24/7 Wall St. » ISRG

Top Analyst Upgrades & Downgrades (AAPL, IRE, BWLD, CYMI, DPZ, ETH, FITB, ISRG, JCP, LEG, MCD, RF, SYMC, TWC, UTX, WMT)

Administrator — Wed, 25 Apr 2012 12:17:11 +0000

These are some of the top analyst upgrades, downgrades and initiations seen in Wall Street research calls this Wednesday.

Apple Inc. (NASDAQ: AAPL) Raised to Outperform at Scotia; Maintained Buy with $775 target at Canaccord Genuity.

Bank of Ireland (NYSE: IRE) Cut to Neutral at Credit Suisse.

Buffalo Wild Wings (NASDAQ: BWLD) Raised to Buy at Deutsche Bank.

Cymer Inc. (NASDAQ: CYMI) Raised to Outperform at Credit Suisse.

Domino’s Pizza (NYSE: DPZ) Raised to Neutral at BofA/ML.

Ethan Allen Interiors Inc. (NYSE: ETH) Raised to Buy at Stifel Nicolaus.

Fifth Third Bancorp (NASDAQ: FITB) Raised to Buy at Deutsche Bank.

Intuitive Surgical, Inc. (NASDAQ: ISRG) Started as Outperform at Raymond James; Named as Bull of the Day at Zacks.

J. C. Penney Company, Inc. (NYSE: JCP) Raised to Market Perform at BMO.

Leggett & Platt, Inc. (NYSE: LEG) named Bear of the Day at Zacks.

McDonald’s Corporation (NYSE: MCD) Cut to Hold at Argus.

Regions Financial (NYSE: RF) Raised to Buy at Rochdale Securities.

Symantec Corporation (NASDAQ: SYMC) Cut to Sector Perform at RBC.

Time Warner Cable (NYSE: TWC) Started as Buy at Citigroup.

United Technologies (NYSE: UTX) Raised to Buy at Argus.

Wal-Mart Stores, Inc. (NYSE: WMT) Cut to Hold at Argus.

If you enjoyed the top analyst upgrades and downgrades, you can join our free email newsletter that includes analyst summaries each morning sent right to your inbox. We also cover top issues such as IPOs, special financial exclusives, mergers and more. Sign up in the box below.

JON C. OGG

Filed under: Analyst Calls Tagged: AAPL, BWLD, CYMI, DPZ, ETH, FITB, IRE, ISRG, JCP, LEG, MCD, RF, SYMC, TWC, UTX, WMT

Trader Alerts: Unusual Stocks on the Move (URI, ISRG, YHOO, CREE, STX)

Paul Ausick — Wed, 18 Apr 2012 12:44:08 +0000

Here’s a pre-open look at several stocks making moves this morning: United Rental Inc. (NYSE: URI), Intuitive Surgical Inc. (NASDAQ: ISRG), Yahoo! Inc. (NASDAQ: YHOO), Cree Inc. (NASDAQ: CREE), and Seagate Technology PLC (NASDAQ: STX).

United Rental Inc. (NYSE: URI) is up 10% in the pre-market to $45.00, just $0.08 shy of its 52-week high. The equipment rental company reported reported first quarter earnings after markets closed last night, and handily topped consensus estimates on EPS and revenues. Revenues totaled $656 million, well above the consensus estimate of $609 million, and adjusted EPS totaled $0.36, shattering the consensus estimate of $0.05.

Intuitive Surgical Inc. (NASDAQ: ISRG) is up about 5.5% this morning at $575.75, well above the 52-week high of $554.13. The maker of robotic surgical devices posted revenues of $495.2 million, up 28% year-over-year and substantially better than the consensus estimate of $466.7 million. EPS totaled $3.50 compared with the consensus estimate of $3.09.

Yahoo! Inc. (NASDAQ: YHOO) is up about 2.7% this morning at $15.42. The internet portal posted revenues last night of $1.08 billion, up just 1% over the same period a year ago and slightly better than the consensus estimate of $1.06 billion. EPS came in at $0.23, also better than the consensus estimate of $0.17.

Cree Inc. (NASDAQ: CREE) is down about -3.5% in the pre-market at $30.20. The LED lighting maker missed the consensus revenue estimate of $301 million, posting revenue for its third fiscal quarter of $285 million. The company also missed the consensus EPS estimate of $0.21 by a penny.

