American International Group, Inc. (NYSE: AIG) is going for a DAY THREE…. Shares are up 5% at $38.18 and we have already seen 1 million shares as of 8:33 AM EST.
BioSante Pharmaceuticals, Inc. (NASDAQ: BPAX) is up almost 17% at $2.00 on just over 1 million shares as of 8:27 AM EST. The company announced positive Leukemia vaccine results. Shares closed at $1.71 yesterday and the 52-week range is $1.13 to $2.70.
Citigroup Inc. (NYSE: C) is up 0.76% at $3.99 on word that Vikram Pandit is potentially going to raise billions via continued asset sales. The impressive figure is that at 8:33 AM EST we have seen over 28 million shares trade hands. This has now gotten used to 1 billion shares due to its low share prices.
Devon Energy (NYSE: DVN) announced $7.0 billion in property sales and oil sands joint ventures to BP…. It has entered into agreements to sell all of its assets in the deepwater Gulf of Mexico, Azerbaijan and Brazil. Shares are up 2.4% at $73.44 on over 200,000 shares as of 8:33 AM EST. For a size comparison, Devon’s market cap is $32 billion.
International Coal (NYSE: ICO) priced 22,371,365 shares of common stock in a secondary offering at $4.47 per share share. Shares are actually up 2% at $4.57 on 350,000 shares as of 8:29 AM EST.
OccuLogix Inc. (NASDAQ: TEAR) announced that TLCVision Corporation will be incorporating the TearLab Osmolarity System in eight of its U.S. centers to study dry eye disease symptoms related to LASIK surgery. Shares are up 45% at $4.05 on 40,000 shares as of 8:28 AM EST.
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JON C. OGG
