NASDAQ:CHTP

6 NASDAQ Stocks Falling in Midday Trading: CHTP, SABA, MACK, JASO, FMCN, JBLU

March 29, 2012 By Leave a Comment

Nasdaq StocksChelsea Therapeutics International Ltd. (NASDAQ:CHTP) is down 27.53% today at $2.67. CHTP is slipping on big volume today with over 7 million shares traded already today. CHTP trades around 2.1 million shares a day on average. CHTP shares are down today after the FDA asked the company for more information on their Parkinson’s drug. The company has a market cap of 178.33 million.

Saba Software, Inc. (NASDAQ:SABA) is down 17.70% today at $10.00. SABA has traded 1.1 million shares so far today, well above its daily average of 301 thousand shares. SABA shares are plummeting today after the company postponed release of quarterly results. The company has a market cap of 296.96 million. [Read more...]

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Stock Futures Retreat on China and Europe Worries, Stocks to Watch

March 29, 2012 By Leave a Comment

Stock FuturesDeja vu on the market again this morning. The concern? Europe. Just when you thought it was safe to go back outside another sovereign debt issue creeps up. This time around it is Spain. Plus mix in some Chinese growth concerns and you have the right mix for a volatile day on the street. Dow futures are negative this morning down 30 points to 13,023. Nasdaq 100 futures are down just over 6 points to 2,761. The S&P 500 futures are rounding out the pre-market volatility, down slightly to 1,396.50.

The big economic data point out this morning is jobless claims. A print of 359k is being spun as a decline by the BLS because of an upward revision of last week’s numbers. What an awesome tool to have. This week’s numbers are great because I could not add correctly last week, so those were actually worse. Beginning to wonder if they have ever had to revise the number downward.

Spanish and European officials are denying the reports that EU officials have been urging their Spanish counterparts to start the process of seeking a bailout from the IMF and ECB. Of course if this story sounds familiar, it is because you just watched the trilogy in Greece. Spain’s austerity drive has already prompted a country-wide strike and will likely lead to further political turmoil in the country.

Sliding growth in China also has investors concerned. The constant misses on their manufacturing numbers have increased the fear of a hard landing in the country. Plus investors think the slowdown is tied to Europe so that has them girding for more EU misery.

Commodities continue to e extremely volatile this morning. Gold prices essentially flat after whipsawing between positive and negative territory. [Read more...]

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Stock Futures Push Higher on Bernanke Comments. Stocks to Watch

March 26, 2012 By Leave a Comment

Stock FuturesPre-market trading is being buoyed by a Bernanke speech in which he suggested that more economic stimulus could create better labor conditions. He did raise concerns over whether the current pace of the labor recovery could be maintained in the face of weak demand, both domestically and internationally. Dow futures are currently up 78 points to 13,109. Nasdaq 100 futures are adding 19 points to 2,748. S&P 500 futures are rounding out the morning’s pre-market gains, up 8.75 to 1,402.75.

On the economic calendar, pending home sales are slated to be released at 10am EST. This will be another gauge as to if the housing market is actually recovering. Other news is the ongoing Federal Reserve Chief Ben Bernanke’s speech which began at 8am EST.

Overseas, Asian markets traded mostly flat. Europe on the whole traded higher. The outlier there was Spain which is taking a loss thanks to some election news. The ruling party won a regional election but failed to secure an outright majority. This may make instituting needed reforms difficult. Spain is suffering from crippling unemployment and a growing sovereign debt issue.

Commodities are following the broader market higher this morning. Gold prices are up over $15 to $1,677 per ounce. Gold bulls seem the be encouraged every time Bernanke utters the word stimulus.

Oil prices are also higher this morning. Nymex crude futures are up 32 cents to over $107 per barrel. The energy prices will start to weigh on the market when consumer confidence numbers are released tomorrow. [Read more...]

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Stock Futures Negative on G20 News. Stocks to Watch: LNG, CHTP, PCS, LOW, NOK, ATPG, AAPL

February 27, 2012 By Leave a Comment

Stock FuturesOver the weekend the G20 meeting of finance ministers decided to delay expansion of IMF funding until Europe increased the size of its own rescue package. They pressed European leaders to shore up the firewall to contain any spillover over the sovereign debt crisis. Dow futures are currently down 43 points to 12,918. Nasdaq 100 futures are off 9.50 points to 2,592. S&P 500 futures are rounding out the decline, down 5.75 points to 1,357.50.

The European markets are expected to be in sharp focus this week. Numerous events such as bond auctions and votes on the Greek bailout will take center stage this week. The German Parliament is expected to vote on the package this week. While it is expected to pass, investors should pay close attention in case the debate shifts the outcome.

The economic data a calendar is fairly light today, with pending home sales data slated for release at 10am EST. [Read more...]

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Futures Set To Push Dow Past Barrier. Stocks to Watch: CHTP, AIG, NOK, DRYS, DECK, CROX, CLWR

February 24, 2012 By Leave a Comment

Stock FuturesLooks like it may be time to break out the Dow 13k hats. A series of upbeat economic reports is helping push the futures past that psychological barrier. One possible hindrance in the short and medium term is the price of oil. Already shooting past $105, any gains in consumer confidence can be quickly erased if gas prices get out of hand.

