Monday, November 16, 2009

UPDATE 3-SunPower probing accounting errors, stock drops - Reuters


UPDATE 3-SunPower probing accounting errors, stock drops
Reuters
Shares of the San Jose, California-based company fell as much as 8.2 percent in after-hours trading, and were last changing hands at $25.52, ...

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NeurogesX wins FDA approval of pain patch - Bizjournals.com


NeurogesX wins FDA approval of pain patch
Bizjournals.com
NeurogesX stock, which closed the normal trading day down 4 cents to $8.24 per share, rose 86 cents in after-hours trading. The Qutenza patch provides up to ...

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FDA Finds Deficiencies at Genzyme's Lumizyme Plant - FOXBusiness


FDA Finds Deficiencies at Genzyme's Lumizyme Plant
FOXBusiness
Shares of the company rose 21 cents in Monday's session, closing at $49.49 a share. The stock was down a penny in after-hours trading.

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SunPower probes 3 quarters of possible accounting errors - Recharge


Recharge

SunPower probes 3 quarters of possible accounting errors
Recharge
The news sent the company's stock down more than eight percent in after-hours trading although it recovered to $25.90 a share, down $1.33, or 4.9%. ...

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AFTER THE BELL-Aegean Marine shares up after Q3 results - Interactive Investor


AFTER THE BELL-Aegean Marine shares up after Q3 results
Interactive Investor
(Reporting by Ryan Vlastelica) Keywords: MARKETS STOCKS AFTERTHEBELL Interactive Investor Trading Limited, trading as "Interactive Investor", is authorised ...


AFTER THE BELL-Longtop jumps after results, outlook - Interactive Investor


AFTER THE BELL-Longtop jumps after results, outlook
Interactive Investor
Interactive Investor Trading Limited, trading as "Interactive Investor", is authorised and regulated by the Financial Services Authority. ...

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American Oriental Bioengineering 3Q profit falls - The Associated Press


American Oriental Bioengineering 3Q profit falls
The Associated Press
Shares of American Oriental Bioengineering fell 39 cents, or 9 percent, to $3.90 in after-hours trading after gaining 20 cents, or 4.9 percent, ...

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Smith International Inc. To Raise $800 million In Equity - TransWorldNews (press release)


Smith International Inc. To Raise $800 million In Equity
TransWorldNews (press release)
Smith handed back the day's 4.5 percent gain in after-hours trading today, dropping 5.1 percent to $29.19. This values the 28 million shares now on offer at ...

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AFTER THE BELL-Aegean Marine shares up after Q3 results - Interactive Investor


AFTER THE BELL-Aegean Marine shares up after Q3 results
Interactive Investor
(Reporting by Ryan Vlastelica) Keywords: MARKETS STOCKS AFTERTHEBELL Interactive Investor Trading Limited, trading as "Interactive Investor", is authorised ...


CommVault Stock & Options Alert (CVLT)

CommVault Systems, Inc. (NASDAQ: CVLT) has been trading higher all day on the Goldman Sachs analyst upgrade to ‘Buy’ this morning.   The gains are large and we are seeing some options trading as a result.  The actual share volume is active considering this company itself, but is still far short of what we would call extremely active in buyout speculation trading.

Joe Kunkle over at OptionsHawk.com this morning noted that calls are trading 5,068 versus average volume of 774 already today with implied volatility increasing 11.7% to 48%, and with shares at just $22.70 there are buyers at the offer of December $25 and $30 calls.  My best explanation for this is that with NetApp (NTAP) reporting earnings on 11/18/09 after the close we could see our next big Tech M&A deal with CommVault (CVLT), a small niche player with huge growth potential, the Company NetApp could acquire.  There is also some bullish action in NetApp with a buyer of 2,000 November $32 calls earlier this morning, so this action adds up to a potential deal on the horizon.

Anything is possible in technology M&A and the company is in data and information management software applications and related services.  It is in the sweet spot of the sector.  But insiders also sold over $1 million worth of stock last week as a sale window opened up.  While Dell Inc. (NASDAQ: DELL) and NetApp, Inc. (NASDAQ: NTAP) we have also heard of other likely suitors that are possible but were not rumor-mill buyers.

At 12:40 PM EST we have shares up 5.7% at $22.54 on over 386,000 shares.  Average volume is only 342,000 shares, so any interest here is probably something all relative.  This $22.92 intraday high was also a new 52-week high.
JON C. OGG


CME Group, KRX Announce After-hours Access to KOSPI 200 Futures on CME Globex - PR Newswire (press release)


CME Group, KRX Announce After-hours Access to KOSPI 200 Futures on CME Globex
PR Newswire (press release)
"The launch of after-hours trading for KOSPI 200 Futures on CME Globex is a significant achievement, and we are proud to partner with KRX to deliver this ...

