Wall Street Journal
Applied Signal's fiscal third-quarter profit jumped 70% on lower expenses, but shares dropped 9.8% to $23.65 in after-hours trading as the results for the ...
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VeriFone Holdings Inc. (NYSE: PAY) is surging after earnings and after settling with the SEC. For starters, it consented to a permanent injunction against violations of the reporting, internal controls, and other provisions of the federal securities laws. The company also posted Q3 net income of $22 million or $0.26 EPS rather than a loss a ayear ago. Revenue was $211.2 million, down from $258.7 million a year ago. We had estimates listed as $0.18 EPS on revenue of $202 million. It also forecast this coming quarter-end revenues of $208 million to $215 million versus $202 million estimates. We now have shares at 8:47 AM EST trading up over 8% at $12.04 on about 76,000 shares. Average volume is close to 900,000 shares. Every single buyer of stock that has bought shares since the end of 2008 is now profitable, and the 52-week high on VeriFone $21.17. The highest volume seen in the last 90-days was over 3 million shares for each of the first 3 days in June and that is the sort of volume we’d expect today. -JON OGG
Mosaic Co. (NYSE: MOS) is seeing some unusual trading today, particularly in its SEPT-2009 CALL OPTIONS. At 11:06 AM EST we have shares of the common stock up over 3% at $49.90 on almost 3.8 million shares. Average volume is 6.9 million shares and the 52-week trading range is $21.94 to $104.00. The real action is in the SEPT-2009 CALLS and we listed these by strike price, trading volume, and by the open interest.
Strike..   Vol    Open Int
$45.00Â Â Â 624Â Â Â 15,699
$50.00Â Â Â 5,537Â Â Â 8,001
$55.00Â Â Â 16,232Â Â Â 43,215
$60.00Â Â Â 31,176Â Â Â 20,206
$65.00Â Â Â 3,823Â Â Â 22,939
$70.00Â Â Â 251Â Â Â 10,469
$75.00Â Â Â 442Â Â Â 10,580
JON C. OGG
SEPTEMBER 1, 2009
Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE) are both playing giveback all over again on Tuesday with most other speculative financial stocks. Yesterday’s research hinting that there is effectively no value remaining is a harsh reminder of how high run ups can go on no news and solely on the flight to junk at market extremes. As of 8:39 AM EST…
JON C. OGG
We ran a full detail of the activity in SEQUENOM, Inc. (NASDAQ: SQNM) of the rumors that are driving the stock this morning over at BioHealthInvestor.com. And the volume is already at a full day’s volume after just oiver an hour…. At 10:58 AM EST we have seen 12.8 million shares trade hands on a 12.5% gain to $5.94. Average volume here is only 10.4 million shares, and the 52-week trading range is $2.86 to $29.14. CALL Options are trading through the roof in trading volume as well… We have already seen over 18,000 call option contracts trade hands for the SEPT-2009 expiration alone. As with all stocks moving on rumors, you are on your own. -JON OGG
BJ Services Company (NYSE: BJS) is surging on a deal in the oil patch… Baker Hughes Inc. (NYSE: BHI) is acquiring the company for what is supposed to be a 16% premium around $5.5 billion, but in a deal thgat greatly discounts it last year’s highs. The deal is mostly in stock and the BJ Services holders will have ownership of close to 27% of the new combined operation if the holders approve the merger. BJS shares are up 11% at $17.17 on over 3 million shares of common stock at 8:54 AM EST. At the same time, Baker Hughes is trading down 3.75% at $36.66 on about 800,000 shares. -JON OGG