-
Late Summer Squeeze 08-25-2010
Wednesday, August 25, 2010 - 6:06pm | 799Cusick’s Corner The market did something this afternoon that it has been unable to do in the last three sessions, finish strong to the upside. Another positive about this close -- the shorts succumbed to an upside squeeze. There is some new concern in Japan, EWJ -- the Yen, FXY, has been on a...
-
Heavy put volume in Apollo (APOL), post-earnings option activity in American Eagle (AEO)
Wednesday, August 25, 2010 - 2:04pm | 1799The Hotlist scans unusual option volume during the trading day and is available to all OptionsHouse customers, including those who sign up for a virtual trading account. Refer to this article for more information on Hotlist works. There has been a lot of uncertainty surrounding for-profit...
-
Bond Markets React to Potential Fed QE Program
Wednesday, August 25, 2010 - 1:59pm | 887Cusick’s Corner The economic data continues to disappoint – the Durable Goods number dampened growth forecasts for the upcoming months, coming in well below estimates. The shorts are right at this stage and they are getting more and more confirmation from the overall market data. This is very...
-
Piper Jaffray Slashes Corinthian Colleges Price Target (COCO)
Tuesday, August 24, 2010 - 3:07pm | 111Piper Jaffray slashed its Price Target on Corinthian Colleges (NASDAQ: COCO) to $3.50 from $14 today. Piper Jaffray maintains an Underweight rating on Corinthian Colleges. Corinthian Colleges, Inc. is a post-secondary education company in the United States and Canada. Piper Jaffray analysts notes...
-
Piper Jaffray Upgrades ATA Inc. to Neutral (ATAI)
Tuesday, August 24, 2010 - 3:00pm | 122Piper Jaffray upgraded ATA Inc. (NASDAQ: ATAI) shares from Underweight to Neutral today. Piper Jaffray maintained its $3 price target on the stock. In a research report, Piper Jaffray notes its upgrade was because analysts "believe the shares have limited downside from here, as we don't see a...
-
Apollo Group Rallying On Heavy Volume (APOL)
Tuesday, August 24, 2010 - 11:17am | 144Private education stock Apollo Group (NASDAQ: APOL) is heavily traded by hedge funds, and as a result the moves in the name can be fast and volatile. Year-to-date, APOL has been crushed, falling nearly 30% in 2010. The stock may have found a bottom, however, and has been moving higher since mid-...
-
Unusual option activity: Cintas Corp. (CTAS), Dick’s Sporting Goods (DKS), Walgreen Co. (WAG)
Tuesday, August 24, 2010 - 8:07am | 1830The Hotlist, which scans unusual option volume throughout the session, is available to all OptionsHouse customers, including those who sign up for a virtual trading account. For more information on how the Hotlist works, read this article. Cintas Corp. (NASDAQ: CTAS) shares have been consolidating...
-
Piper Jaffray Upgrades ATA to Neutral (ATAI)
Tuesday, August 24, 2010 - 7:56am | 172Piper Jaffray is out with a research report this morning, where it upgrades shares of ATA Inc. (NASDAQ: ATAI) to Neutral, from Underweight; it has a $3.00 price target on the stock. The PJ analysts cited the following reasons for the upgrade: 1. “We believe the shares have limited downside from...
-
Benzinga’s Top Pre-Market NASDAQ Losers (CRUS, ASML, GERN, COCO)
Tuesday, August 24, 2010 - 7:51am | 129Cirrus Logic Inc (NASDAQ: CRUS) dipped 5.33% to $15.45 in the pre-market session. Analyst Tore Svanberg of Stifel Nicolaus downgraded CRUS from "buy" to "hold." ASML Holding NV (NASDAQ: ASML) lost 3.91% to $26.55 in the pre-market session. ASML is expected to earn $0.95 per share in the next...
-
Piper Jaffray Upgrades ATAI To Neutral
Tuesday, August 24, 2010 - 6:10am | 49Analysts at Piper Jaffray upgrade ATA Inc (NASDAQ: ATAI) from "underweight" to "neutral." The target price for ATAI is set to $3. ATAI’s shares fell 0.68% to close at $2.90 yesterday. More Analyst Ratings here
-
COCO: Further Significant Business Model Changes Ahead
Monday, August 23, 2010 - 8:59am | 295Analysts at Deutsche Bank reiterate their "hold" rating on Corinthian Colleges Inc (NASDAQ: COCO), while revising their estimates for the company. The target price for COCO has been reduced from $7 to $5. According to Deutsche Bank, “Low repayment rates and expected low average salaries, combined...
-
Benzinga’s Top Pre-Market NASDAQ Losers (JAZZ, SAFM, PDLI, COCO)
Monday, August 23, 2010 - 7:50am | 127Jazz Pharmaceuticals Inc (NASDAQ: JAZZ) dipped 25.22% to $7.65 in the pre-market session. US FDA panel has rejected JAZZ’s drug for treating the pain disorder fibromyalgia. Sanderson Farms Inc (NASDAQ: SAFM) lost 4.56% to $41.19 in the pre-market session. SAFM has reported weaker-than-expected Q3...
-
Before The Bell – A Glimpse Of The Market Today
Friday, August 20, 2010 - 7:36am | 402Stock futures face another dismal day on Friday following Thursday’s selloff over economic concerns, weaker-than-expected jobless claims data and a negative Philadelphia Fed Index. The DOW futures fell 42 points to 10,193, the S&P 500 futures shed 4.6 points to 1,067, and the NASDAQ futures...
-
Benzinga’s Top Pre-Market NASDAQ Losers (COCO, ASML, RIMM, DELL)
Friday, August 20, 2010 - 7:25am | 128Corinthian Colleges Inc (NASDAQ: COCO) dipped 7.41% to $5 in the pre-market session. COCO has reported weaker-than-expected Q4 earnings. ASML Holding NV (NASDAQ: ASML) lost 3.82% to $27.97 in the pre-market session. ASML was also among the list of top pre-market gainers yesterday. Research In...
-
COCO Q4 Revenue Tops Expectation, Earnings Fall Short
Friday, August 20, 2010 - 7:04am | 59Corinthian Colleges (NASDAQ: COCO) reports its Q4 EPS at $0.38, as compared to the consensus of $0.39. COCO’s Q4 revenue came in at $482.7 million, versus the estimates of $477.12 million. COCO’s shares lost 4.26% to $5.17 in pre-market trading. Read more from Benzinga's Company news.