Volume Spike Investor » pre-market movers

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

Price/Volume Alert: Airlines (UAUA, JBLU)

247admin — Thu, 21 Aug 2008 13:06:54 +0000

Higher gas costs are already rolling back into hitting airline stocks. As some of these have risen 3-fold or more from lows after the last $30+ drop in oil prices per barrel, any rise in black gold takes a toll.

UAL Corporation (NASDAQ: UAUA) closed yesterday at $12.40 and the last trade at 9:03 AM EST was at $11.23 (-9.44%) on about 173,000 shares.
Jetblue (NASDAQ: JBLU) is also lower after a $5.46 close with shares down about 3.5% at $5.27 on about 6,200 shares.

NASDAQ airlines are treated as a pre-market trader proxy for day oil-bet trades by many right now because of the more transparency.

Jon C. Ogg
August 21, 2008

Price Alert: Jack Henry & Associates (JKHY)

247admin — Wed, 20 Aug 2008 12:30:10 +0000

Shares of Jack Henry & Associates, Inc. (NASDAQ: JKHY) are being hit hard pre-market. The provider of integrated computer systems for in-house and outsourced data processeing for financial institutions missed its earnings targets last night. As of 8;30 AM EST we have only seen about 5,500 shares trade hands, but the drop is by about 14.5% to $19.00. With a 52-week range of $20.13 to $29.24, you can count this one as a 52-week low.

On average this trades 835,00 shares per day. Its stock option trading does exist but is generally inactive.

JON OGG

August 20, 2008

Price/Volume Alert: Level 3 (LVLT)

247admin — Wed, 13 Aug 2008 12:55:02 +0000

Level 3 Communications Inc. (NASDAQ: LVLT) is rather active in pre-market trading. The company’s stock was cut to “Underperform” at Oppenheimer this morning along with a couple other communications carriers. As of 8:55 this has traded over 150,00 shares and the stock is down nearly 5% at $3.23. What is surprising more than the drop and more than the call is that the volume isn’t already up in the “millions” as this trades about 25 million shares per day and is a key day trader and low-price trader stock. The 52-week trading range is $1.68 to $5.38. This also takes the stock to key technical levels as the 50-day moving average is $3.30 and the 200-day moving average is $2.95.

Jon C. Ogg
August 13, 2008

Today's Key Volume Trading Target: NVIDIA (NVDA)

247admin — Wed, 13 Aug 2008 12:48:49 +0000

NVIDIA Corporation (NASDAQ: NVDA) is leading the stocks pre-market as the most active NASDAQ trading issue, although it isn’t really the highest gap-up seen. Shares are trading up about 5% at $11.63 pre-market at 8:45 AM ESTand we have seen about 513,000 shares trade hands. The company’s earnings were a disappointment to most since it posted a loss after a $196 million charge to cover its technical issues in graphics processors. But traders cheered that the company would spend $1 Billion to buy back shares as its market cap is currently about $6 Billion.

More importantly is that this stock has been beaten like a rented mule over the last year. Its 52-week trading range is $10.55 to $39.67, so $10+, $11+, and on are still at far lower prices than have been seen before it announced problems with the new graphic processors. We’d also note that its last short interest was up more than 6 million shares to 27.1 million. We’d also note an elevated interest in call options that was seen ahead of earnings as well as yet another issue in the stock.

This should be one of the focal stocks for traders today.

JON OGG

AUGUST 13, 2008

Price/Volume Spike Alert: Verenium Corp. (VRNM, BP)

247admin — Wed, 06 Aug 2008 12:56:26 +0000

Verenium Corp. (NASDAQ: VRNM) is spiking significantly higher in pre-market trading. The company signed a biofuel production pact with BP plc (NYSE: BP). The pact will lead to cellulosic ethanol production using non-food stocks and Verenium will receive $90 Million in funding from BP over the next 18 months. The market cap before today’s spike was $128 million. In pre-market trading as of 8:55 AM EST we are seeing a 33% rise to $2.70 on only about 10,000 shares, although this rarely trades in the pre-market or after-hours sessions.

52wk Range:    $1.05-$6.95
Avg. Volume:   426,408
OPTIONS:         Yes, but thin volume

Jon C. Ogg
August 6, 2008

Top Pre-Market Gap-Ups (AMGN, BEAV, CNQR, UAUA, WBSN)

247admin — Tue, 29 Jul 2008 12:59:26 +0000

Amgen (AMGN) indicating up 3% more after solid earnings… watch for potential profit taking later in the morning after huge gain yesterday.

BE Aerospace (BEAV) is trading up almost 7% after the company managed to beat earnings and raise guidance despite woes at airline carriers themselves; short covering adding to gains.

Concur Technologies, Inc. (CNQR) gapping up 10% after AmEx partnered with the company and took a 13% equity stake in teh company.

UAL Corp (UAUA) up 6% pre-market on trader talk and on oil prices.

Websense (WBSN) trading up 8% after beating earnings and giving solid guidance as acquisition of SurfControl is working well for the company.

(9:02 AM EST)

JON OGG
JULY 29, 2008