Volume Spike Investor » pre-market losers

4 Big Price Drops (MOLX, STM, VPRT, WSM)

247admin — Wed, 29 Oct 2008 13:08:26 +0000

Here are four stocks seeing sizable drops in this morning’s pre-market trading after earnings and guidance came in at very disappointing levels. Here are today’s big gap-down stocks (9:05 AM EST):

Molex Inc. (NASDAQ: MOLX) -10%
STMicroelectronics N.V. (NYSE: STM) -3.5%
VistaPrint (NASDAQ: VPRT) -16%
Williams-Sonoma (NYSE: WSM) -10% or so…

You can see the full synopsis on each at 24/7 Wall St.

Jon C. Ogg
October 29, 2008

Chips Under Pressure Over Downgrades (MRVL, BRCM, IDTI)

247admin — Tue, 26 Aug 2008 12:42:53 +0000

We are seeing some select chip stock downgrades affecting shares negatively this morning. We have shown the downgrades attached and the pre-market reactions seen so far this morning.

Marvell Technology (MRVL) was cut to Hold from Buy at Jefferies; shares down over 4% at $14.90 on more than 300,000 shares.
Broadcom (BRCM) was cut to Perform from Outperform at Oppenheimer; shares down 1.9% at $25.67 on volume of only about 8,400 shares.
Integrated Device Tech (IDTI) was cut to Perform from outperform at Oppenheimer; shares down 2.6% atr $10.76 on very thin volume.

8:44 AM EST

JON OGG
August 26, 2008

Pre-Market Price/Volume Spike: Altus Pharmaceuticals (ALTU)

247admin — Tue, 12 Aug 2008 12:45:50 +0000

We are seeing a rather large price reaction to the downside and a subsequent volume spike as a result of news from Altus Pharmaceuticals Inc. (NASDAQ: ALTU). This stock is down sharply after mixed results in a cystic fibrosis Phase III trial in patients with pancreatic insufficiency. The study met some of the endpoints, but there were hopes for better results that had been indicated and some results varied geographically between those in the U.S. and those outside the U.S.

As of 8:45 AM EST we are seeing shares trade down about 33% at $3.35 in pre-market trading on about 64,000 shares. Average daily volume is generally 240,000 shares, which we should be close to by the market open or shortly after the open.

This is a 52-week trading low as the prior range was $3.65 to $14.30. After the drop this morning, the market cap is now around $108 million. While it has stock options, the only month and contract with 1,000 contracts in the open interest is the SEP08 $5.00 CALLS.

JON OGG

August 12, 2008

PRE-MARKET: 10% PRICE GAP DOWNS

247admin — Thu, 31 Jul 2008 12:47:28 +0000

As of 8:50 AM EST we are seeing many stocks that are gapping downn more than 10% in pre-market trading on generalyl active volume. Here we have yesterday’s close, the indicated trade levels and the volume as of 8:50 AM EST.

COMPANY NAME (TICKER)                        CLOSE     8:50AM    %DROP      VOLUME
Bare Escentuals, Inc. (NASDAQ: BARE)     $16.93     $12.40     26.76%     163,945
Akamai Technologies (NASDAQ: AKAM) $31.25     $25.63     17.98%     988,048
Hologic, Inc. (NASDAQ: HOLX)                $22.85     $18.89     17.33%     1,272,574
Stratasys, Inc. (NASDAQ: SSYS)               $19.27     $16.51     14.32%     3,900
THQ Inc. (NASDAQ: THQI)                      $16.05     $14.40     10.28%     42,500

It looks like earnings is the culprit on each, with some downgrades adding salt on the wounds.
Jon Ogg
July 31, 2008