Friday, November 20, 2009

FDA OKs Abilify for autism-linked irritability - Forbes


FDA OKs Abilify for autism-linked irritability
Forbes
Bristol-Myers shares rose 4 cents to $24.50 in after-hours trading Friday after closing at $24.46, up 43 cents from a day earlier.

and more »

FDA OKs Abilify for autism-linked irritability - Forbes


FDA OKs Abilify for autism-linked irritability
Forbes
Bristol-Myers shares rose 4 cents to $24.50 in after-hours trading Friday after closing at $24.46, up 43 cents from a day earlier.

and more »

UPS To Raise Rates An Average Of 4.9% In 2010 - Wall Street Journal


UPS To Raise Rates An Average Of 4.9% In 2010
Wall Street Journal
UPS's shares slid 0.5% to $57.23 in after-hours trading. The stock has gained 17% in the past year. (Updates throughout with additional background, ...

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Baffling Netlist… Resembling K-Tel (NLST)

Netlist, Inc. (NASDAQ: NLST) is beyond amazing… It is becoming baffling how much this stock has run after all of its HyperCloud related trading gains.   We had noted each morning how Netlist’s chart had become a drunkard that would probably ebb and flow after its inflection point had been hit with 25 million shares on Monday and a $6.24 close from $4.47 on the Friday before.  This was not even $1.00 early last week.  It looks like the inflection point may be today.. or now maybe next week.  All we can say is that Netlist is pulling a KTEL for those of you who who were trading in the late 1990’s.  At 3:35 PM EST today we have shares going nuts and they took out the 52-week highs of $6,87 from Monday.  The highs today took it out and then some by hitting as high as  $7.98. Shares are now back down at $7.33 and up 29.3% on a whopping and unbelievable 29,193,054 shares.  This is a day trader’s dream.  Or a nightmare.

JON C. OGG


Moody's downgrades Sprint rating - The Associated Press


Moody's downgrades Sprint rating
The Associated Press
Shares of Sprint Nextel shed 2 cents to $3.74 in after-hours trading, after losing 9 cents to $3.76 during the regular session.

and more »

DryShips Options Pull on Offering (DRYS)

DryShips, Inc. (NASDAQ: DRYS) is seeing some options activity that stands out today, although it is a bit muted by our count considering that the $300 million convertible note offering was juiced up to $400 million and considering the share lending agreement with Deutsche Bank.  The action is almost irrelevant in NOV-2009, but the December action is where the options trading looks to be today.  The calls are first, and the puts are second.

DEC$    Volume    OpInt.
6.00    2,923    11,666
7.00    9,576    28,535
8.00    3,480    44,912

DEC$    Volume    OpInt.
5.00    1,463    8,528
6.00    4,484    14,286
7.00    1,445    21,313

There have been 5,662 contracts trade in the NOV-2009 $6.00 CALLS (in the money) versus an open interest of 11,341 contracts.  The other trading noted was in the March-2010 $7.00 CALLS saw 4,589 contracts trade hands versus an open interest of 7,153 contracts.  Interestingly enough, neither one of these seem to be huge bets about hedging on the notes.

JON OGG


Big Bullish Options Bet in B of A (BAC)

Bank of America Corp. (NYSE: BAC) has seen an absolute massive butterfly call spread for January 2011 as 50,000 January $20 and $40 calls are bought for $1.94, and 100,000 $30 calls are sold at $0.37, so a $1.20 debit, expecting shares to nearly double over the next year and volatility to come down a bit.  Shares are struggling to get above the 50 day EMA here, but this trade is a big institution looking for financials to continue to  flourish  in a low interest rate environment.  A trade of this magnitude is notable, and is also a bullish signal that a large institution is staying bullish the US markets.

For whatever it is worth, there were reports mid-week that billionaire hedge fund operator John Paulson had implied a $29.81 price target for Bank of America out in 2011.

Joe Kunkle, OptionsHawk.com


Despite Taking a Beating, Intel Is Still Attractive - Minyanville.com


Despite Taking a Beating, Intel Is Still Attractive
Minyanville.com
The shares took a pummeling after the announcement in after-hours trading and I have to admit I think it deserved a slap for the performance. ...