Seagate Technology PLC (NASDAQ: STX) is up about 3.2% in the pre-market at $28.78, within a quarter of a new 52-week high. The disk drive maker posted revenue of $4.45 billion compared with a consensus estimate of $4.37 billion and adjusted EPS of $2.64 compared with an estimate of $2.10.

Paul Ausick

Filed under: Earnings, Pre-Market Activity, Trading Alert Tagged: CREE, ISRG, STX, URI, YHOO

The Strongest Charts In The S&P 500 (AZO, CMG, HD, INTC, ISRG, PM, RHT, SRE, UNH, WFM)

Administrator — Sat, 14 Apr 2012 14:24:25 +0000

24/7 Wall St. has partnered with The Chart Lab to feature the standout names in the S&P 500 over the last week. This weekend’s chart represents the strongest names in the S&P 500 as the close of Friday April the 13th based on the www.chartlabpro.com proprietary statistical and technical algorithm.

The following stocks have exhibited the strongest chart patterns: AutoZone Inc. (AZO); Chipotle Mexican Grill, Inc. (NYSE: CMG); The Home Depot, Inc. (NYSE: HD); Intel Corporation (NASDAQ: INTC); Intuitive Surgical, Inc. (NASDAQ: ISRG); Philip Morris International, Inc. (NYSE: PM); Red Hat, Inc. (NYSE: RHT); Sempra Energy (NYSE: SRE); Unitedhealth Group, Inc. (NYSE: UNH); and Whole Foods Market, Inc. (NASDAQ: WFM).

These names year to date have outperformed the S&P 500 by 12.92%. During the month of April these particular stocks have risen an average of 0.66% while the S&P 500 has actually fallen by a rate of -3.31%.

As always, past performance is not indicative of future results. These results for the strongest names are updated daily and stronger names do rotate daily into the composite of the top 10.

Currently the 10 stocks featured this week are not technically overbought, but they are approaching a overbought condition according to the methodology used by the Chartlabpro.com model.

The methodology from chartlabpro.com shows that a 5 rating is considered a Strong Buy and conversely a 1 is a Strong Sell. As a reminder, Chipotle, Intel, Philip Morris International, and Unitedhealth Group are due to report quarterly earnings in the coming days.

Featured exclusively for 24/7 Wall St. by ChartLabPro.com.

Filed under: Charts, Technical Analysis, The Week Tagged: AZO, CMG, HD, INTC, ISRG, PM, RHT, SRE, UNH, WFM

Major Earnings Previews For The Week Ahead (C, WFC, EBAY, GS, XLNX, AXP, BAC, GOOG, INTC, IBM, ISRG, MSFT, UNH, GE, SLB)

Administrator — Mon, 16 Jan 2012 15:27:19 +0000

This shortened week is the first week full of many major companies reporting earnings season. We will have a clear direction for the financial leaders and many of the technology leaders after this week is over.

We have many key earnings, including some DJIA components, as follows: Citigroup, Inc. (NYSE: C); Wells Fargo & Co. (NYSE: WFC); eBay Inc. (NASDAQ: EBAY); Goldman Sachs Group Inc. (NYSE: GS); Xilinx Inc. (NASDAQ: XLNX); American Express Co. (NYSE: AXP); Bank of America Corporation (NYSE: BAC); Google Inc. (NASDAQ: GOOG); Intel Corporation (NASDAQ: INTC); International Business Machines Corporation (NYSE: IBM); Intuitive Surgical Inc. (NASDAQ: ISRG); Microsoft Corporation (NASDAQ: MSFT); UnitedHealth Group Inc. (NYSE: UNH); General Electric Co. (NYSE: GE); and Schlumberger Ltd. (NYSE: SLB).

We have added in Thomson Reuters consensus data, as well as other bits of data and color if applicable.

Tuesday, January 17

Citigroup, Inc. (NYSE: C) and Wells Fargo & Co. (NYSE: WFC) both lead Tuesday morning off with earnings, and each are important. Wells Fargo is the healthier of the two and it does not trade at a discount to book value like its peers because it is deemed the least penalized of the money center banks in the new lower-trading and less risk environment. Both pulled back after J.P. Morgan earnings, but both were up handily so far this year.

Citi has estimates of $0.49 EPS and $18.54 billion in sales.

Wells Fargo has estimates of $0.72 EPS on $28.08 billion in sales.

