These are this morningâs top day trader and active trader alerts seen in early pre-market trading.Â We have offered the moves, a news summary, and brief color on each for trading references where applicable.
Apple Inc. (NASDAQ: AAPL) is up 2.1% at $215.10 after saying the iPad will be available on April 3m, 2010 in the U.S. but not for about another month in most international markets.
InterMune, Inc. (NASDAQ: ITMN) is soaring on positive drug data.Â The company said that the FDA panel will review its lung drug, but the FDA staff has said some questioning remarks as well.Â This stock has been very volatile on mixed drug data in recent months and there has been a lot of options trading around this one. At 8:47 AM EST we have seen 2.4 million shares trade hands and the stock is up 83% at $26.74 after a $14.61 close and versus a prior 52-week trading range of $10.48 to $18.14.
Solarfun Power Holdings Co. Ltd. (NASDAQ: SOLF) is trading lower after mixed results.Â Its Q4 EPS was $0.25 vs. $0.24 estimates from Thomson Reuters; while revenue rose over 10% to $184 million versus $185 million expected.Â Shares were down 3% at $7.30 on 131,000 shares as of 8:47 AM EST.
Conexant Systems, Inc. (NASDAQ: CNXT) is down sharply after it priced a public secondary offering of 14 million shares of its common stock at a price of $4.00 per share versus a $4.39 close and versus a $0.33 to $5.17 trading range of the last year.Â At 8:48 AM EST we have seen 1.25 million shares and the stock is down 5.7% at $4.14.
Zanett Inc. (NASDAQ: ZANE) saw exponential gains yesterday.Â The company is seeing profit taking and a reality check today.Â At 8:51 AM ESt we have shares down 16% at $1.77 on about 45,000 shares.Â Average volume is now listed as about 150,000 shares but that is because the figures were skewed by 8 million shares as the stock rose from $0.31 to $2.12 and hitting a high of $2.50.
RCN Corp. (NASDAQ: RCNI) is soaring.Â The regional cable TV and internet provider is up 27% at $15.60 after the company agreed to be acquired by ABRY Partners for about $1.2 billion.
TiVo Inc. (NASDAQ: TIVO) is soaring again after yesterdayâs gains.Â Shares closed at $16.53 and shares are up 8% at $17.86 on about 1.6 million shares as of 8:53 AM EST.
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JON C. OGG