We have many stocks on the move this morning for day traders and active traders to choose from. Most are earnings, but some are not. We have key and standout moves being seen in shares of Amazon.com Inc. (NASDAQ: AMZN), ARM Holdings plc (NASDAQ: ARMH), Athenahealth, Inc. (NASDAQ: ATHN), E*TRADE Financial Corporation (NASDAQ: ETFC), Ford Motor Company (NYSE: F), LM Ericsson Telephone Co. (NASDAQ: ERIC), QLogic Corporation (NASDAQ: QLGC), Quicksilver Resources Inc. (NYSE: KWK), and SanDisk Corporation (NASDAQ: SNDK). W e have offered news and color, with some more detailed data at VSInvestor.com.
Amazon.com Inc. (NASDAQ: AMZN) is down over 11% on active trading.
ARM Holdings plc (NASDAQ: ARMH) is a huge winner this morning after Microsoft licensed its architecture. Shares/ADRs up over 10% in fairly active trading.
Athenahealth, Inc. (NASDAQ: ATHN) is still on the road to recovery. Earnings were down but above estimates. We have seen Baird raise its rating as well. Shares are up 9% at $24.05 on only about 22,000 shares.
Citigroup, Inc. (NYSE: C) is down this morning by 1.5% at $4.03, but the volume is off the charts at close to 20 million right at 9:00 on word that the US Treasury will immediately sell $1.5 billion in shares.
E*TRADE Financial Corporation (NASDAQ: ETFC) may finally be on the path to redemption after its reverse split. Last night the company reported its first profit in about 3-years, back to the day when it had all those silly mortgages for clients. Shares are up 9.3% at $14.59 versus a new adjusted 52-week trading range of $11.15 to $20.80. Before the split this would have been millions of shares, but so far we have only seen about 40,000 shares trade hands.
Ford Motor Company (NYSE: F) is up again as America’s only non-bailout auto-maker reported earnings were at a six-year high. This is the most active or one o fthe most active in pre-market trading. Shares are up 5% at $12.70 on over 4.3 million shares.
LM Ericsson Telephone Co. (NASDAQ: ERIC) is trading down 6% at $11.40 on over 300,000 shares pre-market after earnings missed estimates.
QLogic Corporation (NASDAQ: QLGC) is getting slapped after its profit report beat estimates but there were issues on the revenue side. Shares are down 11% at $16.77, but the trading volume so far is very thin.
Quicksilver Resources Inc. (NYSE: KWK) is one of the top gainers this morning after it announced a $1 billion sale of 100% of its interests in Quicksilver Gas Services. The market cap here was only $2.17 billion. Shares are up almost 17% at $14.90 on about 230,000 shares.
SanDisk Corporation (NASDAQ: SNDK) is down but off lows after the earnings significant beat patterns may be peaking. The big news is the CEO departure. Shares are down 5.2% at $40.89 on almost 200,000 shares.
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JON C. OGG
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