Investing
Top Active Trader Stock Alerts (ADBE, AA, AIB, CYTX, DRWI, FFIV, GENZ, KLIC, KLAC, NBG, ONXX, TSYS)
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This Friday was influenced by unemployment data and there are many stocks on the move. Some are earnings, some are not. We are tracking pre-market trading and volume spikes in shares of Adobe Systems Inc. (NASDAQ: ADBE), Alcoa Inc. (NYSE: AA), Allied Irish Banks plc (NYSE: AIB), Cytori Therapeutics, Inc. (NASDAQ: CYTX), DragonWave Inc. (NASDAQ: DRWI), F5 Networks, Inc. (NASDAQ: FFIV), Genzyme Corporation (NASDAQ: GENZ), Kulicke & Soffa (NASDAQ: KLIC), KLA-Tencor Corporation (NASDAQ: KLAC), National Bank of Greece SA (NYSE: NBG), Onyx Pharmaceuticals, Inc. (NASDAQ: ONXX), and TeleCommunication Systems, Inc. (NASDAQ: TSYS).
Adobe Systems Inc. (NASDAQ: ADBE) is playing some give-back after yesterday’s big run as many doubt that a merger is in the works with Microsoft. Shares are down nearly 3% at $27.87 on over 600,000 shares in the pre-market.
Alcoa Inc. (NYSE: AA) is up after it beat muted earnings expectations and talked up demand for aluminum from 12% to 13%. JPMorgan also raised the rating. Shares are up just over 3% at $12.57 on over 1.3 million shares in the pre-market.
Allied Irish Banks plc (NYSE: AIB) is becoming “the daily dumper” and is living up to its new nickname this morning. Shares are down 2.5% at $1.15 on 160,000 shares in the pre-market.
Cytori Therapeutics, Inc. (NASDAQ: CYTX) is being punished after it priced a 4 million share secondary offering $4.50 per share. Shares are down 12.9% at $4.65 after closing at $5.34 Thursday.
DragonWave Inc. (NASDAQ: DRWI) is up over 5% at $7.01 holding on to last night’s gains on positive earnings guidance news. Volume is thin.
F5 Networks, Inc. (NASDAQ: FFIV) is lower now that Goldman Sachs cut the rating to a SELL based on valuations and a lack of a deal coming per its belief.
Genzyme Corporation (NASDAQ: GENZ) formally rejected Sanofi-Aventis (NYSE: SNY) and its $69 cash bid and now is exploring alternatives to seek a formal sale process to other buyers. Shares are up only 0.8% at $72.95 as skeptics feel a higher bid is not going to be coming or will not be much more than the $69 already on the table.
Kulicke & Soffa (NASDAQ: KLIC) proved that dirt cheap valuations did not even factor in all the bad news that should have been priced in. Shares are down 12.6% at $5.67 on more than 1.8 million shares pre-market; the 52-week range is $4.03 to $9.58. KLA-Tencor Corporation (NASDAQ: KLAC) is viewed as the larger version of KLIC by traders on many days and its shares are down 2.5% at $34.10 in thinner volume in sympathy with KLIC.
National Bank of Greece SA (NYSE: NBG) is lower by 2.3% at $2.50 this morning on 65,000 pre-market shares, probably on more Greek and PIIGS concerns.
Onyx Pharmaceuticals, Inc. (NASDAQ: ONXX) is trading lower after it delayed its FDA New Drug Application for carfilzomib. Shares are down in line with the move last night and the stock is down 6.6% at $25.69, but volume is thin compared to its 500,000 shares traded after the close last night.
TeleCommunication Systems, Inc. (NASDAQ: TSYS) is up by 7.71% at $4.89 on more than 30,000 shares after it received a telecom systems order of $9.3 million for global satellites from the US Army though August 2011.
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JON C. OGG
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