There are some big stocks for active traders and day traders to ponder this morning. On the move are Ambac Financial Group, Inc. (NYSE: ABK), ASML Holding N.V. (NASDAQ: ASML), AVI Biopharma, Inc. (NASDAQ: AVII), Citigroup, Inc. (NYSE: C), Diamond Management & Technology Consultants, Inc. (NASDAQ: DTPI), Focus Media Holding Limited (NASDAQ: FMCN), National Bank of Greece SA (NYSE: NBG), and Research In Motion Ltd. (NASDAQ: RIMM).
Ambac Financial Group, Inc. (NYSE: ABK) is becoming a regular of sellers each morning on continued bankruptcy fears. Shares are down over 5% at $0.46 on over 30,000 shares. This is still holding above the 52-week low of $0.40.
ASML Holding N.V. (NASDAQ: ASML) is trading lower as one of the more active ADRs after European markets slid today. The ADR is down about 4% at $26.52 on about 100,000 shares.
AVI Biopharma, Inc. (NASDAQ: AVII) is up after it announced positive results from two of its pre-clinical studies of AVI-7100 against pandemic H1N1 virus. Shares are up 3.5% at $2.10 on over 80,000 shares.
Citigroup, Inc. (NYSE: C) is just down again by almost 2% at $3.68. With over an hour to the open there have already been close to 6 million shares traded. Some big banks and regional banks were hitting 52-week lows on Monday.
Diamond Management & Technology Consultants, Inc. (NASDAQ: DTPI) is soaring on news that PwC is acquiring the company for $12.50 per share. Shares are up 30% at $12.43 on more than 1.5 million shares.
Focus Media Holding Limited (NASDAQ: FMCN) is trading up after beating earnings in China. Shares are up 7.8% at $19.99 on only 13,000 shares, but this marks a 52-week high above the prior range of $8.59 to $19.26.
National Bank of Greece SA (NYSE: NBG) is down this morning after several issues. Huge earnings drop recently, ministers encouraging Greek banks to merge, and now S&P has cut the rating to a Strong-Sell rating. The ADRs are down 3% at $2.54 but on thin trading volume.
Research In Motion Ltd. (NASDAQ: RIMM) was cut in targets at Dundee (Canada) to $65 from $75, but the tape would have likely hurt it anyway. More importantly, R-I-M is now at 52-week lows if there is no recovery before the 9:30 AM Open. The current price is down 1.7% at $46.93 versus the prior 52-week range of $47.42 to $88.08. Many techs hit 52-week lows on Monday.
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JON C. OGG
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