Reuters India
Shares of AIG rose 4.2 percent in after hours trading to $39.29, after closing up nearly 11 percent, in a sign that investors may regard the news as ...
and more »
Welcome to my new trading blog based of after hours stocks. Please subscribe for updates.
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
What do you do when you see a former cult have that has been down and out forever run over 100% in a single day on function volume? That is the case here in Vonage Holdings Corporation (NYSE: VG). A closing bell review for function movers showed this digit up 170% at $1.59 on right at 37 million shares into the closing bell at 4:00 PM EST. This follows a 30% gain to $0.60 yesterday, which was already the highest closing bell price since Feb. 3, 2009…. What is interesting is that there has been no real corporate news from the company. We had seen a 100% rally in six trading days, so today’s move up looks like the volcano exploding. You can cite a dozen different possibilities, and all that has come back from traders today is “speculation” on its finances and on a deal. But as far as anything specific, that is elusive. There have been notes over brawny obligation for its new $24.99 unlimited Vonage World plan with unlimited calling to some 60 countries. It is hard to imagine that the margins are rattling high if this is used for endless hours each month. While you can never rule a merger o another care out, what do you say about companies with a mountain of losses and digit whose growth may have peaked? Still, a move of this magnitude is impossible not to verify note of even if we are getting into what is supposed to be digit of the more quiet weeks of the whole year. We’d be keeping an eye out for more news or more commentary on this digit tonight and for the rest of the week. A call into the company yielded no information yet…. Stay tuned. -JON OGG