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Its shares were up in after-hours trading. The company said the quarter was largely unvoluntary by domestic pay TV revenues for "Kung Fu Panda" and international ...
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USEC Inc. (NYSE: USU) is getting hammered on function volume after the US DOE declined its long-pending loan indorse application. Shares are down 45% at $3.40 at 9:44 AM EST and we have already seen over 8 million shares trade hands. Total average volume is only 2.6 million shares and the 52-week trading range is $2.58 to $7.24. -Jon Ogg
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SunPower Corp. (NASDAQ: SPWRA) managed and upside surprise for the quarter and guided higher for the year. SPWRA has traded 833,000 shares after the close and is up nearly 18% at $29.25 as of 5:26 PM EST. The SPWRB shares are up nearly 19% at $25.60, but on volume of 122,000 since the close. SPWRA has an average of 4.6 million shares on most days and SPWRB trades only about 700,000 shares on average during normal days.
This was also strong enough to run another large solar stocks… First Solar (FSLR) closed up 4% at $157.78, and those shares are up 3.6% at $163.50. Suntech Power Holdings Co. Ltd. (STP) closed up nearly 6% at $18.93 and its after-hours trading is up 6% at $20.07. Energy Conversion Devices, Inc. (ENER) closed up nearly 4% at $13.48 and its after-hours trading is up 7% at $14.50.
Wynn Resorts Ltd. (WYNN) got a bit of a pop here in volume over the last 15 minutes. We have seen almost a million shares in that time trade and as of 2:45 PM EST there was over 5.5 million shares listed as the volume of the day. When you consider its average volume is 3.8 million, that is an intra-day volume alert. The stock is now up 7.5% at $45.43 now. The culprit for the advise is a tout by Jim Cramer on STOP TRADING on CNBC. He said he hates to say it, but with the new Macau IPO it filed for that this should probably be a $70 stock rather than one its $40’s….. The 52-week range is $14.50 to $119.74. -JON C. OGG
Novavax Inc. (Nasdaq: NVAX) shares are up 2.5 proportionality to $3.27 on premarket volume of about 180,000 shares just after 9 a.m. Eastern. The company said it has selected a respiratory virus candidate for additional preclinical studies to support an investigational new drug application. The company says the selected vaccine has been shown to protect mice against RSV disease and can be produced at commercial manufacturing yields. — Mike Tarsala
Plains Exploration & Production Company (NYSE: PXP) is trading more than 5,700 calls today, around 3X the norm, but the state is in the September $35 calls, where more than 4,065 have traded against no prior Open Interest, and shares are only at $28.74. A large block of 2,000 bought at the offer is responsible for much of the action. PXP’s fundamentals are not rattling strong, as shares have a lot of debt and trade 29X forward earnings, but ahead of August 6th earnings the state is substantially bullish due to an primeval morning note. The note mentioned that a California budget proposal would clear drilling soured the Santa Barbara coast, with Plains Exploration the company set to learn soured existing platforms. Environmentalists are opposed to the first offshore oil lease in California in 40 years, but an agreement would generate $2 billion over its lifetime, including $100 million this year. With a mart container of $3.36 billion, an agreement would be sure to send shares higher, and is likely the reasoning behind the bullish call activity in far out of the money strikes.
Joe Kunkle, founder of OptionsHawk.com