Electrical Components & Equipment

Here are today's mid-day options volume leaders… 1. Apple Inc. (NASDAQ: AAPL) 216,007 contracts, 57.4% calls, 42.6% puts 2. Research In Motion (NASDAQ: RIMM) 105,851 contracts, 41.1% calls, 58.9% puts 3. Bank of America (NYSE: BAC) 104,560 contracts, 70.9% calls, 29.1% puts 4. Harbin Electric Inc...

Harbin Electric Inc (NASDAQ: HRBN) shares surged 53.20% to $12.85 at 10:22 am. The volume of HRBN shares traded was 1499% higher than normal. HRBN agreed to be acquired for $24 per share in cash by Tech Full Electric Company Limited, a Cayman Islands company wholly owned indirectly by Mr. Tianfu...

Here's a little nugget in the Harbin Electric (NASDAQ: HRBN) merger agreement that you may have missed. "Under the terms of the Merger Agreement, each of the Company's shares (the "Shares") of common stock issued and outstanding immediately prior to the effective time of the merger will be...

Shares of PNC Financial Services Group Inc (NYSE: PNC) fell about 0.5% after the company announced its plans to acquire RBC Bank (USA), the US retail banking subsidiary of Royal Bank of Canada (NYSE: RY), for $3.45 billion, or $112 million discount to tangible book value. PNC projects the deal to...

Jabil Circuit (NYSE: JBL) is set to report third-quarter fiscal 2011 results Tuesday, June 21, after the markets close. Analysts are looking for the tech company to report that earnings grew 29.8% from a year ago to $0.57 per share. Sixty days ago, that consensus earnings estimate was the same. The...

Digital Power Corporation (NYSE: DPW) announced that it has acquired 1,136,666 shares of its largest shareholder, Telkoor Telecom, for $0.88 per share, which represents 8.8% of the outstanding shares of Telkoor.  This transaction was made by Digital Power's wholly-owned subsidiary, Digital Power...

Digital Power Corporation (NYSE: DPW) announced that it has acquired 1,136,666 shares of its largest shareholder, Telkoor Telecom Ltd. for $0.88 per share, which represents 8.8% of the outstanding shares of Telkoor.

According to KeyBanc, Brady Corporation (NYSE: BRC) is downgraded to Hold. KeyBanc said that it is downgrading its rating on shares of BRC from BUY to HOLD as a result of our concerns around the potential for persistent growth headwinds in the Asia-Pacific region for the OEM business and our...

Goldman Sachs provided color on Cooper Industries (NYSE: CBE). In a research report published today, Goldman commented on the company's offer to acquire its UK rival Laird. In the report, Goldman States, "Last week, CBE shares underperformed following the announcement that it had proposed to the...

Citi is out with its report today on First Solar (NASDAQ: FSLR), lowering its PT from $150 to $130. In a note to clients, Citi writes, "We rate FSLR Hold, Speculative (2S) with a $130 target. Given our view that the solar industry is entering into a sustainable period of secular growth and...

Vitacost.com Inc (NASDAQ: VITC) dipped 61.40% to $2.20 in the pre-market session. Vitacost's common stock will resume trading on June 20 on the NASDAQ Global Market under the symbol “VITC”. Human Genome Sciences Inc (NASDAQ: HGSI) dropped 4.57% to $24 in the pre-market trading. HGSI's trailing-...

Harbin Electric Inc (NASDAQ: HRBN) shares advanced 76.68% to $14.82 in the pre-market session. HRBN agreed to be acquired for $24 per share in cash by Tech Full Electric Company Limited, a Cayman Islands company wholly owned indirectly by Mr. Tianfu Yang, HRBN's Chairman and Chief Executive Officer...

Harbin Electric, Inc. (NASDAQ: HRBN) shares are soaring this morning, gaining more than 70% after the company announced again it was going to be taken private for $24 per share. This is not the first time the company has announced this, announcing it first in June, as well as October. The company...

Shares of Harbin Electric Inc (NASDAQ: HRBN) jumped more than 78% in pre-market trading after the company agreed to be acquired for $24 per share in cash by Tech Full Electric Company Limited, a Cayman Islands company wholly owned indirectly by Mr. Tianfu Yang, HRBN's Chairman and Chief Executive...

Rumors are circulating that the $24/buyout offer announced today for Harbin Electric (NASDAQ: HRBN) may be false. The 7:30am press release from today can be found here. At last check, stock of Harbin Electric is currently trading below $14/share, which represents an enormous arbitrage opportunity...