Bank of Florida postpones public offering - Bizjournals.com


Bank of Florida postpones public offering
Bizjournals.com
After the postponement was announced, they fell an additional 12 cents to 87 cents in after-hours trading. Its stock traded at $1.54 the day the public ...

and more »

Morning business news - Nov 20 - RTE.ie


Morning business news - Nov 20
RTE.ie
The disappointing figures sent shares down by 7% in after-hours trading. Dell says it expects revenues in the fourth quarter to improve. ...

and more »

DryShips Huge Overhang (DRYS)

DryShips Inc. (NASDAQ: DRYS) priced and increased the size of its prior announced offering from $300 million to $400 million in convertible notes issued at PAR with an interest rate of 5% and with an initial conversion price for the convertible notes of $7.19 per share.  In short, overhang and dilution.  That could unload another 55 million shares equivalent or so if this stock rallies again.  DryShips shares are down almost 4% at $6.28 at 8:34 AM EST on 1.25 million shares.  Average volume is almost 25 million shares.  We won’t bother with a 52-week range because you already know this one is the king of volatility.

JON OGG


ADC lost $19.2M in 4Q; guidance disappoints - BusinessWeek


ADC lost $19.2M in 4Q; guidance disappoints
BusinessWeek
Its shares fell sharply in after-hours trading as its guidance came in below analyst expectations. ADC, which supplies network equipment, software and other ...

and more »

Wall St drops on fresh recovery concerns - Livemint


Wall St drops on fresh recovery concerns
Livemint
Dell's stock fell 6.6% to $14.82 in after-hours trading. On Nasdaq, it had closed at $15.87. Thursday's market sell-off was broad-based, with all but four ...

and more »

Friday Newspaper Review - Irish Business News and International Stories ... - FinFacts Ireland


FinFacts Ireland

Friday Newspaper Review - Irish Business News and International Stories ...
FinFacts Ireland
Dell's shares tumbled more than 6 percent to $14.87 in after-hours trading, after closing down about 1 percent at $15.87 on Thursday. Since Michael S. Dell, ...

and more »

Thursday, November 19, 2009

Investors looking for safer assets cause stocks to tumble - Kansas City Star


Investors looking for safer assets cause stocks to tumble
Kansas City Star
Dell shares slid 6 percent in after-hours trading. As stocks fell, investors flocked to the dollar and Treasuries. The yield on the three-month T-bill, ...


Intuit grows revenue for Q1, continues push into "connected services" - ZDNet (blog)


Intuit grows revenue for Q1, continues push into "connected services"
ZDNet (blog)
Shares dipped slightly - about 1.5 percent - in after hours trading. Correction: An earlier version of this post inadvertently contained results based on ...

and more »

Dell Reports Large Q3 Revenue, Income Declines - ChannelWeb


Dell Reports Large Q3 Revenue, Income Declines
ChannelWeb
Investors reacted to the news, which was released after the market close, by driving Dell's share prices down in after-hours trading. ...

and more »

Though Dell's Profit Slips, Its Outlook Turns Brighter - New York Times


Though Dell's Profit Slips, Its Outlook Turns Brighter
New York Times
Dell's shares tumbled more than 6 percent to $14.87 in after-hours trading, after closing down about 1 percent at $15.87 on Thursday. Since Michael S. Dell, ...

and more »

Wall St drops on recovery concerns, tech rout - KUAR


Wall St drops on recovery concerns, tech rout
KUAR
Dell's stock fell 6.6 percent to $14.82 in after-hours trading. On Nasdaq, it had closed at $15.87. Thursday's market sell-off was broad-based, ...

and more »

AFTER THE BELL-Hot Topic, NetApp fall - Forbes


AFTER THE BELL-Hot Topic, NetApp fall
Forbes
NEW YORK, Nov 18 (Reuters) - Shares of Hot Topic fell 6 percent after the close on Wednesday after it reported results, while shares of NetApp declined 1.8 ...


AFTER THE BELL-Foot Locker shares drop - Interactive Investor


AFTER THE BELL-Foot Locker shares drop
Interactive Investor
Interactive Investor Trading Limited, trading as "Interactive Investor", is authorised and regulated by the Financial Services Authority. ...

and more »

Bank of Florida postpones public offering - Bizjournals.com


Bank of Florida postpones public offering
Bizjournals.com
After the postponement was announced, they fell another 12 cents to 87 cents in after-hours trading. Its stock traded at $1.54 the day the public offering ...

and more »

NetApp reports healthy quarterly earnings on strong equipment sales - BloggingStocks (blog)


NetApp reports healthy quarterly earnings on strong equipment sales
BloggingStocks (blog)
After-hours trading saw NTAP advance 3% to trade north of the $30 region. In the past three months, shares of the data storage company have added roughly ...

and more »

AFTER THE BELL-Hot Topic, NetApp fall - Forbes


AFTER THE BELL-Hot Topic, NetApp fall
Forbes
NEW YORK, Nov 18 (Reuters) - Shares of Hot Topic fell 6 percent after the close on Wednesday after it reported results, while shares of NetApp declined 1.8 ...


