Investing
Top Active Trader Alerts (ABK, BCSI, CPWM, INTU, MRVL, RIMM, CRM, VRML)
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Active traders and day traders have many movers this Friday morning to choose from. The top alerts were seen in Ambac Financial Group, Inc. (NYSE: ABK), Blue Coat Systems Inc. (NASDAQ: BCSI), Cost Plus Inc. (NASDAQ: CPWM), Intuit Inc. (NASDAQ: INTU), Marvell Technology Group, Ltd. (NASDAQ: MRVL), Research in Motion Limited (NASDAQ: RIMM), Salesforce.com Inc (NYSE: CRM), and Vermillion, Inc. (NASDAQ: VRML).
Ambac Financial Group, Inc. (NYSE: ABK) is down again, this time by a sharp 14% at $0.46 on over 200,000. This appears to be more bankruptcy concerns after it hit a new 52-week low of $0.48 on Thursday.
Blue Coat Systems Inc. (NASDAQ: BCSI) is getting hit again after earnings with weak guidance due to Europe (for the second quarter in a row). Shares are down 7.4% at $17.55 on almost 20,000 shares. The 52-week range here is $16.35 to $36.25.
Cost Plus Inc. (NASDAQ: CPWM) traded higher last night after earnings by about 7%. It appeared to be up 19% this morning at $3.75 but that is on tiny volume. This one may be up but the bid-ask spread is not there.
Intuit Inc. (NASDAQ: INTU) shares are up big after earnings and guidance were both above estimates. Shares are up 6% at $41.25 but trading volume is still rather thin.
Marvell Technology Group, Ltd. (NASDAQ: MRVL) is soaring after earnings and after a buyback plan. Shares are up 9% at $16.26 on close to 300,000 shares.
Research in Motion Limited (NASDAQ: RIMM) is getting whacked on a late research call from Morgan Stanley with an underweight rating. Shares are down 2.5% at $49.20 on over 50,000 shares.
Salesforce.com Inc (NYSE: CRM) earned $0.29 in non-GAAP EPS vs. $0.27 expected from Thomson Reuters. Shares were up almost 8% in after-hours trading and that is the same level this morning at $104.20 on 35,000 shares.
Vermillion, Inc. (NASDAQ: VRML) has no fresh news and no fresh volume this morning. BUt how long can a trend last? We counted that there have been 13 straight trading days of share price declines. It closed at $5.93 yesterday and was at $11.80 when the mudslide started.
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JON C. OGG
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