Top Day Trader Alerts (AMZN, ARNA, BP, NTY, OREX, VRNM, VVUS)

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There are many stocks on the move for day traders and active traders this Tuesday morning now that earnings season has launched.

Amazon.com Inc. (NASDAQ: AMZN) is trading lower after Bank of America/Merrill Lynch cut the rating to NEUTRAL from BUY.  Shares are down 2.3% at $120.40 on over 60,000 shares, but the stock was challenging $119 earlier.

Arena Pharmaceuticals, Inc. (NASDAQ: ARNA) is up as a VIVUS-FDA side trade stock.  Shares are up 10% at $4.72 on over 300,000 shares.

BP plc (NYSE: BP) is down about 1% this morning after it delayed well-cap tests at the Gulf of Mexico disaster until later Wednesday.  This morning the oil flows freely.

NBTY Inc. (NYSE: NTY) is surging by 44% to $54.12 after receiving a $3 billion takeover from private equity for the vitamin and supplements operation.  We have already seen close to 6 million shares traded.

Orexigen Therapeutics, Inc. (NASDAQ: OREX) is also trading higher on the VIVUS drug class tie ahead of its FDA panel decision today.  Shares are up 2.4% at $5.69 on almost 30,000 shares.

Verenium Corporation (NASDAQ: VRNM) is trading up massively after getting a biofuels deal for $98 million for its units from BP.  This was a $30 million company, and shares were up 81% at $4.47 on 20,000 shares.

VIVUS, Inc. (NASDAQ: VVUS) SHARES ARE HALTED…. The company has its Qnexa FDA panel decision due today… stay tuned.

JON C. OGG

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