Solar Stocks & Options Flaring, Selectively (STP, TSL, CSIQ, SOLF, FSLR, LDK)

The market is selling off sharply today, but no one let the solar stocks know, which are rising sharply higher following positive earnings results and forecasts from SunTech (STP) and Trina Solar (TSL).  The rise comes despite oil dipping 2.25% below $80 as that trade has unraveled and solar stocks are actually starting to have a fundamental rationale to investing in them, and are closing in on economic viability.  Also, the recent news of subsidies in India is still having a positive impact.  Shares of Canadian Solar (CSIQ) and SolarFun (SOLF) are seeing increased bullish call activity today, and are breaking out on a technical basis.  However, juggernaut First Solar (FSLR) is down on the day, along with LDK Solar (LDK), so it looks like traders are targeting specific companies in the sector, which is also an unraveling, as usually the entire group trades together, but now momentum and value players are putting money to work, as can be seen by the relative strong shar e volume today.

JOE KUNKLE, OptionsHawk.com


Limited Brand Earnings - WJTV


Limited Brand Earnings
WJTV
Limited Brands raised its full-year guidance, and its shares rose nearly 3 percent in after-hours trading. Like rivals, it has focused on cutting costs to ...

and more »

AFTER THE BELL-Hot Topic, NetApp fall - Forbes


AFTER THE BELL-Hot Topic, NetApp fall
Forbes
NEW YORK, Nov 18 (Reuters) - Shares of Hot Topic fell 6 percent after the close on Wednesday after it reported results, while shares of NetApp declined 1.8 ...


Solarfun Reaches Exponential Volume Before Noon (SOLF)

Solarfun Power Holdings Co. Ltd. (NASDAQ: SOLF) has already gone exponential on trading volume.  At 11:48 AM EST we have already hit 200% above normal trading with over 4.5 million shares versus an average volume for a full day of 1.4 million shares.  To top it off, this marks a 9.6% gain to $7.10 versus a 52-week trading range of $2.27 to $8.95.  This is following the Oppenheimer upgrade.

JON C. OGG


Limited Brand Earnings - WJTV


Limited Brand Earnings
WJTV
Limited Brands raised its full-year guidance, and its shares rose nearly 3 percent in after-hours trading. Like rivals, it has focused on cutting costs to ...

and more »

AFTER THE BELL-Hot Topic, NetApp fall - Forbes


AFTER THE BELL-Hot Topic, NetApp fall
Forbes
NEW YORK, Nov 18 (Reuters) - Shares of Hot Topic fell 6 percent after the close on Wednesday after it reported results, while shares of NetApp declined 1.8 ...


Microvision Gets More Micro (MVIS)

Microvision, Inc. (NASDAQ: MVIS) is fighting CMED for the worst performer this morning.  This is on a secondary offering.  Hares closed at $4.11 and are down over 18% at $3.35 on only about 16,000 shares at 8:51 AM EST.  This will be more active as the bell gets closer as there are some 865,000 shares per day and a 52-week range of $0.77 to $5.75.

JON OGG


NetApp reports healthy quarterly earnings on strong equipment sales - BloggingStocks (blog)


NetApp reports healthy quarterly earnings on strong equipment sales
BloggingStocks (blog)
After-hours trading saw NTAP advance 3% to trade north of the $30 region. In the past three months, shares of the data storage company have added roughly ...

and more »

Aetna cutting more than 1000 jobs by 1st quarter - San Luis Obispo Tribune


San Luis Obispo Tribune

Aetna cutting more than 1000 jobs by 1st quarter
San Luis Obispo Tribune
The stock then fell 5 cents to $29.16 in after-hours trading. AP Business Writer Damian Troise contributed to this story from New York. ...

and more »

Petsmart 3Q profit rises 6 percent on higher sales - Seattle Times


Petsmart 3Q profit rises 6 percent on higher sales
Seattle Times
Petsmart shares fell 31 cents to $26 in after-hours trading Wednesday after closing at $26.31, up 35 cents on the day.

and more »

AFTER THE BELL-Hot Topic, NetApp fall - Forbes


AFTER THE BELL-Hot Topic, NetApp fall
Forbes
NEW YORK, Nov 18 (Reuters) - Shares of Hot Topic fell 6 percent after the close on Wednesday after it reported results, while shares of NetApp declined 1.8 ...


