Ambac Financial Group, Inc. (NYSE: ABK) is seeing a bit of a pop this morning after yesterday’s late-afternoon stock surge after BofA is being sued for mortgage put-backs. Shares went from about $0.90 to $1.14 yesterday and the stock is up almost 3% this morning at $1.17. Be advised that yesterday’s $1.15 was the highest level seen yet since the mortgage and foreclosure scandals hit last week.
Amylin Pharmaceuticals, Inc. (NASDAQ: AMLN) is down by almost half; partners Eli Lilly & Co. (NYSE: LLY) is down 4% at $35.88 and Alkermes, Inc. (NASDAQ: ALKS) is down 25% at $10.75. FULL NEWS at BioHealthInvestor.com.
Bank of America Corporation (NYSE: BAC) is down on further mortgage loss concerns via put-back clauses and after an analyst downgrade this morning. Shares are down 1.7% at $11.60, and that will mark a 52-week low versus the prior year range of $11.71 to $19.86.
Cell Therapeutics, Inc. (NASDAQ: CTIC) is down 7.7% at $0.41 after it raised $21 million via the sale of preferred stock and warrants.
Cree Inc. (NASDAQ: CREE) managed impressive growth year over year but that is slowing rapidly and the guidance was soft again. Shares are down 9.5% at $47.99 and the 52-week trading range is $40.50 to $83.38.
Dearborn Bancorp Inc. (NASDAQ: DEAR) is yet again proving to be extremely volatile after earnings. The Michigan-based regional bank is trading up 40% at $2.45 on relatively thin volume.
FSI International Inc. (NASDAQ: FSII) is down after forecasting a revenue shortfall for the quarter. Shares are down 12% at $2.70 versus a 52-week trading range of $1.00 to $5.17.
Intuitive Surgical, Inc. (NASDAQ: ISRG) reported a 34% profit gain but shares are down on revenue and guidance. The stock is down 5% at $265.00 on over 13,000 shares.
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