Yahoo Shares Jump on Fresh Microsoft Talk - InformationWeek

Yahoo Shares Jump on Fresh Microsoft Talk
InformationWeek
Despite beating analysts' estimates, Yahoo shares fell 2.3% Tuesday in after hours trading after the company announced that operating income is likely to ...

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PREMARKET ALERT: Novavax (NVAX)

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

Yahoo profit grows, but sales dip amid slowdown - Middle East North Africa Financial Network

Yahoo profit grows, but sales dip amid slowdown
Middle East North Africa Financial Network
Shares of Yahoo fell 4% to $16.08 in after hours trading, following the company's earnings announcement. Yahoo's earnings report comes amid renewed ...

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Six Investment Topics for the Week Ahead - Seeking Alpha

Six Investment Topics for the Week Ahead
Seeking Alpha
... of at least US$9.70 per share, up from its previous looking of US$9.20, helping its shares rise as much as 3% in after-hours trading last Thursday. ...

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Unusual Options Activity: Plains Exploration & Production (PXP)

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

CIT Group confirms $3 billion in rescue funding - Middle East North Africa Financial Network

CIT Group confirms $3 billion in rescue funding
Middle East North Africa Financial Network
The shares rose more than 7% to $1.34 in after hours trading. CIT Group, a bank retentive company, is a major lender to small- and medium-sized businesses, ...

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BEFORE THE BELL: US Stk Futures Up As CIT Said To Get Rescue - Wall Street Journal

BEFORE THE BELL: US Stk Futures Up As CIT Said To Get Rescue
Wall Street Journal
Orexigen soared 36% to $7.75 in after-hours trading after saying it will inform data at 8 am EDT Monday from three large Phase III clinical trials of its ...

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Price/Volume Alert: Yahoo! (YHOO)

Yahoo! Inc. (NASDAQ: YHOO) is looking higher this morning on pre-market volume, but the stock is also getting a bit exhausted ahead of its earnings.  This morning’s move is based upon the reports of a Microsoft search and advertising pact coming as soon as today.  Both companies report earnings this week, so if no deal comes do not be shocked if and when there is a disappointment in the reaction.  To show how much Yahoo! stock is dependent upon that deal, the 2.4% acquire to $17.28 this morning as of 8:30 has shares compares to a share price of $14.55 as recently as July 9.  We have seen close to 200,000 shares trade hands.  This “imminent” status will create large trading volume in either direction if and when it comes. -JON OGG

Asian Stocks Rise on Commodity Prices, US Housing; James Hardie ... - Bloomberg

Asian Stocks Rise on Commodity Prices, US Housing; James Hardie ...
Bloomberg
Prices for both materials were little changed in after-hours trading. BHP, Australia's biggest oil company, gained 1.7 percent to A$35.80. ...

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Red Hat joins the S&P 500 - InternetNews.com

Red Hat joins the S&P 500
InternetNews.com
In after hours trading Friday, Red Hat was up 8.45 percent to $22.34. Red Hat, the fast-growing provider of unstoppered source software solutions to enterprise ...

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US-BUSINESS Summary - BusinessDay

US-BUSINESS Summary
BusinessDay
AIG shares fell 3.8 percent to $13 in after-hours trading on Friday from its $13.52 close in regular trading on the New York Stock Exchange. ...

Options Volume Alert: Suncor (SU)

Suncor Energy Inc. (NYSE: SU) is seeing massive bullish state with more than 10,000 August $31 calls trading and 5,500+ August $32 calls trading against minimal open interest, almost all the state offer side.  Shares have broken backwards above all major EMAs with potential status at $34.60, the 200 week EMA.  Suncor is currently involved with a merger with Petro Canada, where Petro Canada shareholders receive 1.28 shares of Suncor per share held.  The combined company will cut costs for Brobdingnagian oil sands projects and expects to be a longer term positive.  Suncor earnings on July 23rd should provide more clarity on the merger proceedings and expected earnings impact.  Regulatory approval is expected for Q3, but regardless of approval option traders are looking for an upside move in shares in the coming month.  Another Brobdingnagian block of calls was just bought, 6,800+ for 17,000+ trading in the August $31 strike now.

-Joe Kunkle, founder of OptionsHawk.com

Tech beats finance: Red Hat joins the S&P 500 - InternetNews.com

Tech beats finance: Red Hat joins the S&P 500
InternetNews.com
In after hours trading Friday, Red Hat was up 8.45 percent to $22.34. Red Hat, the fast-growing provider of open source code solutions to project ...

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Options Volume Alert: Suncor (SU)

Suncor Energy Inc. (NYSE: SU) is seeing massive bullish action with more than 10,000 August $31 calls trading and 5,500+ August $32 calls trading against minimal open interest, almost all the action offer side.  Shares have broken backwards above all major EMAs with potential status at $34.60, the 200 week EMA.  Suncor is currently involved with a integration with Petro Canada, where Petro Canada shareholders receive 1.28 shares of Suncor per share held.  The compounded company module cut costs for huge oil sands projects and expects to be a longer term positive.  Suncor earnings on July 23rd should provide more clarity on the integration proceedings and expected earnings impact.  Regulatory approval is expected for Q3, but regardless of approval option traders are looking for an upside move in shares in the coming month.  Another huge block of calls was just bought, 6,800+ for 17,000+ trading in the August $31 accomplish now.

-Joe Kunkle, founder of OptionsHawk.com

Mark Cuban insider trading case thrown out - Canada.com

Mark Cuban insider trading housing tangled out
Canada.com
During after-hours trading on June 28, 2004, Mr. Cuban sold 10000 of his 600000 shares and the following morning sold his remaining stake. ...

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The Numbers Are In - The Big Money

The Numbers Are In
The Big Money
So why did investors punish Google in after-hours trading? According to New York Times communicator Miguel Helft, Google's stock actually dropped three percent ...

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PREMARKET ALERT: Yahoo (YHOO)

Yahoo Inc. (Nasdaq: YHOO) shares are up nearly 3 percent to $16.65 on premarket volume of nearly 100,000 shares. The have haw be gaining on comments Google had on its conference call regarding the return of large online advertisers in the first quarter. Oppenheimer this morning noted that it now has greater confidence that Google can exceed income and EBITDA estimates, and that it haw exceed margin estimates. The research outfit upraised its Yahoo direct to $19 from $13.25. — Mike Tarsala

PREMARKET ALERT: BioCryst Pharma (BCRX)

 

BioCryst Pharmmaceuticals Inc. shares are up 32 percent to $5.60, on premarket volume of more than 100,000 shares. The company posted positive results from two Phase III studies of intravenous peramivir in patients with seasonal influenza. The studies were sponsored by BioCryst’s partner Shionogi & Co and conducted during the 2008-2009 influenza season. — Mike Tarsala.

Stocks poised for lackluster open - CNNMoney.com

Stocks poised for lackluster open
CNNMoney.com
But concern about a drop in paid clicks, which are a primary maker of revenue for the search company, caused the stock to drop 3% in after-hours trading. ...

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BEFORE THE BELL: US Stk Futures Mixed Ahead Of Key Earnings - Wall Street Journal

BEFORE THE BELL: US Stk Futures Mixed Ahead Of Key Earnings
Wall Street Journal
Shares slid 3.4% to $427.61 in after-hours trading though earnings significantly topped analysts' expectations while revenue was in-line. ...