Wednesday, January 18

eBay Inc. (NASDAQ: EBAY) has a bit of a neutral bias going into Wednesday’s earnings after the close as it is still mostly a domestic story for auctions, with PayPal being the biggest boost. Earnings estimates are $0.57 EPS and $3.32 billion in revenues.

Goldman Sachs Group Inc. (NYSE: GS) is due on Wednesday morning and the earnings estimates have been cratering ahead of the report. The current target is $1.24 EPS on $6.54 billion in sales, but the earnings targets were above $2.00 EPS recently and the street expected almost $3.00 just about 90 days ago.

Filed under: Calendar, Earnings, The Week Tagged: AXP, BAC, C, EBAY, GE, GOOG, GS, IBM, INTC, ISRG, MSFT, SLB, UNH, WFC, XLNX

2012 Top Picks From… Everyone! (AAPL, T, BA, GE, KFT, ETFC, MCP, DNDN, BSX, ISRG, STJ)

Administrator — Tue, 10 Jan 2012 12:25:34 +0000

24/7 has compiled many of the predictions from various firms and various market pundits for what lies ahead in 2012. Wall St. modified analyst consensus price target methodology generates 12% expected upside to a 13,678 peak in the DJIA in 2012. Here were the 5 most undervalued DJIA stocks for 2012 and the 5 least attractive DJIA stocks according to consensus price targets.

The 17 Most Important IPOs to Watch in 2012.
The 24/7 Wall St. 2012 Model Dividend portfolio
Bankruptcy, liquidation, delisting and all… Here is a list of ten stocks that are not expected to survive 2012.
Major semiconductors and expected price performance of leaders in 2012.
Top Oil & Gas stocks with expected price performance in 2012.

One firm gave what looks and feels like an outrageous possibility: a 50% drop from the peak in Apple Inc. (NASDAQ: AAPL) shares.

Jim Cramer’s top four of the thirty DJIA picks are AT&T Inc. (NYSE: T), Boeing Co. (NYSE: BA), General Electric Co. (NYSE: GE) and Kraft Foods Inc. (NYSE: KFT). FULL SUMMARY

A Doug Kass call was made for E*TRADE Financial Corporation (NASDAQ: ETFC) to be acquired, even though it all but killed any M&A prospects.

Barron’s gave ten stocks it sees as its favorite picks in 2012, and the trend here is based upon value stocks and dividend stocks rather than aggressive growth stocks.

Molycorp. Inc. (NYSE: MCP) received a wishy-washy outlook concerns from top analyst for this year.

3 Groups of small and mid-cap stock picks expecting huge upside in 2012:

Small & Mid-Cap Stocks With 50% Upside In 2012 (OIS, OI, ROSE, WBC, CIE)
Small Caps With 50% Upside in 2012 (TEN, WNR, APO, SNV, MTZ)
Small Caps With Over 50% Stock Upside in 2012 (PNK, CDXS, VVUS, SCMR)

A consensus breakdown of top analyst stock picks for biotech in 2012. Dendreon Corporation (NASDAQ: DNDN) was noted with having more than 40% upside at the time, but that was literally seen in one day this last week. Three top medical technology picks in 2012 from Zacks Investment Research were Boston Scientific Corporation (NYSE: BSX), Intuitive Surgical, Inc. (NASDAQ: ISRG). and St. Jude Medical, Inc. (NYSE: STJ).

Eight nations with active ETFs, closed-end funds, and ADRs which may benefit from credit rating upgrades in 2012.

JON C. OGG

Filed under: Analyst Calls, Corporate Governance, Cramer, Economy, Index, International Markets, Research Tagged: AAPL, BA, BSX, DNDN, ETFC, GE, ISRG, KFT, MCP, STJ, T

Top Med-Tech Stock Picks for 2012 (BSX, ISRG, STJ)

Administrator — Wed, 21 Dec 2011 22:06:15 +0000

Many research firms have been coming up with their best ideas lists for 2012. Today brought a list of top picks in the medical technology and medical devices sector from Zacks Investment Research. We have decided to focus on three picks with some commentary and observations of our own along with the consensus upside from Thomson Reuters rather than just the full Zacks list: Boston Scientific Corporation (NYSE: BSX); Intuitive Surgical, Inc. (NASDAQ: ISRG); and St. Jude Medical, Inc. (NYSE: STJ). There is also a link on each for you to get the full report on each from Zacks.

