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Intel Corporation (NASDAQ: INTC) guidance is driving the tech sector, despite Dell Inc. (NASDAQ: DELL) already giving a lift to the sector…..Right before the open at 9:28 AM EST Intel stock is up 4.5% at $20.35 on most 8 meg shares. Look at peers and competitors:
JON C. OGG
Sinovac Biotech Ltd. (AMEX: SVA) is soaring on its report that the Beijing Public Health Bureau has selected Sinovac as ONE OF THE FOUR manufacturers to supply Anflu®, Sinovac’s seasonal influenza vaccine, for the benefit of the citizens of Beijing. The Beijing Public Health Bureau completed the bidding process for the acquire of flu vaccines and corresponding services for 2009 on August 26, 2009. As of 8:45 AM EST we have seen some 770,000 shares trade hands versus an average volume of about 1.2 million shares. We also see a gain of over 17% at $6.89 in the early indications. BE advised that the 52-week high on this one is (or was) $6.62. -JON OGG
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