Investing

Top Active Trader Stock Alerts (ADBE, AA, AIB, CYTX, DRWI, FFIV, GENZ, KLIC, KLAC, NBG, ONXX, TSYS)

This Friday was influenced by unemployment data and there are many stocks on the move.  Some are earnings, some are not.  We are tracking pre-market trading and volume spikes in shares of Adobe Systems Inc. (NASDAQ: ADBE), Alcoa Inc. (NYSE: AA), Allied Irish Banks plc (NYSE: AIB), Cytori Therapeutics, Inc. (NASDAQ: CYTX), DragonWave Inc. (NASDAQ: DRWI), F5 Networks, Inc. (NASDAQ: FFIV), Genzyme Corporation (NASDAQ: GENZ), Kulicke & Soffa (NASDAQ: KLIC), KLA-Tencor Corporation (NASDAQ: KLAC), National Bank of Greece SA (NYSE: NBG), Onyx Pharmaceuticals, Inc. (NASDAQ: ONXX), and TeleCommunication Systems, Inc. (NASDAQ: TSYS).

Adobe Systems Inc. (NASDAQ: ADBE) is playing some give-back after yesterday’s big run as many doubt that a merger is in the works with Microsoft.  Shares are down nearly 3% at $27.87 on over 600,000 shares in the pre-market.

Alcoa Inc. (NYSE: AA) is up after it beat muted earnings expectations and talked up demand for aluminum from 12% to 13%. JPMorgan also raised the rating.  Shares are up just over 3% at $12.57 on over 1.3 million shares in the pre-market.

Allied Irish Banks plc (NYSE: AIB) is becoming “the daily dumper” and is living up to its new nickname this morning.  Shares are down 2.5% at $1.15 on 160,000 shares in the pre-market.

Cytori Therapeutics, Inc. (NASDAQ: CYTX) is being punished after it priced a 4 million share secondary offering $4.50 per share.  Shares are down 12.9% at $4.65 after closing at $5.34 Thursday.

DragonWave Inc. (NASDAQ: DRWI) is up over 5% at $7.01 holding on to last night’s gains on positive earnings guidance news. Volume is thin.

F5 Networks, Inc. (NASDAQ: FFIV) is lower now that Goldman Sachs cut the rating to a SELL based on valuations and a lack of a deal coming per its belief.

Genzyme Corporation (NASDAQ: GENZ) formally rejected Sanofi-Aventis (NYSE: SNY) and its $69 cash bid and now is exploring alternatives to seek a formal sale process to other buyers.  Shares are up only 0.8% at $72.95 as skeptics feel a higher bid is not going to be coming or will not be much more than the $69 already on the table.

Kulicke & Soffa (NASDAQ: KLIC) proved that dirt cheap valuations did not even factor in all the bad news that should have been priced in.  Shares are down 12.6% at $5.67 on more than 1.8 million shares pre-market; the 52-week range is $4.03 to $9.58.  KLA-Tencor Corporation (NASDAQ: KLAC) is viewed as the larger version of KLIC by traders on many days and its shares are down 2.5% at $34.10 in thinner volume in sympathy with KLIC.

National Bank of Greece SA (NYSE: NBG) is lower by 2.3% at $2.50 this morning on 65,000 pre-market shares, probably on more Greek and PIIGS concerns.

Onyx Pharmaceuticals, Inc. (NASDAQ: ONXX) is trading lower after it delayed its FDA New Drug Application for carfilzomib.  Shares are down in line with the move last night and the stock is down 6.6% at $25.69, but volume is thin compared to its 500,000 shares traded after the close last night.

TeleCommunication Systems, Inc. (NASDAQ: TSYS) is up by 7.71% at $4.89 on more than 30,000 shares after it received a telecom systems order of $9.3 million for global satellites from the US Army though August 2011.

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JON C. OGG

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