Boston Scientific Corporation (NYSE: BSX) is a bit of a surprise to see as a top pick considering that this company’s stock is not just under $10.00 now… It is barely a $5.00 stock. The drug-eluting stent share and a recent approval are driving the decision. The consensus analyst price target from Thomson Reuters is roughly $7.00, implying about 35% upside from here. FULL BOSTON SCIENTIFIC REPORT

Intuitive Surgical, Inc. (NASDAQ: ISRG) is not so interesting as a top pick because of any sort of controversy, but it is interesting as a top pick considering that it is up more than 50% in 2011. At $440.73 and with a high of $449.06, this stock is trading right at the consensus analyst target price from Thomson Reuters of $440.10. FULL INTUITIVE REPORT

St. Jude Medical, Inc. (NYSE: STJ) may seem like a bottom-fishing pick as shares are down about 40% from the annual highs. At $33.67, the Thomson Reuters consensus price target has an implied 32% of upside to the $44.38 price target. Zacks called it better placed against other medical devices stocks in the cardiovascular sector, with positive earnings surprises and healthy revenue growth. FULL ST. JUDE REPORT

Others on the top picks list for 2012 by Zacks are Medtronic, Inc. (NYSE: MDT), Stryker Corporation (NYSE: SYK), Thermo Fisher Scientific, Inc. (NYSE: TMO), and ZOLL Medical Corporation (NASDAQ: ZOLL).

JON C. OGG

Filed under: Analyst Calls, Medical, Value Investing Tagged: BSX, ISRG, MDT, STJ, SYK, TMO, ZOLL

The Best Performing S&P Stocks of 2011 (SPY, OKE, AN, ROST, LTD, GR, TSO, EQT, ERTS, WFM, RL, TDC, RRC, MA, HUM, CMG, VFC, ISRG, BIIB, EP, COG)

Administrator — Tue, 01 Nov 2011 16:08:23 +0000

October may have been one of the best months of many of our lives in equities. The SPDR S&P 500 (NYSE: SPY) rose by 10.9%. in October, but the year-to-date gain has been a mere 1.2% from the December 31, 2010 close to the close on October 31, 2011. 24/7 Wall St. wanted to see which stocks are up the most in percentage gains so far in 2011 in data provided by Capital IQ. This is a year-to-date move through the close of October 31, 2011. We have shown the S&P 500 Index gainers in order from lowest to highest. Another representation is how much implied upside there is to the Thomson Reuters consensus analyst price target as well. Those which are trading above their consensus price target have been given a “caution” ahead of the pricing data.

ONEOK Inc. (NYSE: OKE) 37.1% year-to-date; at $76.05 the consensus price target is $76.60.

AutoNation Inc. (NYSE: AN) 38.1% year-to-date; caution: at $38.94 the consensus price target is $31.28.

Ross Stores Inc. (NASDAQ: ROST) 38.7% year-to-date; caution: at $87.73 the consensus price target is $85.00.

Limited Brands, Inc. (NYSE: LTD) 39.0% year-to-date; at $42.71 the consensus price target is $44.71.

Goodrich Corporation (NYSE: GR) 39.2% year-to-date; This is being acquired, so no color.

Tesoro Corporation (NYSE:TSO) 39.9% year-to-date; at $25.94 the consensus price target is $20.31.

EQT Corporation (NYSE:EQT) 41.6% year-to-date; at $63.50 the consensus price target is $72.28.

Electronic Arts Inc. (NASDAQ: ERTS) 42.6% year-to-date; at $23.35 the consensus price target is $25.63. This was previously listed as our top pick for the best video game stock for 2011.

Whole Foods Market, Inc. (NASDAQ: WFM) 42.6% year-to-date; at $72.12 the consensus price target is $74.47.

Ralph Lauren Corporation (NYSE: RL) 43.2% year-to-date; caution: at $158.79 the consensus price target is $150.00.

Teradata Corporation (NYSE: TDC) 44.9% year-to-date; at $59.66 the consensus price target is $60.56.

Range Resources Corporation (NYSE: RRC) 53.0% year-to-date; at $68.84 the consensus price target is $76.50.

Mastercard Incorporated (NYSE: MA) 54.9% year-to-date; at $347.24 the consensus price target is $374.82. It seems odd to see one financial stock here.

Humana Inc. (NYSE: HUM) 55.1% year-to-date; at $84.89 the consensus price target is $88.71. Health insurance has not been as bad of a business as the administration was looking for.

