NASDAQ:BMTI

Hot Stocks to Watch: HNR, ALXA, BMTI, NPSP, FSLR, GALE

June 22, 2012 By Leave a Comment

Wall Street signStocks bounce today despite downgrades to major banks. Moody’s Investor service downgraded 15 of the world’s largest banks on Thursday. These downgrades have been expected for months after Moody’s placed the banks on its watch list with a negative outlook. Sign Up For Free Stock Alerts

There was some positive news out of Europe today as the ECB relaxed some its lending rules, specifically what it would accept as collateral.

A quick look at the market this morning shows the Dow up 40 points, the Nasdaq up 9 points and the S&P 500 up 3 points. [Read more...]

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Insiders Trading Report for April 4

April 5, 2012 By Leave a Comment

Traders at the NYSEThe 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. [Read more...]

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NASDAQ Stocks Trading Lower Despite Market Rally: PNSN, HOGS, OXGN, BMTI, SNSS, TUDO

March 14, 2012 By Leave a Comment

NasdaqPenson Worldwide, Inc. (NASDAQ:PNSN) is down 22.83% this morning at $0.98. PNSN has traded nearly 800 thousand shares so far today, way above its daily average of 118 thousand shares. PNSN shares are taking a big hit today after their quarterly loss widens to $6.68 per share on revenue of $42.7 million. Penson also announced a majority of its debt holders have agreed to a restructuring agreement. The company has a market cap of 27.26 million.

Zhongpin Inc. (NASDAQ:HOGS) is down 14.92% this morning at $8.94. HOGS has traded 1.4 million shares so far today, 7 times its average volume. Zhongpin forecast 2012 EPS of $1.36 to $1.92, missing analysts estimates of $2.30. The company has a market cap of 338.73 million. [Read more...]

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Futures on Edge As Greek Talks Stall. Stocks to Watch: CSTR, S, BPAX, BAC, YUM, BMTI, HGSI

February 7, 2012 By Leave a Comment

Another day, more Greek talks. In what has become more annoying than a pop song playing endlessly on the radio, Greek debt talks are continuing today. If the past is any indication for the future here’s how it will play out: First, an unfounded rumor that there might be a deal. Second, an actual fact based report that yep, still no deal. Rinse and repeat. Until they figure out this is completely unsustainable and Greece exits the EU.

Futures are edging lower on this long running saga. Dow futures are currently off 17 points to 12,759. The Nasdaq 100 futures are following that lead, down 7.50 points to 2,518. S&P 500 futures are rounding out the slight decline, off 3.50 points to 1,335.50.

In episode 835 of the Greek soap opera, you have the Greek officials pushing back against austerity measures. Their fear is that anymore cuts will lead to further social unrest. On the other side you have the IMF and EU demanding further budgetary action for the second round of bailout money. This all leads to the drop-dead point in march in which Greece will default without the money.

The fear with a Greece default is that somehow this has been priced into the market and will not act as a contagion. Of course that ignores systemic budgetary issues across the whole of Europe and more than likely is way too rosy of prediction.

Domestically all eyes will be on the Bernanke testimony in front of the Senate Budgetary Committee. Expect the normal grandstanding by the Senators mixed with Bernanke saying the same thing he said last week. CNBC will be on hand to tell you what he meant by ‘is’ so it should be a fun watch.

In commodities oil continues its slow fall. Nymex futures are off another 63 cents today down to the $96 level.

Stocks to watch today include Coinstar Inc. (NASDAQ:CSTR), Sprint Nextel Corporation (NYSE:S), BioSante Pharmaceuticals, Inc. (NASDAQ:BPAX), Bank of America Corp (NYSE:BAC), Yum! Brands, Inc. (NYSE:YUM), BioMimetic Therapeutics, Inc. (NASDAQ:BMTI) and Human Genome Sciences (NASDAQ:HGSI).

Coinstar, Inc. (NASDAQ:CSTR) is up 17.54% in pre market trading at $59.52. CSTR shares are rallying after the company announced fourth quarter earnings. Coinstar reported EPS of $1 a share on $520 million in revenue, estimates were $0.65 a share on $498 million in revenue. Verizon and Redbox are also teaming up for a joint DVD, streaming service to take on Netflix. The company has a market cap of 1.53 billion.

Sprint Nextel Corporation (NYSE:S) is up 3.66% in pre market trading at $2.55. Sprint announced this morning it is partnering with Orange Business Services to provide Sprint with global machine to machine connectivity outside the U.S. S shares are up $0.40 a share since last Wednesday. The company has a market cap of 7.37 billion.

BioSante Pharmaceuticals, Inc. (NASDAQ:BPAX) is up 10.48% in pre market trading at $1.16. BPAX shares have been trending higher since mid December when shares fell from $2.50 to $0.50 after an after hours announcement of the company’s disappointing LibiGel phase III results. The company has a market cap of 115.51 million.

Bank of America Corporation (NYSE:BAC) is down 0.25% in pre market trading. BAC shares are slightly lower this morning as the market is set to open a little lower on Greek fears. BAC will remain in a bit of a holding pattern until something in the market happens. Whether in Greece, or news closer to home. The company has a market cap of 83.97 billion.

