Investing

Top Day Trader Alerts (AIV, CTIC, DWA, HIMX, ODSY, S, ZLC)

We have several decent movers this morning in the early morning.  This Monday’s top day trader and active trader alerts are in Apartment Investment & Management Co. (NYSE: AIV), Cell Therapeutics, Inc. (NASDAQ: CTIC), DreamWorks Animation SKG Inc. (NASDAQ: DWA), Himax Technologies, Inc. (NASDAQ: HIMX), Odyssey Healthcare Inc. (NASDAQ: ODSY), Sprint Nextel Corp. (NYSE: S), and Zale Corp. (NYSE: ZLC).  We have a brief explanation of the news and added color or pertinent data where applicable.

Apartment Investment & Management Co. (NYSE: AIV) just announced that it could sell up to 7 million shares of common stock in an at-the-money offering, although the company said in the release that it did not need the capital as of now.  Shares are down 0.5% at $19.90.

Cell Therapeutics, Inc. (NASDAQ: CTIC) is trading lower after it agreed to sell $21 million in preferred stock and in warrants.  Shares are down almost 17% at $0.37 on over 1 million shares.  A penny stock, but a cult penny stock there is.

DreamWorks Animation SKG Inc. (NASDAQ: DWA) is being hit this morning as the Shrk the Final movie debut this last weekend was deemed as an underperformer.  Shares are indicated down 8% at $31.99 on thin volume.

Himax Technologies, Inc. (NASDAQ: HIMX) is trading up 5% at $2.92 on over 50,000 shares this morning.  This is on continued news of a dividend and over Taiwan depository receipts.

Odyssey Healthcare Inc. (NASDAQ: ODSY) is surging aftyer receiving a $27.00 per share cash buyout from Gentiva Health Services, Inc. (NASDAQ: GTIV).  Odessey shares are up almost 37% at $26.40 versus a 52-week range of $9.30 to $22.18.  Gentiva shares are down 0.5% at $25.65 on thin volume.

Sprint Nextel Corp. (NYSE: S) is up on two bits of good news.  The cellular telecom player was raised to “Buy” at Goldman Sachs based upon lower churn rates and then Barron’s over the weekend gave it a positive article on value and turnaround.  Shares are up almost 5% at $4.63 on relatively strong pre-market volume.

Zale Corp. (NYSE: ZLC) is up after it was raised to Hold from Sell at Soleil ahead of this week’s earnings  and after Golden Gate Capital took a 25% stake earlier this month.  Shares are up 3.6% at $2.85.  Unfortunately the trading volume is thin.

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JON C. OGG

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