Volume Spike Investor » NBG

National Bank of Greece Doubles Volume (NBG)

247admin — Fri, 23 Apr 2010 18:36:01 +0000

National Bank of Greece SA (NYSE: NBG) has 90 minutes to go before the closing bell, and traders are still perfectly yoked at equilibrium…. Greece finally asks for help and the new line has shares effectively flat at $3.13 on over 13.6 million shares as of 2:30 PM EST. Average volume is only 6.6+ million, so we have now already seen 200%+ of volume with more time until the close. Trading volume was over 20 million shares, so this is yet another day in paradise.

If you want all of The New Greek Financial Terms, this is a little humor.

JON C. OGG

National Bank of Greece, PIIGS in the Mirror (NBG)

247admin — Thu, 22 Apr 2010 12:42:34 +0000

National Bank of Greece SA (NYSE: NBG) is down yet again. The Greek budget deficit was worse than expected, causing more woes to Greece and therefor to NBG as it is the proxy stock which investors use to bet their daily trades on in Greece. Shares are trading down almost 4% at $3.20 per ADS this morning and at 8:39 AM EST we have seen 175,000 shares trade hands. This is becoming only too routine. The 52-week range is (was0 $3.33 to $8.37 and the average volume is now 6.3 million shares.

JON OGG

A Greek Bank Win (NBG)

247admin — Mon, 12 Apr 2010 12:12:56 +0000

National Bank of Greece SA (NYSE: NBG) is trading higher this morning on the Greek bailout. The E.U. is coming in with 30 billion Euros for Greece if it requests the assistance. NBG has become the proxy for the country, but the stock was up more on the preliminary reports that aid was coming on Friday. At 8:12 shares are up 2.5% at $4.05 on 300,000 shares.

JON OGG

National Bank of Greece; In The Grease (NBG)

247admin — Thu, 08 Apr 2010 11:57:10 +0000

National Bank of Greece SA (NYSE: NBG) is indicated lower this morning after more woes in Greece. Greek banks and stocks got trounced overseas after yield spreads continue to widen out in Greece. Shares are indicated down around $3.49 per ADR versus a $3.73 close. UPDATE 9:20 AM EST shares are down 5.4% at $3.53 on 536,000 shares.

As a reminder, this is now a proxy for Greece for U.S. investors as one of the only ways to get exposure in the Greek financial sector. The 52-week trading range is $3.40 to $8.37 and the average volume is now over 4 million shares per day.

JON OGG

Top Day Trader Alerts (APP, CPWM, NBG, ORCT, PALM, TUTR, RIMM, SOMX, SMOD)

247admin — Fri, 26 Mar 2010 12:58:13 +0000

American Apparel, Inc. (AMEX: APP) is losing its edge. After earnings, the company’s profit slid but was in-line. It has deferred on offering a 2010 outlook. Most importantly, it announced layoffs. That doesn’t sound like a growth story anymore, does it… Shares are down 9.3% t $3.48 on 17,000 shares at 8:48 AM EST.

Cost Plus, Inc. (NASDAQ: CPWM) is one of the larger gainers this morning. The company unexpectedly posted a Q4 earnings profit and expects to be profitable in Q1 after a long long losing streak. Shares are up 26% at $2.68 on 23,000 shares as of 8:48 AM EST. The 52-week high is $3.40 and the average volume is just over 200,000 shares.

National Bank of Greece SA (NYSE: NBG) is trading up this morning as this is now the traders’ proxy for betting on Greece and after the aid package by the E.U….. Shares were up over 5% earlier but at 8:49 AM EST shares are up 4.65% at $4.28 on about 65,000 shares.

Orckit Communications, Limited (NASDAQ: ORCT) is one of the larger losers today. We’ll have to check overseas for news. At 8:49 AM EST we have shares down 14% at $4.05 on over 100,000 shares. This trades only about 66,000 shares per day.

Palm, Inc. (NASDAQ: PALM) might not be able to help itself, but it got outside help. JPMorgan raised its rating to Market Perform from Outperform after the selling onslaught. Shares are up 3% at $3.82 on about 110,000 shares.

Plato Learning, Inc. (NASDAQ: TUTR) closed at $4.91 and its 52-week range was $1.50 to $5.00. The company went into a $143 million merger agreement with Thoma Bravo, which is $5.60 per share in cash. The PLATO Learning board of directors unanimously approved the agreement and will recommend that shareholders approve the transaction. This is a thin volume stock but shares are indicated up around $5.55 to $5.65.

