Volume Spike Investor

Novell Inc. (NASDAQ: NOVL) is trading up as one of the more active stocks this morning. As we expected the company would have to do, it rejected the Elliott private equity takeover bid as ‘Inadequate.’  But the company said it is now exploring strategic alternatives and assess its options including a potential sale.  At 8:50 [...]

We have taken a look at the movers up and down today and pulled out the key names we have seen on news with exponential trading volume.  We have also included the news and relative color on the trading day and offered a link to each where applicable.  Share prices as of a 12:25 PM [...]

LM Ericsson Telephone Co. (ERIC) is down almost 3% at $10.97 on over 100,000 shares as of 8:35 AM EST.  The stock was downgraded at BofA/ML and at Goldman Sachs.  The 52-week range is $7.62 to $11.33 and the average volume is over 6 million shares. CIT Group, Inc. (NYSE: CIT) is trading up despite [...]

FUQI International Inc. (NASDAQ: FUQI) is showing why this was the IBD 100 #1 Chart this last weekend.  The Chinese jeweler said that Q2-2009 revenues rose by 50.6% to $100.8 Million as gross margin rose 660 basis points to 17.2%.  Net income rose 86.8% to $9.9 million, or $0.45 EPS.  To add a bit of [...]

Fuqi International, Inc. (NASDAQ: FUQI) is trading up again this morning. We have shares up 3.6% at $25.00 on about 10,000 shares as of 8:58 AM EST. This is more of a chartist alert for the Chinese jewelry player as it was named to the top slot as #1 on the IBD 100 over the [...]

Shares of jewelers Blue Nile Inc. (NILE) and Fuqi International Inc. (FUQI) appear to be rising on speculation that recent stock price declines on fears of slack demand for luxury items may be overdone. Citigroup upgraded shares of Blue Nile to Buy from Hold, citing reasonable earnings estimates, citing in part greater price flexibility given [...]