Chipotle Mexican Grill, Inc. (NYSE: CMG) 58.1% year-to-date; caution: at $336.12 the consensus price target is $328.45. The growth continues, but it is at or close to being fully valued.

V.F. Corporation (NYSE: VFC) 60.4% year-to-date; at $138.22 the consensus price target is $144.33.

Intuitive Surgical, Inc. (NASDAQ: ISRG) 68.3% year-to-date; caution: at $433.86 the consensus price target is $419.27. DaVinci sales remain robust as more surgeons are looking for robotic surgery capabilities.

Biogen Idec Inc. (NASDAQ: BIIB) 73.5% year-to-date; caution: at $116.36 the consensus priced target is $115.22. Here is how this compared to the rest of its peers before earnings season.

El Paso Corp. (NYSE: EP) 81.8% year-to-date; being acquired so no color.

Cabot Oil & Gas Corporation (NYSE: COG) 105.3% year-to-date; ; at $77.72 the consensus price target is $91.32.

JON C. OGG

Filed under: HI/LOW, Index, Trading Alert Tagged: AN, BIIB, CMG, COG, EP, EQT, ERTS, GR, HUM, ISRG, LTD, MA, OKE, RL, ROST, RRC, SPY, TDC, TSO, VFC, WFM

The Largest S&P 500 Stock Gainers For The First Three Quarters

247wallst — Sat, 01 Oct 2011 11:34:37 +0000

S&P 500 YTD TOP 10 (31Dec10 – 29Sep11)	Ticker	YTD Price Change (%)	Close Price 29Sep11	Close Price 31Dec10	Market Cap($Mil)	Short Interest as % of Shares
Cabot Oil & Gas Corp	COG	69.4	64.13	37.85	6700.9	0.40%
Cerner Corp	CERN	48.8	70.49	47.37	11916.5	9.50%
Chipotle Mexican Grill Inc	CMG	47.2	313.14	212.66	9815.7	8.70%
MasterCard Inc	MA	46.5	328.37	224.11	39630.3	1.20%
V.F. Corp	VFC	45.7	125.56	86.18	13775.7	3.00%
Intuitive Surgical Inc	ISRG	44.8	373.22	257.75	14586.6	3.50%
Biogen Idec Inc	BIIB	40.9	94.46	67.05	22910.9	0.30%
Goodrich Corp	GR	37.5	121.08	88.07	15135.6	1.10%
Watson Pharmaceuticals Inc.	WPI	37.3	70.91	51.65	9511.1	2.10%
Humana Inc.	HUM	37.1	75.07	54.74	12523.9	0.50%
Source: S&P Capital IQ

Filed under: Research Tagged: BIIB, CERN, CMG, COG, GR, HUM, ISRG, MA, VFC, WPI

Top Analyst Upgrades & Downgrades (AAP, ADM, COF, CVX, CSCO, CREE, IDTI, ISRG, KGC, NOV, NYX, TEVA, TDW, WYN)

Administrator — Thu, 11 Aug 2011 12:24:54 +0000

These are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street research calls this Thursday morning.

Advance Auto Parts. Inc. (NYSE: AAP) Raised to Outperform at Credit Suisse.
Archer Daniels Midland (NYSE: ADM) maintained Underperform as Bear of the Day at Zacks.
Capital One Financial Corp. (NYSE: COF) Raised to Outperform at Wells Fargo.
Chevron Corp. (NYSE: CVX) Raised to Outperform at Oppenheimer.
Cisco Systems, Inc. (NASDAQ: CSCO) Raised to Buy at Stifel Nicolaus; Raised to Overweight at Morgan Stanley; Raised to Buy at Gleacher & Co.
Cree Inc. (NASDAQ: CREE) Raised to Overweight at Morgan Stanley.
Integrated Device Technology Inc. (NASDAQ: IDTI) Started as Buy at Wunderlich.
Intuitive Surgical, Inc. (NASDAQ: ISRG) Started as Hold at ThinkEquity.
Kinross Gold Corp. (NYSE: KGC) Cut to Neutral at CRedit Suisse.
National Oilwell Varco, Inc. (NYSE: NOV) Reiterated Buy as Value at Zacks.
NYSE Euronext Inc. (NYSE: NYX) Raised to Buy at Argus.
Teva Pharmaceutical Industries Ltd. (NASDAQ: TEVA) Reiterated Buy with $58 target at Argus.
Tidewater Inc. (NYSE: TDW) Reiterated Buy with $65 target at Argus.
Wyndham Worldwide (NYSE: WYN) Maintained Outperform as Bull of the Day at Zacks.

