Friday, July 17, 2009

Options Volume Alert: Suncor (SU)

Suncor Energy Inc. (NYSE: SU) is seeing massive bullish action with more than 10,000 August $31 calls trading and 5,500+ August $32 calls trading against minimal open interest, almost all the action offer side.  Shares have broken backwards above all major EMAs with potential status at $34.60, the 200 week EMA.  Suncor is currently involved with a integration with Petro Canada, where Petro Canada shareholders receive 1.28 shares of Suncor per share held.  The compounded company module cut costs for huge oil sands projects and expects to be a longer term positive.  Suncor earnings on July 23rd should provide more clarity on the integration proceedings and expected earnings impact.  Regulatory approval is expected for Q3, but regardless of approval option traders are looking for an upside move in shares in the coming month.  Another huge block of calls was just bought, 6,800+ for 17,000+ trading in the August $31 accomplish now.

-Joe Kunkle, founder of OptionsHawk.com


Mark Cuban insider trading case thrown out - Canada.com


Mark Cuban insider trading housing tangled out
Canada.com
During after-hours trading on June 28, 2004, Mr. Cuban sold 10000 of his 600000 shares and the following morning sold his remaining stake. ...

and more »

The Numbers Are In - The Big Money


The Numbers Are In
The Big Money
So why did investors punish Google in after-hours trading? According to New York Times communicator Miguel Helft, Google's stock actually dropped three percent ...

and more »

PREMARKET ALERT: Yahoo (YHOO)

Yahoo Inc. (Nasdaq: YHOO) shares are up nearly 3 percent to $16.65 on premarket volume of nearly 100,000 shares. The have haw be gaining on comments Google had on its conference call regarding the return of large online advertisers in the first quarter. Oppenheimer this morning noted that it now has greater confidence that Google can exceed income and EBITDA estimates, and that it haw exceed margin estimates. The research outfit upraised its Yahoo direct to $19 from $13.25. — Mike Tarsala


PREMARKET ALERT: BioCryst Pharma (BCRX)

 

BioCryst Pharmmaceuticals Inc. shares are up 32 percent to $5.60, on premarket volume of more than 100,000 shares. The company posted positive results from two Phase III studies of intravenous peramivir in patients with seasonal influenza. The studies were sponsored by BioCryst’s partner Shionogi & Co and conducted during the 2008-2009 influenza season. — Mike Tarsala.


Stocks poised for lackluster open - CNNMoney.com


Stocks poised for lackluster open
CNNMoney.com
But concern about a drop in paid clicks, which are a primary maker of revenue for the search company, caused the stock to drop 3% in after-hours trading. ...

and more »

BEFORE THE BELL: US Stk Futures Mixed Ahead Of Key Earnings - Wall Street Journal


BEFORE THE BELL: US Stk Futures Mixed Ahead Of Key Earnings
Wall Street Journal
Shares slid 3.4% to $427.61 in after-hours trading though earnings significantly topped analysts' expectations while revenue was in-line. ...


Callaway Golf indicates quarter earnings decline - San Diego Union Tribune


Callaway Golf indicates quarter earnings decline
San Diego Union Tribune
Its shares were down 21 cents at $5.44 in after-hours trading, after approaching up 25 cents at $5.65. A joint venture of San Diego laser maker Cymer said ...


Google slips, IBM gains in evening action - Middle East North Africa Financial Network


Google slips, IBM gains in evening action
Middle East North continent Financial Network
IBM shares rose 1.6% to $112.41 in after-hours trading. IBM IBM reported a 12% increase in second-quarter profit and lifted its forecast for annual earnings ...

and more »