The euphoria in the rally is helped by the belief by investors that there are sufficient firewalls in place to protect the market against default events. Namely Greece. While it may be able to absorb Greece, one has to wonder about contagion spreading to other EU countries such as Span and Portugal.

The economic data calendar to end the week is fairly stacked. Both consumer sentiment and new home sales data are expected to be released at 10am EST. [Read more...]

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Afternoon Movers Heading Into Close: PWAV, AA, F, MGM, CHTP, LCC

February 21, 2012 By Leave a Comment

Wall StreetPowerwave Technologies, Inc. (NASDAQ:PWAV) is up 24.84% in afternoon trading at $1.4107. PWAV is up on heavy volume today with 2.3 million shares traded, well above its daily average of 609 thousand shares traded. PWAV shares are bouncing back today after the stock fell from $1.60 to $1.10 over the past week following fourth quarter results. The company has a market cap of 43.72 million.

Alcoa Inc. (NYSE:AA) is up 2.36% today at $10.39. AA has traded 22.3 million shares so far today and trades 28.3 million shares a day on average. AA shares are up about $1 on the year. The company has a market cap of 11.07 billion. [Read more...]

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Active Stocks in Afternoon Trading: HAUP, CHTP, TVIX, FOSL, TNGO, RAD

February 14, 2012 By Leave a Comment

Stocks are heading lower in afternoon trading after a meeting between EU finance ministers to discuss Greece’s second rescue package was cancelled. The Dow is down 75 points, the Nasdaq is down 17 points and the S&P 500 is down 9 points.

Hauppauge Digital, Inc. (NASDAQ:HAUP) is up 45.52% today at $1.51. HAUP has traded 1.7 million shares so far today, way above its daily average of 47 thousand shares. HAUP shares are rallying after the company posted its most recent quarterly results today. The company has a market cap of 16.6 million.

Chelsea Therapeutics International (NASDAQ:CHTP) is up 17.36% this afternoon at $3.65. CHTP has traded more than 4 million shares today, 5 times its average volume. CHTP shares are bouncing back today after the stock fell from $5 to $3 on Friday. The company has a market cap of 229.45 million. [Read more...]

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Stocks Heading Lower In Early Trading: CHTP, KV.A, AMSC, MOTR, FRO, DEXO

February 13, 2012 By Leave a Comment

Chelsea Therapeutics International (NASDAQ:CHTP) is down 29.06% today at $3.54. CHTP has traded 6.8 million shares so far today, well above its daily average of 615 thousand shares. Chelsea Therapeutics is taking a hit today after the FDA raised concerns from a drug study. The company has a market cap of 210.90 million.

K-V Pharmaceuticals Company (NYSE:KV.A) is down 3.09% in early trading at $1.57. KV.A has traded 1.6 million shares so far today, more than double its daily average. KV.A shares have been falling since announcing their quarterly results on Feb. 9. Their fourth quarter loss was more than 7 times their revenue. The company has a market cap of 88.62 million. [Read more...]

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Volatile Stocks Heading Into Close: ACHC, DNDN, HOV, SPF, RFMD, CPY, TTMI, CHTP

January 6, 2012 By Leave a Comment

Acadia Healthcare Company, Inc. (NASDAQ:ACHC) is up 16.27% in late day trading at $11.36. ACHC has traded 412 thousand shares so far today, well above its daily average of 79 thousand shares. Yesterday, Acadia announced the purchase of three impatient psychiatric hospitals for $91 million in cash. The company has a market cap of 203.31 million.

Dendreon Corp. (NASDAQ:DNDN) is up 16.57% at $12.38 this afternoon. DNDN has traded 30.5 million shares today, five times its average volume. DNDN shares are up more than $4 a share since yesterday after Provenge sales rose. The company has a market cap of 1.81 billion.

Hovnanian Enterprises Inc. (NYSE:HOV) is up 10.51% right now at $1.7350. HOV has traded 3.4 million shares this afternoon, 2 million more than it trades on average. HOV shares are up more than $0.20 a share over the past few days. The company has a market cap of 166.24 million.

Standard Pacific Corp. (NYSE:SPF) is up 7.21% today at $3.42. SPF is up on above average volume with 2.9 million shares traded. Shares of SPF are up $0.30 in the last two trading days. The company has a market cap of 679.76 million.

RF Micro Devices Inc. (NASDAQ:RFMD) is down 19.59% at $4.5350. RFMD has traded 31.7 million shares so far today, more than 4 times its average volume. RFMD shares plunged today after the company lowered its third quarter revenue guidance. The company has a market cap of 1.26 billion.

CPI Corp. (NYSE:CPY) is down 7.69% at $1.56 in afternoon trading. CPY has traded double its average volume today with 547 thousand shares traded. The company has a market cap of 10.90 million.

TTM Technologies Inc. (NASDAQ:TTMI) is down 7.91% today at $10.60. TTMI has traded 1 million shares today, well above its average volume of 550 thousand shares. The company has a market cap of 861.32 million.

Chelsea Therapeutics International Ltd. (NASDAQ:CHTP) is down 7.92% this afternoon at $4.88. CHTP has traded 1.7 million shares today, five times its average volume. CHTP shares fell after the company announced public offering of 4.33 million shares at $4.75. The company has a market cap of 300.58 million.

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