Aetna cutting more than 1000 jobs by 1st quarter - Mid Columbia Tri City Herald


Aetna cutting more than 1000 jobs by 1st quarter
Mid Columbia Tri City Herald
The insurer made its announcement after markets closed Wednesday. The stock then fell 5 cents to $29.16 in after-hours trading.

and more »

S Korea Shares End Up Led By Foreign Buying; Blue Chips Rise - Wall Street Journal


S Korea Shares End Up Led By Foreign Buying; Blue Chips Rise
Wall Street Journal
Hyundai Mobis extended gains from the previous day after news that Hyundai Motor sold its entire 1.68% stake in Hyundai Mobis during after-hours trading to ...

and more »

AFTER THE BELL-Hot Topic, NetApp fall - Forbes


AFTER THE BELL-Hot Topic, NetApp fall
Forbes
NEW YORK, Nov 18 (Reuters) - Shares of Hot Topic fell 6 percent after the close on Wednesday after it reported results, while shares of NetApp declined 1.8 ...


Vivus says erectile dysfunction trial meets goals - Alibaba News Channel


Vivus says erectile dysfunction trial meets goals
Alibaba News Channel
Vivus said late on Tuesday that it would announce the avanafil data on Wednesday morning, and shares rose further in after hours trading. ...

and more »

Wednesday, November 18, 2009

Netease.com Posts Lackluster Internet Results For A Difficult Quarter In China - ChinaTechNews.com


Netease.com Posts Lackluster Internet Results For A Difficult Quarter In China
ChinaTechNews.com
Yet these results have failed to impress investors, who have caused the company's stock to tumble in after-hours trading. The share price ended at USD37.10, ...

and more »

AFTER THE BELL-Hot Topic, NetApp fall - Forbes


AFTER THE BELL-Hot Topic, NetApp fall
Forbes
NEW YORK, Nov 18 (Reuters) - Shares of Hot Topic fell 6 percent after the close on Wednesday after it reported results, while shares of NetApp declined 1.8 ...


NetEase.com Q3 Profit Up Yet Miss Estimates - Update - RTT News


RTT News

NetEase.com Q3 Profit Up Yet Miss Estimates - Update
RTT News
Following the announcement of results, NetEase shares fell more than 8% in after hours trading. The Beijing, China-based company's third quarter net profit ...

and more »

AFTER THE BELL-Hot Topic, NetApp fall - Forbes


AFTER THE BELL-Hot Topic, NetApp fall
Forbes
NEW YORK, Nov 18 (Reuters) - Shares of Hot Topic fell 6 percent after the close on Wednesday after it reported results, while shares of NetApp declined 1.8 ...


NEWS | SAN DIEGO Jack in the Box 4Q profit up but outlook weak - San Diego Daily Transcript (subscription)


NEWS | SAN DIEGO Jack in the Box 4Q profit up but outlook weak
San Diego Daily Transcript (subscription)
However, a weak forecast for fiscal 2010 sent shares tumbling 6 percent in after-hours trading. Comments are moderated by SDDT, in accordance with the SDDT ...

and more »

NetEase 3Q Results Miss Estimates, Shares Fall - ABC News


NetEase 3Q Results Miss Estimates, Shares Fall
ABC News
... results fell below analyst expectations, sending NetEase's American Depositary Shares tumbling $3.69, or 9.1 percent, to $37.10 in after-hours trading. ...

and more »

Marvell Names New Board Member - ABC News


Marvell Names New Board Member
ABC News
He is the vice chairman of Give2Asia. Marvell shares rose 33 cents in after-hours trading, after finishing regular trading down 33 cents at $16.09.

and more »

AFTER THE BELL-Hot Topic, NetApp fall - Forbes


AFTER THE BELL-Hot Topic, NetApp fall
Forbes
NEW YORK, Nov 18 (Reuters) - Shares of Hot Topic fell 6 percent after the close on Wednesday after it reported results, while shares of NetApp declined 1.8 ...


