RTT News
In after hours trading F declined $0.03 or 0.42% and traded at $7.15. MTLQQ.PK rose $0.08 or 14.92% and closed Thursday's regular trading at $0.67. by RTT ...
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eBay Inc. (EBAY) shares have hit 52-week highs today as a lawsuit against Skype is dropped and shares were upgraded at Kaufman to a Buy. Shares are trading 15X forward earnings, and estimates seem too low for a company still seeing growth in core assets like Skype and PayPal, with the ability to spin off these assets as well. Earnings are set for October 21st and November call action is exploding, as 17,677 November 426 calls and 25,087 November $27 calls trade against low open interest with shares at $25. A massive block of over 1.3 million shares traded around the same time so a large covered call position is responsible for much of the volume. The 200 week EMA at $27.50 is the next resistance area that coincides with the 38.2% Fib level. Implied volatility is relatively cheap at 43% considering the 15% move after last quarter’s results.
-Joe Kunkle, OptionsHawk.com
Plug Power Inc. (NASDAQ: PLUG) has just seen a major volume spike with a move to the upside on a news headline. A press release was issue that 3M (NYSE: 3M) and Plug Power entered into an exclusive commercial supply agreement for 3M membrane electrode assemblies to be used as a critical component in Plug Power’s GenSys proprietary proton exchange membrane reformate stacks. The continuous run GenSys(R) prime power fuel cell systems are being deployed into rural India and will replace diesel generators at remote telecommunication sites.
PLUG shares are now up 20% at $1.10 on over 2 million shares as of 10:17 AM EST. The headline hit at 10:14 AM EST so this is a sudden burst move as the average daily volume here is only about 600,000 shares. The 52-week trading range is $0.64 to $1.55 and the market cap is a mere $145 million.
JON C. OGG
DryShips, Inc. (NASDAQ: DRYS) is seeing a surge in pre-market trading, although it may seem muted in comparison to the good old days when this would open up or down by more than 10% on what felt as though was almost every day. This higher yesterday at $6.73 on the Baltic Dry index but then Alcoa is helping. If metals fabrication is up, then hopefully mining is and therefore hopefully shipping is not very far behind. At 8:49 AM EST we are seeing a 4.5% gain to $7.03 on over 500,000 shares. DRYS trades 23 million shares a day and this oen is still way down from those old $100+ highs.  This appears to be the highest trading level since September 24 when it hit an intraday high of $7.08 and had seen highs of $7.30 and $7.28 in the two days before that. -JON C. OGG