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AFTER THE BELL-Aegean Marine shares up after Q3 results - Interactive Investor


AFTER THE BELL-Aegean Marine shares up after Q3 results
Interactive Investor
(Reporting by Ryan Vlastelica) Keywords: MARKETS STOCKS AFTERTHEBELL Interactive Investor Trading Limited, trading as "Interactive Investor", is authorised ...


Sprinting Sprint Nextel (S)

Sprint Nextel Corp. (NYSE: S) appears to be one the largest S&P gainers this morning.  The only news was the repayment of a $1 billion loan, but real news out today causing the run-up is the Oppenheimer upgrade to OUTPERFORM from Neutral.  The price target was also raised to $6.00 from a prior $4.00 price target.  At 9:46 AM EST we have shares trading up almost 11% at $3.44 on 15.5 million shares.  Average daily volume is 55 million shares and the 52-week trading range is $1.35 to $5.94. We would also note that this is already seeing options activity picking up this morning in the longer-dated expiration months.

JON C. OGG


BEFORE THE BELL: HOT STOCKS TO WATCH - Wall Street Journal


BEFORE THE BELL: HOT STOCKS TO WATCH
Wall Street Journal
Shares slipped 0.5% to $49.92 in after-hours trading. General Motors Co., Lowe's Cos. (LOW) and ReneSola Ltd. (SOL) are among the companies that will report ...


AFTER THE BELL-Aegean Marine shares up after Q3 results - Interactive Investor


AFTER THE BELL-Aegean Marine shares up after Q3 results
Interactive Investor
(Reporting by Ryan Vlastelica) Keywords: MARKETS STOCKS AFTERTHEBELL Interactive Investor Trading Limited, trading as "Interactive Investor", is authorised ...


Netlist Stays on the Map (NLST)

Netlist Inc. (NASDAQ: NLST) is rising yet again after being on a tear last week.  This stock came under attention because of its launch of Netlist’s HyperCloud memory module for servers. This morning the company said that at Supercomputing 09, it is demonstrating the world’s first 16GB 2 virtual rank double-data-rate three, registered dual in-line memory module.  Average volume was only about 150,000 last week but now the average volume is approximately 300,000 shares.  At 8:40 AM EST we have already seen 350,000 shares trade hands and the stock is up 14% at $5.10. The 52-week trading range was $0.14 to $4.83. Last Tuesday this was not even a $1.00 stock to show how much it has risen.  And the stock more than doubled in price on Friday on over 11.4 million shares.  If this is not an inflection point for traders, that must be close.  The caveat is that this is only an $88 million market cap even after last week’s exponential rise.

-JON OGG


BEFORE THE BELL: HOT STOCKS TO WATCH - Wall Street Journal


BEFORE THE BELL: HOT STOCKS TO WATCH
Wall Street Journal
Shares slipped 0.5% to $49.92 in after-hours trading. General Motors Co., Lowe's Cos. (LOW) and ReneSola Ltd. (SOL) are among the companies that will report ...


AFTER THE BELL-Aegean Marine shares up after Q3 results - Interactive Investor


AFTER THE BELL-Aegean Marine shares up after Q3 results
Interactive Investor
(Reporting by Ryan Vlastelica) Keywords: MARKETS STOCKS AFTERTHEBELL Interactive Investor Trading Limited, trading as "Interactive Investor", is authorised ...


China's Stocks Climb Most in Five Weeks; Shenhua, SAIC Rise - Bloomberg


China's Stocks Climb Most in Five Weeks; Shenhua, SAIC Rise
Bloomberg
Copper futures in New York gained 1.4 percent in after-hours trading. China, the world's biggest consumer of metals, is experiencing “powerful” growth in ...

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Asian Stocks Gain on APEC Stimulus Pledge, China Retail Sales; BHP Climbs - Bloomberg


Asian Stocks Gain on APEC Stimulus Pledge, China Retail Sales; BHP Climbs
Bloomberg
Copper futures in New York rose 2.3 percent in after- hours trading. Cnooc Ltd., China's largest offshore oil producer, advanced 1.6 percent to HK$12.74, ...


Lowe's Draws Call-Buyers Ahead of Earnings - TheStreet.com


Lowe's Draws Call-Buyers Ahead of Earnings
TheStreet.com
The stock closed the Friday session up 1.8% to $21.85 and rose to $22.05 in after-hours trading, more than 68% above its March lows. ...

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AFTER THE BELL-Aegean Marine shares up after Q3 results - Interactive Investor


AFTER THE BELL-Aegean Marine shares up after Q3 results
Interactive Investor
(Reporting by Ryan Vlastelica) Keywords: MARKETS STOCKS AFTERTHEBELL Interactive Investor Trading Limited, trading as "Interactive Investor", is authorised ...


SMS, content revenue boost Cellcom Q3 results - Globes


SMS, content revenue boost Cellcom Q3 results
Globes
Shares in Cellcom rose 0.3% to close at $30.76 yesterday, and continued rising another 2.4% in after-hours trading.

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