Many stocks are on the move this Tuesday. Our top day trader alerts and active trader alerts are seen in Potash Corp. of Saskatchewan, Inc. (NYSE: POT), China Agritech, Inc. (NASDAQ: CAGC), Origin Agritech Limited (NASDAQ: SEED), Fiserv Inc. (NASDAQ: FISV), MannKind Corporation (NASDAQ: MNKD), Pacific Ethanol, Inc. (NASDAQ: PEIX), Pactiv Corporation (NYSE: PTV), Research in Motion Limited (NASDAQ: RIMM), Rick’s Cabaret International, Inc (NASDAQ: RICK), and Teekay Offshore Partners L.P. (NYSE: TOO). We have compiled the news and the move with some added color where applicable.
Potash Corp. of Saskatchewan, Inc. (NYSE: POT) is surging after rejecting a $130 buyout offer. Shares are up 28% at $144.00 on well over 2 million shares. China Agritech, Inc. (NASDAQ: CAGC) closed at $15.28 and shares are trading up 8.5% at $16.59 on 40,000 shares. Origin Agritech Limited (NASDAQ: SEED) closed at $8.33 and shares are up over 8% at $9.02 on more than 20,000 shares.
Fiserv Inc. (NASDAQ: FISV) is indicated up 2% above $51.00 this morning after Warren Buffett added the stocks as a new position inside Berkshire Hathaway’s public stock holdings.
MannKind Corporation (NASDAQ: MNKD) is down over 6% at $6.41 after having been down more than 8%… This is over an offering of up to 8,000,000 shares of its common stock in a stock loan to Bank of America.
Pacific Ethanol, Inc. (NASDAQ: PEIX) is up 17% at $0.61 after positive earnings after items; Revenue was $76.8 million versus $70.1 million a year ago.
Pactiv (NYSE: PTV) is higher on reports that it may be acquired by the Rank Group from New Zealand. Shares are trading up over 8% at $33.65 on about 100,000 shares.
Research in Motion Limited (NASDAQ: RIMM) is lower and may challenge the $50.00 per share mark again. We have seen nearly 50,000 shares trade hands and shares are down by more than 1% at $50.25.
Rick’s Cabaret International, Inc (NASDAQ: RICK) is indicated down 10% after a double-digit drop last night after earnings were $0.09 EPS and revenues were $19.93 million versus estimates of $0.20 EPS and $20.34 million.
Teekay Offshore Partners L.P. (NYSE: TOO) is down 5% at $22.00 on somewhat active volume after releasing that it plans to offer 5,000,000 common units for general partnership purposes, which includes funding vessel acquisitions. It also plans to repay a portion of its outstanding credit facility debt.
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JON C. OGG
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