Research-in-Motion Ltd. (NASDAQ: RIMM) is up after its rating was raised to Overweight at JPMorgan; GMP also lifted its target today. At 8:51 AM EST shares are up 2% at $74.90 on over 150,000 shares.

Somaxon Pharmaceuticals, Inc. (NASDAQ: SOMX) priced an underwritten public offering of 6,000,000 shares of its common stock at a price to the public of $8.25 per share. This was originally supposed to be 4 million shares but he demand raised the size. Shares closed at $9.51 Thursday and at 8:51 AM EST shares are down 3% at $9.22 on 1.15 million shares.

Smart Modular Technologies (NASDAQ: SMOD) is trading after its Q2 earnings beat expectations and on a strong Q3 outlook. Shares are up over 16% at $8.37 on 78,000 shares as of 8:51 AM EST.

You can join our free daily email distribution list to hear more about dividend trends, analyst upgrades and downgrades, top day trader and active trader alerts, news on Buffett and other investment gurus, IPOs, secondary offerings, private equity, and more.

JON C. OGG

Top Day Trader Alerts (CSCO, CNAM, NBG, FSLR, JSDA, DRYS, FEED, BWEN, FMD)

247admin — Tue, 09 Mar 2010 13:46:39 +0000

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, Inc. (NASDAQ: CNAM) is down 4% at $9.05 on 15,000 shares as of 8:30 AM EST. This stock has been all over the place since last week and has recently seen a high of $11.10. UPDATE 9:11 AM Down 3.1% at $9.15 on 16,500 shares.

National Bank of Greece SA (NYSE: NBG) was not listed in our top ten analyst calls this morning but should have been. Deutsche Bank has downgraded the Greek bank to Hold from Buy due to its finance woes due to the Greek situation. At 8:25 AM EST we have shares down almost 3% at $4.22 on about 450,000 shares. Average volume is now over 3 million shares versus what was not even a half-million as recently as November. Update 9:11 AM -2.76% at $4.23 on almost 500,000 shares.

First Solar, Inc. (NASDAQ: FSLR) is still rather thin in volume but shares are down about 4% at $104.45 as of 8:25 AM EST. The stock was downgraded to Underweight at JPMorgan. Update 9:11 AM -2.7% at $105.70 on 74,000 shares,

Jones Soda Co. (NASDAQ: JSDA) didn’t catch someone peeing in the drink mix but you wouldn’t know it if you saw the stock. At 8:28 the shares are down 40% at $0.50 on only about 24,000 shares after a $0.84 close yesterday. The 52-week range is $0.40 to $1.53. Reed’s and Jones Soda are merging or at least have a letter of intent to merge; JSDA shareholders will receive 0.17 of a share of REED and will receive cash of $0.10 per JSDA share. Reed’s closed at $1.58 yesterday so the merger price there would be almost $0.37. Jones’ CEO will depart the company. This is actually a “takeunder’ if it is even allowed. UPDATE at 9:11 AM shares are down ‘only’ 26% at $0.62 on 31,000 shares.

DryShips, Inc. (NASDAQ: DRYS) is trading down about 1% at $6.03 on 200,000 shares as of 8:32 AM EST. This is after yesterday’s price/volume spike up on rumors which have all but been panned by market watchers as hearsay. Update 9:12 AM -0.6% at $6.06 on 340,000 shares.

AgFeed Industries, Inc. (NASDAQ: FEED) is trading up 17.5% at $5.30 on 281,773 shares as of 8:35 AM EST. The company posted record revenues and said production volumes increased by 66% in the company’s hog division and 56% in the animal nutrition division. Total 2009 revenue was a record $173.2 million, an increase of over 20% from 2008. Update 9:12 AM EST up 18% at $5.33 on 890,000 shares.

Broadwind Energy, Inc. (NASDAQ: BWEN) is up after JPMorgan started the stock with an Overweight rating and a $6.50 target. Shares are up 3.7% at $5.30 on about 13,000 shares as of 8:35 AM EST.

First Marblehead Corp. (NYSE: FMD) is up 6% at $2.91 on about 15,000 shares as of 8:40 AM EST. The OTS terminated a cease and desist order for its Union Federal unit which it is still evaluating alternatives. This stock had originally indicated higher and above $3.00 after a $2.74 close.

