPDATE 9:11 up 0.7% at $26.32 on 2.4 million shares. China Armco Metals, [...]

DryShips, Inc. (NASDAQ: DRYS) has seen more than its fair share of trading today.  The afternoon chatter is ‘buyout rumors’ but these sound more like BS than real meat.  Briefing.com ran the buyout rumor piece today, and we have seen Indie Research cover the rumor and then Barron’s cover it in all but an outright [...]

DryShips Inc. (NASDAQ: DRYS) is rallying with the market and also on an analyst upgrade.  The stock of the shipper was raised to Buy from Hold over at Cantor Fitzgerald as part of a sector ratings change.  At 8:53 AM EST we have shares trading up almost 5% at $6.11 on 687,000 shares.  The 52-week [...]

DryShips, Inc. (NASDAQ: DRYS) is strong this morning after the Greek shipper was started in analyst coverage with a “Buy” rating at Deutsche Bank.  At 8:21 AM EST we have shares trading up 4.4% at $6.58 on over 440,000 shares of stock.  Average volume here is still 25 million.  After the crazy moves seen on [...]

DryShips, Inc. (NASDAQ: DRYS) is seeing some options activity that stands out today, although it is a bit muted by our count considering that the $300 million convertible note offering was juiced up to $400 million and considering the share lending agreement with Deutsche Bank.  The action is almost irrelevant in NOV-2009, but the December [...]