Volume Spike Investor

ICAgen Inc. (NASDAQ: ICGN) is soaring.  Shares closed at $0.54 on Monday and at 8:45 AM EST we have shares up 70% at $0.92 on about 85,000 shares.  Be advised that this micro-cap biotech was at $1.00 earlier this morning and that the 52-week trading range was $0.31 to $1.59.  The company reported positive results [...]

Full coverage is over at 24/7 Wall St. of news affecting Macau casino stocks.  The good news is that these have all bounced some from lows, but these are all still lower and on active volume. Wynn Resorts Ltd. (NASDAQ: WYNN) is down almost 3% at $65.90 on 5.9 million shares versus and average volume [...]

Melco Crown Entertainment Ltd. (NASDAQ: MPEL) is not up that much with a 1% gain to $5.32 as of 8:53 AM EST.  But the stock is among the most active of pre-market stocks with over 600,000 traded as of 8:53.  Average volume is 4.3 million shares.  The company’s secondary offering of 38,834,950 ADSs came in [...]

Most gaming stocks are off big today, and along with materials and commodity stocks are among the very weakest in the market. Most are down on average or below-average volume, including Las Vegas Sands Corp. (NYSE: LVS), Wynn Resorts Ltd (Nasdaq: WYNN), Penn National Gaming Inc. (Nasdaq: PENN), and MGM Mirage (NYSE: MGM). One exception [...]

Casino stocks, particularly those with a Macau angle are active in trading today.  There are concerns that Singapore’s government will enter a venture to take over the Las Vegas Sands Corp. (NYSE: LVS) resort in Macau if the company is unable to fight off loan defaults. As Wynn Resorts (NASDAQ: WYNN) is supposed to be [...]