You can join our free daily email distribution list to hear more about analyst upgrades and downgrades, top day trader and active trader alerts, news on Buffett and other investment gurus, IPOs, secondary offerings, private equity, and more.

JON C. OGG

Top Day Trader Alerts (STEC, SLXP, NBG, GRMN, ADSK, ACAS)

247admin — Wed, 24 Feb 2010 13:41:21 +0000

These are this morning’s top day trader and active trader alerts seen in the pre-market activity. We have news summaries and background data where applicable on each.

STEC Inc. (NASDAQ: STEC) is getting crushed after last night’s news. We have seen three downgrades and expect more after the company continues to get hit on asset impairment charges. After closing at $13.42, STEC is indicated down under $10.00 this morning. Shares are down 29% at $9.43 on 700,000 shares as of 8:24 AM EST. Look for volume to rise rapidly and surpass its 5 million average early. The 52-week trading range here is $4.92 – $42.50.

Salix Pharmaceuticals, Ltd. (NASDAQ: SLXP) closed at $24.25 and shares are up 18% at $28.65 on 200,893 shares as of 8:26 AM EST. The company reported that the FDA Advisory Committee recommended approval Of XIFAXAN® (rifaximin) tablets for maintenance of remission of hepatic encephalopathy.

National Bank of Greece SA (NYSE: NBG) is now trading up almost 2% at $3.85 on almost 10,000 shares as of 8:24 AM EST after shares had been indicated lower earlier this morning pending yesterday;s Fitch downgrade of Greek banks.

Garmin Ltd. (NASDAQ: GRMN) is trading higher after earnings this morning. The GPS and PND maker closed at $34.45 and shares are up 2.5% at $35.30 on 105,903 as of 8:30 AM EST.

Autodesk, Inc. (NASDAQ:ADSK) is trading up after its Q4 earnings beat analyst expectations. We also saw a Buy upgrade at Needham. At 8:30AM EST we have shares trading up about 6.7% at $27.40 on about 100,000 shares.

American Capital, Ltd. (NASDAQ: ACAS) is trading lower after its earnings on Tuesday night were short of expectations. We have shares down 2.6% at $3.75 on 120,000 shares as of 8:32 AM EST.

You are invited to join our free daily email distribution list to hear about top analyst upgrades and downgrades, IPOs and secondary offerings, ongoing day trader and options trader alerts, stock and market rumors, Buffett and guru investor news, M&A and more.

JON C. OGG

Top Day Trader Alerts (ADBE, ATHX, BIDU, CPST, DELL, HMC, MCZ, NBG, NTGR, S)

247admin — Wed, 10 Feb 2010 13:51:41 +0000

We have many key movers, and many up by double-digit percentages. These are this morning’s top day trader and active trader alert stocks:

Adobe Systems Inc. (NASDAQ: ADBE) is trading up 3.5% at $33.45 on about 76,000 shares after two different analyst upgrades.

Athersys, Inc. (NASDAQ: ATHX) is trading up big after it received a U.S. patent covering adult stem cell composition & production. Shares are up over 30% at $3.76 on 400,000 shares.

Baidu, Inc. (NASDAQ: BIDU) is surging over 8% and above the $470.25 mark at all-time highs. The company beat earnings and raised guidance.

Capstone Turbine Corp. (NASDAQ: CPST) is trading up 5% at $1.20 on almost 50,000 shares. A boutique called Northland upgraded the stock this morning. FULL ANALYST CALLS

Dell Inc. (NASDAQ: DELL) is up 2.66 at $13.91 but had been up over 3%. Only about 200,000 shares have traded. FULL ANALYST CALLS

Honda Motor Co. (NYSE: HMC) is down 1.95% at $33.85 on 381,000 shares pre-market. This is almost never a key price/volume alert, but it expanded a previous recall for 378,758 more vehicles in the U.S. related to driver-side airbag rupture issues.

Mad Catz Interactive (AMEX: MCZ) is a huge gainer this morning on video game peripheral sales. The company reported Q3 sales of $48.8 million and net income of $5.6 million. We are looking at gains of over 40% at $0.498 on about 90,000 shares.

National Bank of Greece SA (NYSE: NBG) is trading down this morning despite hope of an E.U. or German-led rescue of its debt issues. Shares are down 4.7% at $4.06 on over 100,000 shares. Yesterday was a record on volume seen in many years and the stock was one of Tuesday’s top gainers.

