There are some big stocks for active traders and day traders to ponder this morning. On the move are Ambac Financial Group, Inc. (NYSE: ABK), ASML Holding N.V. (NASDAQ: ASML), AVI Biopharma, Inc. (NASDAQ: AVII), Citigroup, Inc. (NYSE: C), Diamond Management & Technology Consultants, Inc. (NASDAQ: DTPI), Focus Media Holding Limited (NASDAQ: FMCN), National Bank of Greece SA (NYSE: NBG), and Research In Motion Ltd. (NASDAQ: RIMM).
Ambac Financial Group, Inc. (NYSE: ABK) is becoming a regular of sellers each morning on continued bankruptcy fears. Shares are down over 5% at $0.46 on over 30,000 shares. This is still holding above the 52-week low of $0.40.
ASML Holding N.V. (NASDAQ: ASML) is trading lower as one of the more active ADRs after European markets slid today. The ADR is down about 4% at $26.52 on about 100,000 shares.
AVI Biopharma, Inc. (NASDAQ: AVII) is up after it announced positive results from two of its pre-clinical studies of AVI-7100 against pandemic H1N1 virus. Shares are up 3.5% at $2.10 on over 80,000 shares.
Citigroup, Inc. (NYSE: C) is just down again by almost 2% at $3.68. With over an hour to the open there have already been close to 6 million shares traded. Some big banks and regional banks were hitting 52-week lows on Monday.
Diamond Management & Technology Consultants, Inc. (NASDAQ: DTPI) is soaring on news that PwC is acquiring the company for $12.50 per share. Shares are up 30% at $12.43 on more than 1.5 million shares.
Focus Media Holding Limited (NASDAQ: FMCN) is trading up after beating earnings in China. Shares are up 7.8% at $19.99 on only 13,000 shares, but this marks a 52-week high above the prior range of $8.59 to $19.26.
National Bank of Greece SA (NYSE: NBG) is down this morning after several issues. Huge earnings drop recently, ministers encouraging Greek banks to merge, and now S&P has cut the rating to a Strong-Sell rating. The ADRs are down 3% at $2.54 but on thin trading volume.
Research In Motion Ltd. (NASDAQ: RIMM) was cut in targets at Dundee (Canada) to $65 from $75, but the tape would have likely hurt it anyway. More importantly, R-I-M is now at 52-week lows if there is no recovery before the 9:30 AM Open. The current price is down 1.7% at $46.93 versus the prior 52-week range of $47.42 to $88.08. Many techs hit 52-week lows on Monday.
You can join our free daily email distribution list to hear more about dividend trends, analyst upgrades and downgrades, top day trader and active trader alerts, news on Buffett and other investment gurus, IPOs, secondary offerings, private equity, and more.
JON C. OGG