Yum! Brands, Inc. (NYSE:YUM) is up 2.23% in pre market trading at $64.60. YUM shares are up this morning after posting strong fourth quarter profit yesterday. EPS came in at $0.75, beating estimates of $0.74. The big gains for Yum come thanks to China growth beating expectations. The company has a market cap of 29.10 billion.

BioMimetic Therapeutics, Inc. (NASDAQ:BMTI) is up 10.24% at $2.26. BioMimetic announced yesterday the results of its Canadian augment rotator cuff graft clinical trial. They said the product “achieved its primary safety endpoint.” The company has a market cap of 57.51 million.

Human Genome Sciences, Inc. (NASDAQ:HGSI) is up 2.88% in pre market trading at $11.08. HGSI shares are up more than $1 since Friday. The stock has traded 50 thousand shares this morning and trades 6.3 million shares a day on average. The company has a market cap of 2.14 billion.

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Afternoon Movers: SABA, SHZ, AGEN, NFLX, CIS, TRGL, USU, BMTI

January 6, 2012 By Leave a Comment

Saba Software, Inc. (NASDAQ:SABA) is up 13.09% at $8.38 in afternoon trading. SABA has traded 359 thousand shares so far today, well above its daily average of 126 thousand shares. Saba announced second quarter results yesterday and saw gains in subscription revenue and subscription revenue. The company has a market cap of 246.58 million.

China Shen Zhou Mining & Resources, Inc. (AMEX:SHZ) is up 11.18% today at $1.69. SHZ has traded 553 thousand shares so far today, close to double its daily average. SHZ shares have rose more than $0.40 a share this week. The company has a market cap of 54.24 million.

Agenus Inc. (NASDAQ:AGEN) is up 11.16% at $2.39 right now. AGEN has traded 157 thousand shares so far today, more than double its average volume. AGEN shares are up nearly $0.40 a share since last Friday. The company has a market cap of 51.28 million.

Netflix, Inc. (NASDAQ:NFLX) is up 9.39% in afternoon trading at $86.75. NFLX is up on heavy volume today with 12.6 million shares traded so far today, way above its daily average volume of 5.8 million shares. NFLX shares are up more than $15 a share since last Wednesday. The company has a market cap of 4.57 billion.

Camelot Information Systems Inc. (NYSE:CIS) is down 10.07% today at $2.6350. CIS has traded 255 thousand shares so far today and trades 589 thousand shares a day on average. CIS is down close to $0.60 a share over the past few days. The company has a market cap of 115.55 million.

Toreador Resources Corp. (NASDAQ:TRGL) is down 9.33% in afternoon trading at $4.76. TRGL has traded 290 thousand shares so far today, above its daily average of 163 thousand shares. The company has a market cap of 120.98 million.

USEC Inc. (NYSE:USU) is down 8.10% today at $1.3050. USU has traded 1 million shares today and trades just over 2 million shares a day on average. The company has a market cap of 159.80 million.

BioMimetic Therapeutics Inc. (NASDAQ:BMTI) is down 7.69% in afternoon trading at $2.05. BMTI has traded 311 thousand shares today, more than double its daily average 155 thousand shares. BMTI has dropped more than $0.80 a share this week after an FDA request for additional clinical infomration for its bone graft device. The company has a market cap of 57.51 million.

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Stocks Heading Lower In Early Trading: LPHI, APKT, BMTI, AMRN, ALU, CPY

January 4, 2012 By Leave a Comment

Life Partners Holdings, Inc. (NASDAQ:LPHI) is down 20.41% in early trading at $5.07. LPHI is down on heavy volume after news the SEC is suing the company and alleges firm defrauded shareholders. LPHI has traded 993 thousand shares so far today, way above its daily average of 114 thousand shares. The company has a market cap of 93.98 million.

Acme Packet, Inc. (NASDAQ:APKT) is down 19.40% today at $25.64. APKT has traded 9.6 million shares so far today, three times its daily average volume. Acme Packet is down again today after the company lowered its 2011 outlook. The company has a market cap of 1.71 billion.

BioMimetic Therapeutcis Inc (NASDAQ:BMTI) is down 13.06% at $2.53 this morning. BMTI has traded 559 thousand shares so far today, 5 times its daily average. BMTI is down today after the FDA said its proposed bone-graft device augment would not be approved without more information from previous studies. The company has a market cap of 72.10 million.

Amarin Corporation plc (NASDAQ:AMRN) is down 8.65% today at $6.44. AMRN has traded 8 million shares so far today, four times its daily average. AMRN is down again today after announcing price of $150 million of exchangeable senior notes due 2032. The company has a market cap of 875.65 million.

Alcatel-Lucent, S.A. (NYSE:ALU) is down 6.76% in early trading at $1.5850. ALU has traded 6.3 million shares so far today and trades 22.5 million shares a day on average. ALU is dipping today after it gaped up yesterday to around $1.70. The company has a market cap of 3.60 million.

CPI Corp. (NYSE:CPY) is down 6.98% today at $1.60. CPY has traded 322 thousand shares so far today, nearly 100 thousand more than its daily average. CPY has dipped about $0.50 a share since last Friday. The company has a market cap of 11.40 million.

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