Volume Spike Investor

Level 3 Communications, Inc. (NASDAQ: LVLT) is trading lower this morning after the wholesale broadband and bandwidth communications provider posted revenue of $916 million, down from $1.07 billion a year ago and down from $942 million for the second quarter 2009.  The net loss was $170 million, or ($0.10) per share.  Thomson Reuters had estimates [...]

Level 3 Communications Inc. (NASDAQ: LVLT) is trading down sharply this morning after this week’s earnings.  The culprit is a downgrade from Goldman Sachs… down to a SELL from an already cautious “Neutral” rating.  Level 3 is off 9.9% at $1.28 on almost 8 million shares as of 10:36 AM EST.  This one trades an [...]

Level 3 Communications Inc. (NASDAQ: LVLT) is soaring in after-hours trading.  The company disclosed a contract with an initial 20 year term and a minimum revenue target of $140 million over the first four years of the deal.  Level 3 stock is up 10% at $1.43 as of 4:53 PM EST, and that is after [...]

Level 3 Communications Inc. (NASDAQ: LVLT) is trading up 7% at $1.21 in a sudden flurry of trading.  The WSJ has reported that it is in preliminary talks with Sprint over a joint venture.  As of 2:35 PM EST this one crossed into positive territory and has easily crossed over 140% of its average daily [...]

Level 3 Communications (NASDAQ: LVLT) is truly sucking wind this morning.  Shares are down 7% at $0.99 on over 6 million shares at 10:09 AM ESt.  The average daily volume is almost 28 million shares.
It seems that we aren’t alone in our concerns about its recent filing and abilities to raise cash.  Shares gave back [...]

The NASDAQ Short Interest is out again and we are seeing some trends cropping up in many key tech names shares sold short in a number of tech and telecom companies rose from the prior June report:

The short interest in Intel (NASDAQ: INTC) was up 27.4 million to 89.1 million.
The short interest in Cisco Systems [...]

Level 3 Communications (NASDAQ: LVLT) has been a head-scratcher yesterday and today. Yesterday we noticed a 2-times volume day with an 8% rise. Now this morning we have seen a sharp move with an 8% gain to $4.04 in an hour and 15 minutes of trading volume. At 13 million shares traded [...]