Merger Rumors & Chatter Drives Options (BG, MON, NWS, MWW, NUE, SCHN, CL, AMTD, ETFC)

Originally submitted at 2:00 PM EST…. Despite the markets trading a bit lower today there was a lot of call activity today based on takeover chatter in various sectors, as the bullish move in the markets coupled with a budding M&A market have speculators active.  Early morning action was in Bunge (NYSE: BG), with Monsanto (NYSE: MON) rumored to be offering a $75 price tag, and 24,000 calls traded, a lot of new opening buyers with 50% of the action offer side, with the large players buying the out of the money January $70 calls in size.

Then a rumor that News Corp (NYSE: NWS) is looking to takeout Monster Worldwide (NYSE: MWW) at $23.50 per share hit, and today 43,800 calls have traded, 52% offer side buys with 100+ lots of November and December $15 calls being bought, 22X average call volume.

A rumor that Nucor Corporation (NYSE: NUE) has a $60 offer for Schnitzer Steel (NASDAQ: SCHN) never really gained any traction.  Riverbed Technology (NASDAQ: RVBD)  was also back in the M&A chatter as 9,700 calls traded, half the action offer side, with buyers in December $22.50 calls.

The most explosive action came late in the day as Colgate (NYSE: CL) shares spiked 4% higher and IV jumped 56% as a UK newspaper mentioned that a merger with Reckitt may be close.  37,500 calls traded with 57% offer side, also seeing some sizable chunks of November $85/$90 calls and December $85/$90 calls being bought in strength.

Later in the day came wod that Ameritrade (NASDAQ: AMTD) might be looking to buy E*TRADE Financial (NASDAQ: ETFC) also began to hit trading floors and call action jumped…. at least for a sub-$2.00 stock.

JOE KUNKLE, OptionsHawk.com

NOVEMBER 17, 2009


PPD buying BioDuro in China expansion - The Associated Press


PPD buying BioDuro in China expansion
The Associated Press
Shares of PPD fell 6 cents to $20.98 in after-hours trading after falling 17 cents to close at $21.04 during the regular trading session.

and more »

Vivus says erectile dysfunction trial meets goals - Forbes


Vivus says erectile dysfunction trial meets goals
Forbes
Vivus said late on Tuesday that it would announce the avanafil data on Wednesday morning, and shares rose further in after hours trading. ...

and more »

BEFORE THE BELL: US Futures Steady As Housing, CPI Data Await - Wall Street Journal


BEFORE THE BELL: US Futures Steady As Housing, CPI Data Await
Wall Street Journal
Shares dropped 7.4% to $38.05 in after-hours trading although the online-business software maker's results topped its and Wall Street's expectations. ...

and more »

A Computer in Your Pocket - The Nokia N900 is Here! - Financial News USA (press release)


A Computer in Your Pocket - The Nokia N900 is Here!
Financial News USA (press release)
The news sent shares up by 14% in after-hours trading as investors welcomed the additional cash. LDK chairman and CEO Xiaofeng Peng said the deal will, ...

and more »

Poniard Recovering Again (PARD)

Poniard Pharmaceuticals, Inc. (NASDAQ: PARD) recovered off lows big-time yesterday after the company announced an updated positive clinical data from its Phase 2 trial of Picoplatin in colorectal cancer and new Phase 1 cardiac safety trial results.  Shares are continuing the recover this morning with a 10.9% gain to $2.71 on over 425,000 shares as of 8:26 AM EST.  This is on the heels of a huge drop from $7.58 on Friday to $1.83 on Monday after a failure of a picoplatin study in lung cancer trials.

JON C. OGG


BEFORE THE BELL: US Futures Steady As Housing, CPI Data Await - Wall Street Journal


BEFORE THE BELL: US Futures Steady As Housing, CPI Data Await
Wall Street Journal
Shares dropped 7.4% to $38.05 in after-hours trading although the online-business software maker's results topped its and Wall Street's expectations. ...

and more »

La-Z-Boy Sees Profitable 2Q - FOXBusiness


La-Z-Boy Sees Profitable 2Q
FOXBusiness
Shares of La-Z-Boy rose 12 cents or 1.67% in after-hours trading, Tuesday, after falling 20 cent or 2.71% during the session to close at $7.18 a share.

and more »

Standard Parking closes 6.6M offering - November 18 - KMPH Fox 26


Standard Parking closes 6.6M offering - November 18
KMPH Fox 26
... 30-day option to buy an additional 988936 shares. Standard Parking fell 15 cents to $15.91 in after-hours trading, after adding 28 cents to close at $16.06.

and more »