We have several decent movers this morning in the early morning. This Monday’s top day trader and active trader alerts are in Apartment Investment & Management Co. (NYSE: AIV), Cell Therapeutics, Inc. (NASDAQ: CTIC), DreamWorks Animation SKG Inc. (NASDAQ: DWA), Himax Technologies, Inc. (NASDAQ: HIMX), Odyssey Healthcare Inc. (NASDAQ: ODSY), Sprint Nextel Corp. (NYSE: S), and Zale Corp. (NYSE: ZLC). We have a brief explanation of the news and added color or pertinent data where applicable.
Apartment Investment & Management Co. (NYSE: AIV) just announced that it could sell up to 7 million shares of common stock in an at-the-money offering, although the company said in the release that it did not need the capital as of now. Shares are down 0.5% at $19.90.
Cell Therapeutics, Inc. (NASDAQ: CTIC) is trading lower after it agreed to sell $21 million in preferred stock and in warrants. Shares are down almost 17% at $0.37 on over 1 million shares. A penny stock, but a cult penny stock there is.
DreamWorks Animation SKG Inc. (NASDAQ: DWA) is being hit this morning as the Shrk the Final movie debut this last weekend was deemed as an underperformer. Shares are indicated down 8% at $31.99 on thin volume.
Himax Technologies, Inc. (NASDAQ: HIMX) is trading up 5% at $2.92 on over 50,000 shares this morning. This is on continued news of a dividend and over Taiwan depository receipts.
Odyssey Healthcare Inc. (NASDAQ: ODSY) is surging aftyer receiving a $27.00 per share cash buyout from Gentiva Health Services, Inc. (NASDAQ: GTIV). Odessey shares are up almost 37% at $26.40 versus a 52-week range of $9.30 to $22.18. Gentiva shares are down 0.5% at $25.65 on thin volume.
Sprint Nextel Corp. (NYSE: S) is up on two bits of good news. The cellular telecom player was raised to “Buy” at Goldman Sachs based upon lower churn rates and then Barron’s over the weekend gave it a positive article on value and turnaround. Shares are up almost 5% at $4.63 on relatively strong pre-market volume.
Zale Corp. (NYSE: ZLC) is up after it was raised to Hold from Sell at Soleil ahead of this week’s earnings and after Golden Gate Capital took a 25% stake earlier this month. Shares are up 3.6% at $2.85. Unfortunately the trading volume is thin.
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JON C. OGG
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