Many stocks are on the move this Friday morning. Active traders and day traders are likely to be watching the moves seen in Anadarko Petroleum Corporation (NYSE: APC), Brocade Communications Systems, Inc. (NASDAQ: BRCD), Celldex Therapeutics, Inc. (NASDAQ: CLDX), Finisar Corp. (NASDAQ: FNSR), H&R Block Inc. (NYSE: HRB), Mattel Inc. (NASDAQ: MAT), Take-Two Interactive Software, Inc. (NASDAQ: TTWO) and Ulta Salon, Cosmetics & Fragrance, Inc. (NASDAQ: ULTA).
Anadarko Petroleum Corporation (NYSE: APC) could be a buyout target of some sort by BHP Billiton plc (NYSE: BHP) in a $24 billion deal according to The Australian. The problem is that this is a no-premium bid if it was reported correctly. That if seems like a big if.
Brocade Communications Systems, Inc. (NASDAQ: BRCD) is trading up marginally yet again, although it may be petering out after a 20% run in the last few days. Shares are up less than 1% at $5.64 on this volume. This was one of the secondary or tertiary beneficiaries of what some hope will be further consolidation in networking and storage.
Celldex Therapeutics, Inc. (NASDAQ: CLDX) regained full worldwide rights to develop and commercialize rindopepimut from Pfizer as an experimental therapeutic cancer vaccine that targets the tumor-specific molecule epidermal growth factor receptor variant III (EGFRvIII) in patients with Glioblastoma Multiforme (GBM). Pfizer said it is no longer a strategic priority and terminated the agreement despite the notion that it has met or exceeded all pre-determined safety and efficacy objectives. Celldex closed at $4.78 and early indications are down around $3.00. Average volume is 546,000 and the 52-week trading range is $4.16 to $9.49.
Finisar Corp. (NASDAQ: FNSR) saw a drop in profits after a sale, but it beat estimates and guidance was above plan. Shares are trading up 11% at $15.11 although volume is low.
H&R Block Inc. (NYSE: HRB) is higher after it managed to post a narrower quarterly loss than expected. Cost cuts helped as competition for tax-prep money is tight. Shares are up 3.5% at $13.01 on low volume.
Mattel Inc. (NASDAQ: MAT) may be a fake or error as the trade indication is down 21% at $16.98 to $17.01 based on a bunch of prints at 7:49 AM EST on roughly 8,000 shares. The problem is that the trades appear to be grossly off-market as the real bid/ask is $21.33X$21.98.
Take-Two Interactive Software, Inc. (NASDAQ: TTWO) managed to beat earnings and raise guidance. Shares are trading up 14% at $10.10 on over 14,000 shares this morning early on.
Ulta Salon, Cosmetics & Fragrance, Inc. (NASDAQ: ULTA) is trading higher after beating earnings and offerings trong guidance. Shares are trading up almost 10% at $24.40 on thin volume. The 52-week range is $12.00 to $26.75.
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JON C. OGG