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Stocks Hitting 52-Week Highs (ALTR, ARMH, BRCM, CVTI)
Monday, July 12, 2010 - 2:36pm | 198Altera Corporation (NASDAQ: ALTR) shares created a new 52-week high of $27.74, before slipping slightly to $27.69, representing a 0.36% gain. ALTR has added 6.375-Gbps transceivers and up to 1.25-Gbps LVDS support to enhance its Arria® II GX FPGA variant. ARM Holdings (NASDAQ: ARMH) shares created...
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Top Narrow Based Indexes for July 8 (YONG, CAR, DIET)
Thursday, July 8, 2010 - 3:27pm | 207By 2:08 pm, the Dow Jones Industrial Average was up 45.94 points, or 0.46%, to 10,064.22, while the broader Standard & Poor's 500 index had gained 1.84 points, or 0.17%. The NASDAQ composite index had lost 0.29 points, or 0.01%. Some of the narrow based indexes driving the markets are Chinese...
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Top Narrow Based Indexes for July 7 (HTZ, SOLF, NLST)
Wednesday, July 7, 2010 - 2:25pm | 222By 1:29 pm, the Dow Jones Industrial Average was up 169.46 points, or 1.74%, to 9,913.08, while the broader Standard & Poor's 500 index had gained 19.31 points, or 1.88%. The NASDAQ composite index had also jumped 37.50 points, or 1.79%. Some of the narrow based indexes driving the markets are...
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Stephens Ups CVTI To Overweight
Friday, July 2, 2010 - 6:57am | 54Analysts at Stephens Inc upgrade Covenant Transportation Group Inc (NASDAQ: CVTI) from "equal weight" to "overweight." The target price for CVTI has been raised from $5 to $12. CVTI’s shares jumped 7.69% to close at $7.28 yesterday. More Analyst Ratings here
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Mixed Economic News 06-25-2010
Friday, June 25, 2010 - 2:59pm | 682Cusick's Corner It’s been a choppy session but major markets are a bit higher now amid the news that a financial reform deal was made overnight. Overall economic fears are still weighing on the market. In the morning, GDP came in worse than expected, which was later counter balanced by Consumer...
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Calls Purchased on YRC Worldwide (YRCW)
Wednesday, June 23, 2010 - 2:57pm | 128Shares of YRC Worldwide Inc. (NASDAQ: YRCW) are lower on the session by 7.76%, currently trading at $0.1937. The stock has been drifting lower and lower over the past six months as the stock nears potential bankruptcy. Options traders are picking up some calls on the name today, though. The...
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Puts Purchased on Avis Budget Group (CAR)
Friday, June 18, 2010 - 1:04pm | 120Shares of Avis Budget Group Inc. (NYSE: CAR) are lower on the session by 2.00%, currently trading at $11.29. The stock has been gyrating lower over the past two months and is now in a downward-trending channel. Options traders are bracing for some more downside and look to be buying puts. The...
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Calls Purchased on Hertz Global Holdings Inc. (HTZ)
Thursday, June 17, 2010 - 3:36pm | 150Shares of Hertz Global Holdings Inc. (NYSE: HTZ) are lower on the session by 2.63%, currently trading at $10.37. The stock sold off sharply in May and the stock is now trading below both the 50-day and 200-day moving averages. It appears that traders are coming in once again to support the stock at...
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Benzinga’s Volume Movers (SAIA, RBCN, MMSI, ASPS)
Monday, June 14, 2010 - 2:10pm | 170Saia Inc (NASDAQ: SAIA) shares jumped 7.37% to $16.03 at 11:09 am. The volume of SAIA shares traded was 347% higher than normal. SAIA’s stock has fallen 5.63% over the past 52-weeks, while the S&P 500 index has gained 15.37% over the same period. Rubicon Technology Inc (NASDAQ: RBCN) shares...
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Morgan Keegan Ups Estimates for P.A.M. Transportation Services (PTSI)
Thursday, June 10, 2010 - 8:39am | 79Morgan Keegan analysts Chaz Jones and Michael Cotogno raised their EPS estimates for P.A.M. Transportation Services, Inc. (NASDAQ: PTSI) An Outperform rating was reiterated by the analysts. "We believe that PTSI's re-branding efforts, sales and marketing overhaul, centralized dispatch, and...
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Euro Below 1.20 06-09-2010
Wednesday, June 9, 2010 - 6:52pm | 747Cusick’s Corner Bernanke said today on Capitol Hill that Europe’s debt trouble would have a modest impact on the U.S. His remarks did not help the major markets stay up through the afternoon and the sellers took over. This morning’s gains faded in the afternoon as the Euro fell below the...
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Mixed Call Action on Hertz Global (HTZ)
Tuesday, June 8, 2010 - 3:34pm | 184Shares of Hertz Global Holdings Inc. (NYSE: HTZ) are lower on the session by 4.20%, currently trading $9.35. The stock has been in a strong downtrend over the past five weeks and is nearing a support level around $9.00-9.20. Calls are in favor today, though the sentiment seems to be mixed. The...
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Puts Sold on Hertz (HTZ)
Friday, June 4, 2010 - 1:07pm | 106Shares of Hertz Global Holdings Inc. (NYSE: HTZ) are lower on the session by 6.13%, currently trading $10.41. The stock has been selling off as of late and is now flirting with the 200-day moving average. One trader is betting that the stock holds current levels (or at least does not fall...
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Benzinga’s Volume Movers (NTAP, SPRD, VTNC, RYAAY)
Thursday, May 27, 2010 - 1:47pm | 162NetApp Inc (NASDAQ: NTAP) shares gained 16.65% to $37.83 by 12:05 pm. The volume of NTAP shares traded was 446% higher than normal. NTAP’s fiscal Q4 profit more than doubled, led by strong demand for data storage systems. Spreadtrum Communications Inc (NASDAQ: SPRD) shares climbed 7.82% to $10.48...
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Late Market Roundup (CBS, VIA, CMCSA, XOI, DTG, CAR, HTZ, RBS, LYG)
Wednesday, May 26, 2010 - 2:49pm | 342The Executive Chairman of CBS Corp (NYSE: CBS), Sumner Redstone, spelt in an annual meeting that he had no interest in selling his network or Viacom (NYSE: VIA). Over the past few months, speculations had been rife about the acquisition of CBS, following the purchase of NBC by Comcast Corp (NASDAQ...