Massey Price/Volume Surge on M&A Hope (MEE, ANR)
Massey Energy Co. (NYSE: MEE) has been more troubled than peers due to a mining disaster. The company has reportedly been considering putting itself up for sale and headlines from the WSJ that it is weighing an offer from Alpha Natural Resources, Inc. (NYSE: ANR) is sending shares higher on active volume. Massey shares are [...]
Massey Looking at Day Three (MEE)
Massey Energy Co. (NYSE: MEE) may trade up or may trade down. The early morning bets are for a gain after two hard days of losses after its Monday blast killed at least 25 workers. Shares are indicated up 1% at $45.66 but only on about 18,000 shares as of 8:06 AM EST. UPDATE 9:21 [...]
Top Day Trader Alerts (AMSC, RDEA, CA, CPBY, MEE, CIGX, TIVO)
These are this Tuesday’s top day trading alerts. We have included news, the relative price moves, and added color on each where applicable. Time stamps as of 8:50 AM EST… UPDATED RIGHT AFTER THE OPEN FROM 9:35 to 9:37 AM EST: American Superconductor Corporation (NASDAQ: AMSC) is up almost 4% at $29.95 on thin volume [...]
Top Day Trader Alerts (ADBE, GENZ, JBL, LEN, LINE, MEE, NVAX, SBUX)
Adobe Systems Inc. (NASDAQ: ADBE) beat earnings expectations and said that its business is improving. Shares are up over 5% at $37.10 despite a red market this morning. At 9:04 AM EST we have seen 295,000 shares trade hands and the 52-week range is $20.39 to $38.20. Genzyme Corporation (NASDAQ: GENZ) is down after reports [...]
Top Day Trader Alerts (AMSC, BIDU, CTIC, ISSI, JSDA, MEE, ONTY, SQNM, SOMX)
We have many stocks on the move this morning. Some are secondary offerings and many are on news and analyst calls. Below is a snapshot on each with the news, the move, relative price and average daily volume and other pertinent color where applicable. American Superconductor Corporation (NASDAQ: AMSC) is launching after the company was [...]
Massey Energy Sees Unusual Put Option Trading (MEE)
Massey Energy Co. (NYSE: MEE), the large bituminous coal company, is seeing some very unusual trading today. As coal often tracks energy stocks this is down 4.5% at $27.58, but the trading volume is not active nor unusual with 4 million shares traded hands as of 12:30 PM EST versus average volume of 6.5 milliuon [...]
SECTOR GAP-UP: COAL STOCKS (ACI, FCL, MEE, BTU)
COAL STOCKS are gapping up higher this morning at the open, and it isn’t just over higher oil prices rising almost $4.00 to back over $118 per barrel. UBS has raised its sector ratings to a BUY from the NEUTRAL sector rating. Shares raised to BUY were Arch Coal (NYSE: ACI) +3.5%, Foundation Coal (NYSE: [...]
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