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Benzinga’s Volume Movers (CRUS, FOSL, ZOLT, LMNX)
Tuesday, May 11, 2010 - 2:03pm | 161Cirrus Logic Inc (NASDAQ: CRUS) shares gained 14.52% to $13.72 by 1:18 pm. The volume of CRUS shares traded was 1129% higher than normal. CRUS posted better-than-expected EPS for the March quarter. Fossil Inc (NASDAQ: FOSL) shares climbed 9.40% to $41.42. The volume of FOSL shares traded was 416%...
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Company News for May 7, 2010 - Corporate Summary
Friday, May 7, 2010 - 9:45am | 187• AIG (NYSE:AIG) reported adjusted earnings of $1.21, well above Zacks estimates for 48 cents, on revenues of $16.33 billion, which missed projections of $22.38 billion • Consolidated Edison (NYSE:ED) posted better-than-expected first quarter results of 93 cents versus Zacks expectations of 81 cent...
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Benzinga’s Top Pre-Market Losers (SQNM, OCLRD, IMGN, MPEL, ARMH)
Friday, May 7, 2010 - 8:37am | 158Sequenom Inc (NASDAQ: SQNM) lost 9.82% to $5.05 in the pre-market session. SQNM has widened its Q1 losses as a result of higher costs and expenses, along with reduced margins. Oclaro Inc (NASDAQ: OCLRD) tumbled 7.33% to $11.75 in the pre-market session. OCLRD is offering 6,000,000 newly issued...
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Profits Taken in Kendle International
Thursday, May 6, 2010 - 2:13pm | 145Shares of Kendle International (NASDAQ: KNDL) are collapsing today after the company reported worse than expected earnings for what the clinical research services provider called a "particularly challenging" quarter. Shares are currently off 13.57% to $14.61. Puts are active in the name with the...
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Stocks That Created New 52-Week Highs (ATRO, CDZI, CALP, CMFB, CVGI)
Thursday, May 6, 2010 - 1:51pm | 211Astronics Corporation (NASDAQ: ATRO) shares climbed to $16.75, creating a new 52-week high, before slipping slightly to $16.58. ATRO had reported strong Q1 results. Cadiz Inc (NASDAQ: CDZI) shares climbed to $14.18, creating a new 52-week high, before slipping slightly to $14.10. CDZI acquires and...
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Exelixis Sees Heavy Bear Activity
Thursday, May 6, 2010 - 1:05pm | 86Shares of Exelixis (NASDAQ: EXEL) are falling sharply today to $5.30, currently off 6.23%. The biotech company is currently seeing put volume running at 10.37x the average daily volume with 100% of puts traded purchased on the offer. This signals intense bearishness in Exelixis. The action is...
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Bullish Bet on Charles River Labs
Wednesday, May 5, 2010 - 12:21pm | 112Shares of Charles River Labs (NYSE: CRL) have been pounded lower over the past few months, falling from $41 to its current trade price of $32.39, but one trader is betting on a rise in the name over the short term. The May $35 call was purchased 1,000 times on the offer a short while ago. Open...
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Early Volume Plays In Stocks Trading Close To $7 (TORM, SPIR, CBMX, UWBK)
Wednesday, May 5, 2010 - 11:47am | 292Some of the stocks that are valued around $7 and are among the high volume movers in the early trading hours are: TOR Minerals International (NASDAQ: TORM) said yesterday that it made a profit of $0.26 a share in the first quarter, as compared to a loss of $0.15 a share in the year ago quarter....
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Auriga Raises Price Target For eResearch Technology, Inc. (ERES)
Monday, May 3, 2010 - 3:40pm | 92Analyst Gene Mannheimer at Auriga has released an update on eResearch Technology, Inc. (NASDAQ: ERES). Last week, the company reported its first-quarter results. The company also announced its acquisition of the Clinical Research Services division of CareFusion (NYSE: CFN). eResearch’s first-...
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Standpoint Research Downgrades Pharmaceutical Product Development (PPDI)
Monday, May 3, 2010 - 2:21pm | 84Standpoint Research has downgraded shares of Pharmaceutical Product Development (NASDAQ: PPDI) from Buy to Hold. According to Standpoint analyst Ronnie Moas, the stock is now fairly valued at 26x trailing 12 months earnings and 19x forward earnings. The company reported strong earnings last week...
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Medivation Receives Long Vol Trade
Monday, May 3, 2010 - 2:08pm | 94Medivation (NASDAQ: MDVN) is seeing some interesting options activity today. The June $16 calls were purchased on the offer for $5.50 a short while ago just as a large block of shares went up for sale at $11.30. This is clearly a volatility play given the ratio of shares to calls and the given...
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MannKind Loss Shrinks - Analyst Blog
Monday, May 3, 2010 - 2:06pm | 396MannKind’s (MNKD) first quarter fiscal 2010 net loss per share declined to 40 cents, compared to a loss of 58 cents in the first quarter of 2009. The Zacks Consensus Estimate was pegged at a loss of 44 cents per share. MannKind does not have any marketed products, and hence does not generate any...
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Merger Arbitrage Mondays – May 03, 2010
Monday, May 3, 2010 - 7:45am | 4751We saw twice as many Merger and Acquisition announcements last week when compared to the prior week with six new deals announced. One deal closed and CKE scrapped the THL deal to accept Apollo’s takeover bid for $12.55 per share. The deal that closed was the acquisition of Techwell (TWLL) by...
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Medical Device ETF Might Have More Steam In It
Sunday, May 2, 2010 - 2:44am | 215While the medical device sector generates its fair share of press the one ETF that is devoted to the sector, the iShares Dow Jones US Medical Devices ETF (NYSE: IHI), has an average daily volume of below 69,000 shares. That's not a problem because the ETF does have almost $430 million in assets...
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Benzinga’s Volume Movers (IRBT, ILMN, CPNO, LOGM, JST)
Thursday, April 29, 2010 - 3:37pm | 187iRobot Corp (NASDAQ: IRBT) shares gained 32% to $20.09 by 2:05 pm. The volume of IRBT shares traded was 1225% higher than normal. IRBT has posted better-than-expected Q1 results. Illumina, Inc (NASDAQ: ILMN) shares climbed 12.83% to $42.47. The volume of ILMN shares traded was 569 % higher than...