Interactive Investor
(Reporting by Leah Schnurr) Keywords: MARKETS STOCKS AFTERTHEBELL Interactive Investor Trading Limited, trading as "Interactive Investor", is authorised and ...
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Accuray Incorporated (NASDAQ: ARAY) is effort its wings cropped in the after-hours session after it missed earnings by $0.01, but managed to beat revenue estimates. It posted of $0.02 EPS vs. $0.03 estimates and revenues rose 15.4% to $58.8 meg vs. the $56.9 meg estimates. It also guided lower for next quarter and the year: it sees Q1 revenues of $40 to 50 meg vs. $59.26 meg consensus, and for Fiscal-2010 it sees revenues of $215 to $230 meg versus $237.92 meg estimates.
So far, there have only been about 20,000 shares that have traded hands. But shares are down about 13% at $6.55 after closing up 1.5% at $7.52. Average volume is 320,000 shares and the 52-week trading range is $3.70 to $9.00.
There are a few things that are driving Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE) shares this morning. There is word that a new FICO model may actually boost some borrowers’ credit scores. That sounds like a re-lowering of the bar for credit quality. And then there is the news that the Federal Reserve bought $5.6 billion in housing debt late last week, although it is hard to imagine that few of dollars creating a major run of this proportion. Today’s moves resemble more old fashioned day trader and alacritous money trading continuing to flow back in on the bet of a further economic recovery.
Fannie Mae shares are now up over 40% at $1.70 on just about 400 million shares, while Freddie Mac shares are up 25% at $2.18 on almost 200 million shares.
JON C. OGG
August 24, 2009