RTT News
RTT News
... on a volume of 1.84 million shares. In after hours trading, the stock gained further $0.20 or 1.89%, trading at $10.81. by RTT Staff Writer.
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Applied Materials Inc. (NASDAQ: AMAT) had a sudden surge in December $13 calls that traded 25,299 contracts against an open interest of 15,631 contracts, with large blocks being bought at the offer and shares trading to session highs. Applied Materials has the best of both worlds with chip stocks and solar stocks strong today. Shares trade 13X forward earnings. AMAT is presenting at the Credit Suisse Conference tomorrow at 11:30am and the Barclay’s Conference on December 9th. Call volume exceeds 30,000 on the day, more than 3X average volume…. This is interesting considering that earnings were barely three weeks ago. Shares are up 4.5% at $12.87 along with the strong chip stocks sector.
Joe Kunkle, OptionsHawk.com
American International Group, Inc. (NYSE: AIG) is recovering handily after yesterday’s analyst $12 call. The company is moving forward with its ALICO separation. It has also entered into a debt-for-equity swap with the New York Fed which may have just taken off $25 billion in debt and takes the NY Fed’s debt down to $17 billion. At 8:29 AM EST we have seen only about 350,000 shares trade hands and the stock is up 6.4% at $30.20. That also gets it well above the 200-day moving average (listed as $28.98) which was violated yesterday. It looks like Benmosche is getting things done.
JON OGG