NETGEAR Inc. (NASDAQ: NTGR) beat earnings and put revenues for the coming quarter above estimates. Shares are up 13.5% at $24.70, but on fewer than 20,000 shares versus an average daily volume of 260,000 shares. Anything above $23.41 marks a new 52-week high.

Sprint Nextel Corp. (NYSE: S) is trading down 3% at $3.54 on over 1.9 million shares after it posted a narrower loss on lower revenues and its subscriber loss shrank in the fourth quarter as well.

Timestamps around 8:45 AM EST

JON C. OGG
FEBRUARY 10, 2010

National Bank of Greece Setting Record Volume (NBG)

247admin — Tue, 09 Feb 2010 18:23:25 +0000

National Bank of Greece SA (NYSE: NBG) is up on hopes that that either a German-led or EU-led bailout or aid package will end the country’s woes. It is not just important by how much higher this stock is today, but the notion of the major trading volume is extremely important. This has become the trader’s proxy stock for an EU or German bailout of Greece.

The 18.4% gain is more than impressive in the ADRs to $4.05. Throughout this entire crisis yesterday was the zenith… 5,080,700 shares with a $0.52 loss to $3.42. We still have 2 hours and 45 minutes of trading to go before the close and this has traded 8.87 million shares as of 1:17 PM EST. This is more than 6-times normal trading volume of 1.46 million shares.

This number of shares won’t seem like much to the traders who trade $1 stocks that trade 50 million shares in a day. But this is the most active trading day far going back to at least 2006. That is called a proxy stock if you ever saw one.

JON C. OGG

Top Day Trader Alerts (AMGN, ACLI, CTIC, CERS, ERTS, LCAV, NBG, SQNM)

247admin — Tue, 09 Feb 2010 13:59:48 +0000

These are some of the top trading stocks seen on price and volume moves for day traders and active traders:

Amgen Inc. (NASDAQ: AMGN) is trading up this morning by 2.25% at $58.75 on almost 200,000 shares on its report that its Phase III head-to-head trial evaluating Denosumab met its primary and secondary endpoints versus Zometa in a 1900+ study in the treatment of advanced prostate cancer that has progressed to bone metastases.

American Commercial Lines Inc. (NASDAQ: ACLI) is soaring as the top gainer on NASDAQ but on this volume. The headline earnings were $1.09 EPS vs. $0.06 as revenue fell 16% to $226.9 million versus estimates of $222.5 million. The revenue drop was blamed on commodities shipped by transportation customers and lower tow revenues as tons/mile volume declined was down 1.4%. A large short interest exists here at 1.077 million shares or 11.5% of the float. Shares are up 26% at $20.48 but on 13,000 shares.

Cell Therapeutics, Inc. (NASDAQ: CTIC) is up after a huge sell-off yesterday after the FDA postponed its Oncologic Drugs Advisory Committee Meeting to review Pixantrone due to severe snow conditions around the nation’s capital. Shares closed at $0.64 and are indicated up around $0.78 on 1.9+ million shares. Shares were as high as $0.84 in earlier trading.

Cerus Corporation (NASDAQ: CERS) is trading up 16%, even above earlier indications, at $2.35 on 81,000 shares after the company reported positive results of its Phase 1 clinical trial of INTERCEPT red blood cells and on its report that it will collaborate with the French National Transfusion Service on INTERCEPT red blood cell development.

Electronic Arts Inc. (NASDAQ: ERTS) down 7.8% at $16.12 on 700,000 shares; very actively traded to downside last night; this after earnings were mostly in line with estimates but the company lowered guidance all the way out to Fiscal March-2011.

LCA-Vision Inc. (NASDAQ: LCAV) beat earnings this morning but just with a more narrow loss (-$0.19 EPS). We have not paid attention to the rest of the data from the call but shares are down 9.5% at $5.35 on only about 12,000 shares. This is rarely a stock that trades in the pre-market.

National Bank of Greece SA (NYSE: NBG) is seeing a major pop up this morning despite a Goldman Sachs downgrade that is way too late. This is on the major overhaul proposed. Shares are up 10% at $3.77 on about 40,000 shares.

Sequenom, Inc. (NASDAQ: SQNM) is trading up over 5% at $4.35 this morning on 60,000 shares after the company reported that it licensed the worldwide rights to develop age-related macular degeneration diagnostic test to Optherion and is expected to launch in 2011.

Price snapshots as of 8:40 to 8:50 AM EST

JON C. OGG
FEBRUARY 9, 2010