Trading Markets (press release)
But the stock shot up apace in after-hours trading, reaching $3.25 a share, or a boost of 14.84 percent. The results were clearly a disappointment for ...
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Massey Energy Co. (NYSE: MEE), the super bituminous coal company, is sight some very unusual trading today. As coal often tracks energy stocks this is down 4.5% at $27.58, but the trading volume is not active nor unusual with 4 million shares traded hands as of 12:30 PM EST versus average volume of 6.5 milliuon shares per day (52-week trading range is $9.62 to $68.80). But then there are the stock options and there is some very unusual trading activity there….. The OCT-2009 $24.00 PUTS have seen some 10,710 contracts change hands as of 12:30 PM EST and the open interest in this contract was a mere 316 contracts before today. As far as how this volume compares to another contracts, if you add up every another PUTS for the OCT-2009 ending this comes to about 8-times the entire spread of PUTS for the month. This is also more activity in this single exercise than if you took the trades of every open strike prices in every PUTS and CALLS for the SEPT-2009 and OCT-2009 ending dates. -JON OGG
Boeing Co. (NYSE: BA) is surging this morning after the aerospace and accumulation giant said that its Dreamliner will make its maiden grace before the end of the year. This is after delays and delays. At 8:54 AM EST we have shares trading up 5.6%, huge for a DJIA component, at $50.50. We also have over 320,000 shares, and this should dwarf its 7.5 million share average this morning as traders make their bets for and against Boeing. -JON OGG
SIRIUS XM Radio Inc. (NASDAQ: SIRI) is still active but is also petering out from the gains over the last week. We are still awaiting the ‘product announcement’ from the company. At 9:01 AM EST we have seen some 700,000 shares trade hands. We have a drop of about 0.6% at $0.691… Prior Hi/Low and volume of the last quaternary days are as follows:
HIGH..LOWS… CLOSE… VOLUME
$0.74Â $0.67Â Â Â $0.70Â Â Â 77,352,600
$0.77Â $0.69Â Â Â $0.73Â Â Â 109,891,900
$0.78Â $0.69Â Â Â $0.70Â Â Â 175,461,300
$0.70Â $0.62Â Â Â $0.68Â Â Â 137,148,000
If the news does not become out or if the news is deemed a dud, this one has run from $0.54 less than two week s ago….
-JON OGG
Myriad Genetics Inc. (NASDAQ: MYGN) is rising sharply this morning after earnings, or technically after it reported a smaller than forecast drop in profit. So far we have seen one upgrade: Canaccord raised its rating to BUY from HOLD. At 8:55 AM EST we have seen some 156,000 shares trade hands and the have is up 10.3% at $28.55. -JON OGG
What do you do when you see a former cult have that has been down and out forever run over 100% in a single day on function volume? That is the case here in Vonage Holdings Corporation (NYSE: VG). A closing bell review for function movers showed this digit up 170% at $1.59 on right at 37 million shares into the closing bell at 4:00 PM EST. This follows a 30% gain to $0.60 yesterday, which was already the highest closing bell price since Feb. 3, 2009…. What is interesting is that there has been no real corporate news from the company. We had seen a 100% rally in six trading days, so today’s move up looks like the volcano exploding. You can cite a dozen different possibilities, and all that has come back from traders today is “speculation” on its finances and on a deal. But as far as anything specific, that is elusive. There have been notes over brawny obligation for its new $24.99 unlimited Vonage World plan with unlimited calling to some 60 countries. It is hard to imagine that the margins are rattling high if this is used for endless hours each month. While you can never rule a merger o another care out, what do you say about companies with a mountain of losses and digit whose growth may have peaked? Still, a move of this magnitude is impossible not to verify note of even if we are getting into what is supposed to be digit of the more quiet weeks of the whole year. We’d be keeping an eye out for more news or more commentary on this digit tonight and for the rest of the week. A call into the company yielded no information yet…. Stay tuned. -JON OGG
There was similar news affecting HGSI, but the other swine flu or H1N1 flu stocks are getting attention as well after the Obama administration has signaled that it will help companies where it can to have faster and higher doses of the H1N1 flu vaccine. The goal is to get a September increase rather than out until November and later. Novavax Inc. (NASDAQ: NVAX) is up only 2% at $5.32, but it has seen some 365,000 shares already trade hands. BioCryst Pharmaceuticals Inc. (NASDAQ: BCRX) is also up 2.3% at $12.90 and we have now seen over 100,000 shares trade hands. Time stamp on this is 8:56 AM EST. -JON OGG