Wednesday, July 28, 2010

Exponential Volume Alert in California Pizza Kitchen (CPKI)

Stock Assault 2.0 - Artificial Intelligence Stock Market Software

California Pizza Kitchen Inc. (NASDAQ: CPKI) has traded nearly 3-times normal volume today and it is not even NOON EST yet.  Reports are out that it is close to a deal to be acquired by a private equity firm, although this remains a rumor at this point.  The pizza and food chain has been on the market for a while, but the stock is up 9.3% at $18.34 on over 966,000 shares at 11:54 PM EST.

The 52-week range is $12.29 to $22.92 and the average volume here was only about 320,000 shares.

Something may be brewing, and the $447 million market cap today against Thomson Reuters revenue estimates of $641.36 million for 2010 and $675.28 million for 2011 would certainly not put the firm out of the scope of private equity even when credit is harder to come by.


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DJSP Faces Premarket Woes

Stock Assault 2.0 - Artificial Intelligence Stock Market Software

DJSP Enterprises, Inc. decreased dramatically this morning in premarket trading with regards to percentage. At 8:35 AM EST the company was down from $4.78 to $4, a change of 16.32%.  This follows Tuesday’s announcement that that company had completed its acquisition of Timios, Inc., a move which DJSP CEO David Stern refers to as, “a significant step forward in [DJSP's] quest to become the leading cyclical provider of products and services to the mortgage and real estate industries.”

This drop comes during a 52-week trading range of $4.66 - $13.65.  The company’s average daily volume is 274,880.

DJSP Enterprises, Inc. provides both non-legal and legal-related real estate services throughout the United States.  They are based in Plantation, FL.

-Michael B. Sauter

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