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It's a big day for NutriSystem Inc. (Public, NASDAQ:NTRI) shareholders, as shares are up nearly 25% in after hours trading. This comes after an announcement ...
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NutriSystem Inc. (NASDAQ: NTRI) is surging on word that it scored an introductory 14-day pact with Wal-Mart Stores Inc. (NYSE: WMT) at retail and locations and the walmart.com site. Full details are at 24/7 Wall Street but the stock closed at   $15.05 today. As of 5:11 PM EST we have shares up almost 15% at $17.30 on over 150,000 shares in the after-hours session. Average daily volume is only 352,000 shares and the 52-week high is $18.30. -JON OGG
Capital One Financial Corp. (NYSE: COF) was raised to the Conviction Buy List at Goldman Sachs. This replaces Fifth Third Bancorp. (NASDAQ: FITB), although FITB was maintained as a BUY rating as well. Interestingly, both shares are higher. Capital One is up 4% at $34.52 on 66,000 shares at 9:00 AM EST, while Fifth Third is up 1.6% at $9.51 on about 25,000 shares. It is very rare for a stock getting booted off that Conviction Buy List to rise, even if the underlying sentiment and call remains positive on the replaced stock. Watch for volume to rise sharply in these as the specialist opens more and more shares up for trading closer to the 9:30 AM EST Opening bell. JON OGG
Wells Fargo & Co. (NYSE: WFC) is surging this morning considering that it is a super-regional bank without a news release of its own. Its shares are up 4% at $27.35 but only on about 350,000 shares as of 8:54 AM EST. This was raised at Goldman Sachs to BUY and that appears to be exactly what traders are doing. Interestngly enough, this stock has petered out when it gets north of $28.00 and we could not help but noticing in this weekend’s unusual suspects that traders were buying downside protection via put options ahead of earnings season. With an average volume of over 50 million shares, you can count on the trading volume to pick up drastically after the specialist-led NYSE stock gets closer and closer to the 9:30 AM EST opening bell. -JON OGG