The ADP report couldn’t save stocks yesterday. European concerns that were shrugged off last week came back with a vengeance. The anemic Spanish bond auction sent the broader market reeling. The ISM services miss also did not help the cause of the bulls and sent the bears stampeding through the major indices.
While growth concerns are creeping back into the market, the focus will be on the jobs report. If labor strength continues, the US markets could end up decoupling from European markets and continue higher.
The Dow closed down 125 points yesterday. The Nasdaq and S&P 500 both closed down 45 and 14 respectively.
BioMimetic Therapeutics Inc. (NASDAQ:BMTI) closed Wednesday up 7.78% at $2.91. BMTI traded 870 thousand shares, well above its daily average of 308 thousand shares. Gary Friedlaender (Director) bought 10,000 shares at $2.79 on April 2.
Opko Health, Inc. (NYSE:OPK) closed down 2.29% yesterday at $4.70. OPK traded 1.2 million shares on Wednesday and trades 1.7 million shares a day on average. Phillip Frost (CEO & Chairman) bought 40,000 shares at $4.81 on April 2.
Endeavour International Corporation (NYSE:END) finished Wednesday down 2.71% at $11.86. END traded 405 thousand shares on Wednesday and trades 571 thousand shares a day on average. GMT Capital Corp (10% owner) bought 77,484 shares at $12.09 on April 3.
Cyberonics Inc. (NASDAQ:CYBX) closed down 1.77% on Wednesday at $38.30. CYBX traded 143 thousand shares yesterday and trades 229 thousand shares a day on average. Daniel Moore (President & CEO) sold 5,000 shares at $37.80 on April 2. Gregory Browne (SR VP Finance & CFO) sold 2,500 shares at $37.80 on April 2.
Hershey Co. (NYSE:HSY) ended down 0.36% on Wednesday at $61.25. HSY traded 1 million shares on Wednesday and trades 1.1 million shares a day on average. Burton Snyder (SVP) sold 78,818 shares at $61.55 on April 2. Michele Buck (SVP) sold 12,144 shares at $62.00 on April 2.
CBL & Associates Properties Inc. (NYSE:CBL) closed Wednesday down 1.83% at $18.74. CBL traded 935 thousand shares yesterday and trades 1.7 million shares a day on average. Augustus Stephas (Exec VP & COO) sold 10,800 shares at $18.94.
Royale Energy Inc. (NASDAQ:ROYL) finished Wednesday down 4.10% at $4.91. ROYL traded 172 thousand shares on Wednesday, a fraction of its daily average volume. Tony Hall (Director) sold 4,000 shares at $5.14 on April 2. George Watters (Director) sold 4,000 shares at $4.96 on April 4.
LeapFrog Enterprises Inc. (NYSE:LF) closed down 2.20% yesterday at $8.44. LF traded 461 thousand shares on Wednesday and trades 798 thousand shares a day on average. Mollusk Holdings LLC (10% owner) sold 30,000 shares at $8.62 on April 3.
JDS Uniphase Corporation (NASDAQ:JDSU) ended Wednesday down 3.68% at $13.87. JDSU traded 6.7 million shares yesterday, well above its daily average of 6.6 million shares. Kevin Kennedy (Director) sold 8,000 shares at $14.39 on April 2.
Hologic Inc. (NASDAQ:HOLX) closed Wednesday down 0.09% at $21.91. HOLX traded 5.3 million shares yesterday, more than double its daily average. Robert Cascella (CEO and President) sold 12,500 shares at $21.69 on April 2.
Comcast Corporation (NASDAQ:CMCSA) finished Wednesday down 1.15% at $29.32. CMCSA traded 11 million shares yesterday and trades 14.2 million shares a day on average. Brian Roberts (President & CEO) sold 145,439 shares at $29.80 on April 3.
Keryx Biopharmaceuticals Inc. (NASDAQ:KERX) closed higher yesterday at $1.64. KERX shares rallied about $0.30 in late day trading to close in positive territory. KERX trades 3.1 million shares a day on average. Ron Bentsur (CEO) bought 71,400 shares at $1.38 on April 4.
Take Two Interactive Software Inc. (NASDAQ:TTWO) closed even on Wednesday after beginning the day negative. TTWO trades 1.6 million shares a day on average. Karl Slatoff (COO) sold 269,245 shares at $15.38 on April 2. Strauss Zelnick (CEO) sold 269,245 shares at $15.38.
Cheniere Energy, Inc. (AMEX:LNG) finished Wednesday slightly negative. LNG trades 6.6 million shares a day on average. Charif Souki (CEO & President) sold 10,000 shares at $15.20 on April 2.