Insiders Trading Report for April 13

Traders at the NYSEFutures are trimming some of their losses today as the market is looking like it is heading for a slight pullback after a major rally most of the week. Earnings news out the the major banks like JPMorgan and Wells Fargo is helping the market recover. The slip in the major indices this morning was due to Chinese GDP data that showed the country was not growing as fast as expected. 8.1% vs 8.3% was the number that came in overnight.

Yesterday saw the Dow have one of its best days of the year thanks to earnings news. The Dow closed up 181, the Nasdaq 39 and the S&P added 19. [Read more...]

After Hours Report for April 9

Wall StreetThe market got its first chance to react to the jobs report today. To put it mildly it was a negative reaction. Out of the gate the major indices hit session lows and stayed there the whole day. One silver lining was that volume was light so it was not as if everyone hit the panic button and ejected out of the market.

Earnings season gets started tomorrow so that should give guidance to investors on the trajectory of the recovery. All eyes will be on Alcoa when they report tomorrow.

One news piece to watch tonight is the scheduled speech by Ben Bernanke in Georgia. Investors should watch for any hints on further easing.

The Dow finished the day down 131, the Nasdaq was off 33 and the S&P gave up 16 points. [Read more...]

Insiders Selling Report for April 9

Traders at the NYSEDuPont Fabros Technology, Inc. (NYSE:DFT) fell 0.08% on Thursday at $24.06. DFT traded 502 thousand shares on Thursday and trades 949 thousand shares a day on average. Hossein Fateh (President and CEO) sold 36,727 shares at $24.50 on April 2.

athenahealth, Inc. (NASDAQ:ATHN) closed Thursday down 0.96% at $71.99. ATHN traded 647 thousand shares, well above its daily average of 506 thousand shares. Daniel Orenstein (SVP) sold 2,143 shares at $74.23 on April 5. [Read more...]

Insiders Trading Report for March 29

Traders at the NYSEYesterday’s whipsawing action on the domestic markets may be a sign of a slow down looming. Europe is looking like it wants to turn its sovereign debt crisis into a never ending mini-series. The Dow managed to recover all of its losses on the day and closed up 19 points. The Nasdaq and S&P remained in negative territory, dropping 10 and 2 points respectively.

Jobless data yesterday was massaged by revisions to make it appear as a drop in claims. The print from the week previous was revised upwards to 364k. Created a better looking headline of a 5k drop in claims. Will be interesting to see when earnings season starts anew in the coming weeks, plus the late April Fed meeting. [Read more...]

Midday Market Update. Stocks to Watch: ZOLT, CTCT, SIMG, IDIX, ENTR, VRTX

Stocks are holding their gains in midday trading today. A surprisingly good jobs report came out early this morning and the major indices up over 1%. The unemployment rate dropped a little bit more in January to 8.3%. The Dow hit its highest level in 3 years today, up 153 points to 12,859. The Nasdaq and the S&P are also up today, up 47 points and 18 points respectively. The jobs report has overshadowed news out of Europe that Greece may need an additional $20 billion in its bailout.

Zoltek Companies, Inc. (NASDAQ:ZOLT) is up 38.33% in midday trading at $13.10. ZOLT has traded 3.2 million shares so far today, way above its daily average of 263 thousand shares. ZOLT is up today following a strong first quarter from the company. Zoltek posted a profit of $0.28 per share, up from a loss of $0.05 per share a year ago. Net sales for the company rose 43% to $47 million. The company has a market cap of 448.50 million.

Constant Contact, inc. (NASDAQ:CTCT) is up 22.31% in midday trading at $31.85. CTCT has traded 2.2 million shares already today, 4 times its daily average. Constant Contact rose today after posting a fourth quarter profit of $0.27 a share, beating analyst estimate of $0.24 a share. The company has a market cap of 950.19 million.

