These are some of the top stocks to watch for active trading today based on pre-market and after-hours volume activity. There are links through to more detailed coverage and volume analysis at VSInvestor.com:
CIT Group Inc. (NYSE: CIT) shares rising sharply on volume in the premarket, on speculation that the troubled lender company may sell a unit or reach a financing deal. If you want to avoid the common stock, you can easily trade higher up in the capital structure as we noted yesterday.
Citigroup Inc. (NYSE: C) shares are rising following its earnings report. The company’s Tier 1 capital ratio was about 12.7%, versus 8.7% in the second quarter of 2008 and 11.9% in the first quarter of 2009.
Bank of America (NYSE: BAC) shares are falling on volume after the company said credit losses were higher than in the prior quarter, reserves rose, and its card services business posted a net loss.
Yahoo Inc. (Nasdaq: YHOO) shares are rising following Google’s earnings and on hopes of a Microsoft deal.
BioCryst Pharmaceuticals Inc. (NASDAQ: BCRX) is trading sharply higher on strong pre-market volume on seasonal flu study results.
-The 24/7 Wall St. Team