CNBC
() ] was lower in after-hours trading after announcing plans to buy Omniture for $1.8 billion. August retail sales showed a surprising 2.7 percent gain, ...
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CEL-SCI Corp. (AMEX: CVM) has gone absolutely bonkers today on exponential trading volume because of its fairly small market cap, a huge share float, a low share price… and swine flu or H1N1 news….. We have the details on the full news over at BioHealthInvestor.com, but it gets really hard to not throw up a red flag here with a caveat emptor or surgeon general warning for traders. As of 1:32 PM EST we have now seen 48 million shares trade hands and this one is up 77% at $1.63. It also hit a new 52-week high today of $1.82, yet its 52-week low is all the way down at $0.14. This company has been around forever back before 1995, and it has never regained its share prices from way back in the day…. Whether this one can rise further or not, you might as well put it on your new active trader alert for small cap and low-priced stocks. Once you see volume of that magnitude, it is usually quite some time before you see ‘average volume’ again….   -JON OGG
Martha Stewart Living Omnimedia Inc. (NYSE: MSO) is soaring on news of the new exclusive pact with the The Home Depot Inc. (NYSE: HD). Full details are here from last night’s release, but what is so helpful is that this ‘exclusive’ pact is another pact that does not appear to be a replacement pact and the company noted that it still has Macy’s and other top retail outlets to create, sell, and distribute the Martha wares….. MSO shares are up 8% at $7.40, which is a tad lower than teh $7.50 high in pre-market trading that we saw. Also worth noting is that the trading volume is now over 320,000 shares and the average volume is only 280,000 shares or so. So in less than 30 minutes, this one is effectively heading into ‘exponential volume territory.’ -JON OGG 99:57 AM EST)
Citigroup Inc. (NYSE: C) may be in for a huge day. Last night brought reports that Uncle Same, the U.S. government, might be selling part of its massive stake. Reports from multiple sources gave October as the month that the sale could begin. Be advised that this is not a total exit of the government, but it is a start and would lead to the independent recovery of Citi. This could also take months and months to be completed as this is roughly a 34% stake. Expect this to be today’s most active stock. At 8:54 AM EST we have seen 23 million shares trade hands and the stock is down 1% at $4.48.-JON OGG