Silicon Image, Inc. (NASDAQ:SIMG) is up 18.04% today at $6.03. SIMG has traded 3.8 million shares so far today, 4 times its daily average. SIMG shares are up today after the company beat estimates by $0.03 and beat on revenue. Forecast for the first quarter is in line with estimates. The company has a market cap of 490.39 million.

Idenix Pharmaceuticals, Inc. (NASDAQ:IDIX) is down 13.12% in midday trading at $11.52. IDIX has traded 7 million shares today, more than 3 times its daily average volume. Idenix announced this morning the removal of the partial clinical hold on HCV Nucleotide Inhibitor, IDX 184. One of the company’s biggest rivals, Gilead Sciences, released positive data for its Hepatitis C drug today. The company has a market cap of 1.12 billion.

Entropic Communications, Inc. (NASDAQ:ENTR) is down 6% today at $6.58. ENTR has traded 2.5 million shares at midday, double its daily average. ENTR shares are down some today after the stock rallied yesterday on good quarterly results. The company has a market cap of 575.45 million.

Vertex Pharmaceuticals Inc. (NASDAQ:VRTX) is down 4.91% today at $36.49. VRTX has traded 5.7 million shares so far today, 2 million more than its daily average. VRTX was downgraded to neutral from outperform earlier today at Cowen. The company has a market cap of 7.61 billion.

Market Turns Negative In Early Trading: VRNG, FFN, VRTX, RSH, MNKD, GNTX

Stocks are turning negative today after starting the day in the green. Disappointing economic news is the main contributor to the downward turn. Home prices fell for the third straight month. The Standard & Poor’s/Case-Shiller home-price index shows prices keeps track of home prices in 20 different cities. 19 of the 20 cities saw prices drop in November with the biggest drops happening in Atlanta, Chicago and Detroit. Phoenix was the only city to see an increase in prices. Consumer confidence and business activity in the Midwest also fell last month. Taking a look at the market right now; the Dow is down 60 points, the Nasdaq is down 7 points and the S&P 500 is down 4 points. Jason Bond’s strategy has made over $156,000 in 10 months, isn’t it time you join him?

Vringo, Inc. (AMEX:VRNG) is up 35.38% today at $1.5704. VRNG has traded 1.8 million shares this morning, way above its daily average of 64 thousand shares. VRNG shares are jumping today after the company announced the launch of a new version of Facetones customized for latest Nokia mobile devices. The company has a market cap of 9.84 million.

FriendFinder Networks Inc. (NASDAQ:FFN) is up 21.71% today at $1.2901. FFN has traded nearly 3 million shares so far today, more than 10 times its daily average. A lot of social media stocks have been trending higher the past few days due to reports of a Facebook IPO. The company has a market cap of 39.65 million.

Vertex Pharmaceuticals Inc. (NASDAQ:VRTX) is up 8.81% this morning at $37.80. VRTX has traded 5.8 million shares so far today, close to double its daily average. VRTX shares are jumping today on news that the FDA approved Vertex’s cystic fibrosis treatment Kalydeco. The company has a market cap of 7.74 billion.

Radioshack Corporation (NYSE:RSH) is down 28.74% in early trading at $7.28. RSH has traded nearly 30 million shares today, more than 10 times its daily average. RSH shares took a nose dive following a disappointing fourth quarter earnings forecast. Radioshack is forecasting earnings of around $0.12, while Wall Street was expecting $0.37 a share. The company has a market cap of 727.81 million. Jason Bond’s strategy has made over $156,000 in 10 months, isn’t it time you join him?

MannKind Corporation (NASDAQ:MNKD) is down 13.85% today at $2.7310. MNKD has traded 1.3 million shares so far today, about double its daily average. MNKD shares are falling today as the company announces public offering of $50 million in common stock and warrants. The company has a market cap of 336.43 million.

Gentex Corporation (NASDAQ:GNTX) is down 10.03% today at $27.10. GNTX has traded 2.2 million shares so far today, well above its daily average of 753 thousand shares. GNTX shares are lower right now as the company missed fourth quarter earnings estimates by $0.02. The company has a market cap of 3.93 billion.

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