You are invited to join our free daily email distribution list to hear more about analyst upgrades and downgrades, top day trader and active trader alerts, dividend trends, news on Buffett and other investment gurus, IPOs, secondary offerings, private equity, and more.

JON C. OGG

Filed under: Analyst Calls Tagged: AAP, ADM, COF, CREE, CSCO, CVX, IDTI, ISRG, KGC, NOV, NYX, TDW, TEVA, WYN

Top Active Trader Alerts (AAPL, BRCD, CMG, CTAS, CTRN, CSX, ETFC, FTNT, GOV, ISRG, MANH, NLC, RVBD, VMW, EMC, YHOO)

Administrator — Wed, 20 Jul 2011 12:45:06 +0000

We are tracking many movers in the pre-market trading session this morning. The moves are mostly to do with earnings and today’s top movers are as follows: Apple Inc. (NASDAQ: AAPL), Brocade Communications Systems, Inc. (NASDAQ: BRCD), Chipotle Mexican Grill, Inc. (NYSE: CMG), Cintas Corporation (NASDAQ: CTAS), CSX Corporation (NYSE: CSX), E*TRADE Financial Corporation (NASDAQ: ETFC), Fortinet Inc. (NASDAQ: FTNT), Government Properties Income Trust (NYSE: GOV), Intuitive Surgical, Inc. (NASDAQ: ISRG), Manhattan Associates, Inc. (NASDAQ: MANH), Nalco Holding Co. (NYSE: NLC), Riverbed Technology, Inc. (NASDAQ: RVBD), VMware, Inc. (NYSE: VMW), and Yahoo! Inc. (NASDAQ: YHOO). We have covered brief moves on the news and then added in the moves with color.

Apple Inc. (NASDAQ: AAPL) completely blew its targets away last night, even better than the best bulls expected; After-hours we saw a 5.9% gain of $22+ at $398.10 and pre-market trading with just over an hour is still up about 5.35% at $397.02.

Brocade Communications Systems, Inc. (NASDAQ: BRCD) is lower on fears that its longstanding hopes of being acquired by Dell could be fading. Dell announced the acquisition of private Force 10 Networks to get into networking and that usurps the need for Brocade. At least that is the theory. Shares are down 3.5% at $6.07 in the pre-market.

Chipotle Mexican Grill, Inc. (NYSE: CMG) is taking a breather after having risen and risen after reporting soft earnings. Shares were down 4.7% at $318.00 last night but an analyst upgrade this morning has shares down only about 3% at $323.50 this morning.

Cintas Corporation (NASDAQ: CTAS) managed to beat earnings and its also gave guidance that meets or beats estimates. Shares were up more than 7% at $33.08 in the after-hours and now we have shares up 10% at $34.00 in the pre-market.

Citi Trends, Inc. (NASDAQ: CTRN) lowered guidance and sees much wider losses than expected. The trend is lower, with shares down about 19% at $12.90 this morning but volume is thin and this one trades about 155,000 shares a day is all.

CSX Corporation (NYSE: CSX) is up more than last night’s 1.6% gain as shares pre-market are up 2.6% at $26.15 after beating estimates and backing its prior earnings guidance.

E*TRADE Financial Corporation (NASDAQ: ETFC) is soaring after holder (and near-controller) Citadel is calling for a shareholder meeting to maximize shareholder value after dissatisfaction with results. Shares are up 7.5% at $13.92 in pre-market trading after the filing.

Fortinet Inc. (NASDAQ: FTNT) sounded good on the surface after it grew revenues 35%, grew billings 22% and grew earnings 88%… Shares were getting smacked down 21% at $21.25 in the after-hours session, but the stock is now down “only” 17% at $22.16 in pre-market trading as traders may be bottom fishing.

Government Properties Income Trust (NYSE: GOV) filed to sell some 5 million shares of common stock in the REIT to cut debt under its revolving credit facility and for general business purposes. Shares are down 3.4% at $25.47 in the pre-market session.

Filed under: Pre-Market Activity, The Day, Trading Alert Tagged: AAPL, BRCD, CMG, CSX, CTAS, CTRN, ETFC, FTNT, GOV, ISRG, MANH, NLC, RVBD, VMW, YHOO