MarketWatch.com - Pre-Market Indications

Wednesday, August 6, 2008

Pre Market Trading Gap News

Gapping Down

In reaction to disappointing earnings/guidance: INAP -26.9% (also downgraded to Perform at Oppenheimer), ABCO -25.3% (also downgraded to Perform at Oppenheimer), MFLX -21.4%, KMX -19.4%, WFMI -18.8% (also downgraded to Source of Funds at ThinkPanmure), PCLN -17.6%, KOG -16.5%, EAC -16.2%, MVIS -13.9%, SNCR -10.9%, BMRN -10.0%, AKNS -8.7%, S -7.6% (also announces a 3 mln share cumulative perpetual convertible preferred stock private placement offering), HSP -6.9%, FRE -6.7%, QSFT -6.3%, SMSI -5.4%, ALSK -4.9% (light volume), PACR -4.9% (also downgraded to Underweight at JPMorgan), MOLX -3.3%, LTRE -2.3% (light volume), DRRX -2.2% (light volume), WMS -2.2%, MSCS -2.0%, SKYW -1.6%, AREX -1.3% (light volume), JCOM -1.2%, MCHX -1.0% (also downgraded to Accumulate from Buy at ThinkPanmure)…

Select mortgage/financial stocks trading lower: FNM -7.8% (down in sympathy with FRE), LYG -5.6% (trading ex-dividend), LEH -4.2%, IBN -3.7%, WM -2.9%, BCS -2.8%, WB -2.4%, WFC -1.9%, C -1.6% (talks with regulators may bring billions in auction-rate-securities buybacks - WSJ), MER -1.6%, HBC -1.6%, JPM -1.4%…

Other news: HCP -7.4% (announces a 13 mln share common stock secondary offering), MEE -5.9% (files for mixed securities shelf offering), SHPGY -3.4%, SI -1.8% (still checking), EXPE -1.1% (trading down in sympathy with PCLN)…

Analyst comments: NVS -3.4% (downgraded to Neutral at JPMorgan), BIG -2.7% (downgraded to Hold at Soleil), VRTX -2.4% (downgraded to Neutral from Positive at Susquehanna), AIG -1.6% (initiated with Sell at Societe Generale - Bloomberg), SONC -1.1% (downgraded to Sell at Merrill).

Gapping Up

In reaction to strong earnings/guidance: MWA +14.8%, GGC +11.8%, MDRX +11.3%, KNDL +9.6%, FTK +9.5% (light volume), AMKR +9.4%, HDSN +9.1%, BIDZ +8.8%, TKLC +7.8%, OPWV +7.7%, HLS +6.9%, ONNN +6.0%, CSCO +5.6% (also assumed with an Equal Weight at Lehman, down from prior Overweight rating), ABK +4.9%, ACAS +4.7% (light volume), RL +4.1%, HLF +3.2%, FWLT +2.8%, WBMD +2.7% (also upgraded to Source of Funds at ThinkPanmure), USU +2.6% (light volume), PZZA +1.4% (light volume)…

Select metals/mining names showing strength: RTP +4.6%, AAUK +4.6%, BBL +3.7%, BHP +3.5%, LMC +3.5%, PAL +2.4%, GG +2.3%, GFI +1.9%…

Other news: ILE +303.4% (reports positive top-line results from pivotal phase III studies of Isolagen Therapy in wrinkles; studies meet all primary efficacy endpoints and are statistically significant), VRNM +48.5% (Verenium and BP announce partnership to accelerate the commercialization of cellulosic ethanol; also upgraded to Buy at Jefferies), SCA +39.3% (XL Capital announces closing of previously announced transactions with Security Capital Assurance Ltd and capital raise), DVAX +14.9% (Dynavax Technologies and Merck announce Phase 3 Trial with Investigational Hepatitis B vaccine Heplisav met its primary endpoint), IOC +9.1% (advises that testing has shown an excellent gas flow at the Elk-4 discovery well), HOKU +7.6% (HOKU Scientific and Tianwei sign $284 mln Polysilicon supply contract), S +2.3% (announces proposed private placement of $3 bln of cumulative perpetual convertible preferred stock), BP +1.3% (still checking)…

Analyst comments: LLNW +7.7% (upgraded to Buy at Jefferies), FCX +3.5% (added to Top Picks Live List at Citigroup), SLW +2.7% (upgraded to Outperform at Raymond James), HMA +2.2% (upgraded to Outperform at Leerink Swann).



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NYSE Arca Morning Update

Stocks trading on NYSE Arca at a price more than 15% away from the previous trade day's consolidated close price. (As of 08:30:00 ET)

Stock
Tuesday's Close Current Price Pct Chng Current NYSE Arca Vol
SCA

$2.15

$2.88

34%

10,200

VRNM

$2.05

$2.63

28%

1,363

INAP

$4.39

$3.23

( 26%)

1,076

ABCO

$39.55

$29.66

( 25%)

2,900

WFMI

$22.91

$18.34

( 20%)

9,652

PAL

$3.74

$4.38

17%

5,000

FRE

$7.96

$6.66

( 16%)

581,553

MWA

$9.56

$11.08

16%

1,850

10 Most Active stocks on NYSE Arca as of 08:30:00 ET

Based on Dollar Volume: Based on Share Volume:
Stock
Dollar Volume
SPY
$117,670,775
QQQQ
$40,689,604
IWM
$13,516,330
CSCO
$8,493,865
NVS
$8,324,368
HCP
$7,106,225
GLD
$6,979,537
RDS.A
$4,772,345
MSFT
$4,225,819
FRE
$4,139,585
Stock
Share Volume
SPY
918,791
QQQQ
883,667
FRE
581,553
ABK
529,552
CSCO
358,075
ILE
339,600
HCP
201,800
IWM
188,281
UBS
161,520
MSFT
159,090


NYSE Arca Morning Update


Pre-Market Most Active Stocks - NASDAQ Premarket

NASDAQ - Pre-Market Ten Most Advanced

Active Share Volume Declined

Symbol

Company Name

Market
Close
Last Sale (Pre-Market) % Change
(Pre-Market)
Share
Volume

(Pre-Market)

Verenium Corporation
$2.02 $3 48.51% 7,407

Limelight Networks, Inc.
$3.62 $3.90 7.73% 10,100

Tekelec
$16.14 $17.31 7.25% 4,825

Amkor Technology, Inc.
$8.23 $8.77 6.56% 16,650

Cisco Systems, Inc.
$22.65 $23.90 5.52% 2,022,659

Catalyst Semiconductor, Inc.
$6.47 $6.80 5.10% 6,352

NASDAQ OMX Group, Inc. (The)
$26.42 $27.55 4.28% 16,500

ON Semiconductor Corporation
$9.43 $9.80 3.92% 202,633

Evotec Aktiengesellschaft
$3.30 $3.40 3.03% 5,000

Foster Wheeler Ltd.
$50.58 $52 2.81% 22,912

As of 8/6/2008 8:36:54 AM

NASDAQ - Pre-Market Ten Most Declined

Active Share Volume Advanced

Symbol

Company Name

Market
Close
Last Sale (Pre-Market) % Change
(Pre-Market)
Share
Volume

(Pre-Market)

Advisory Board Company (The)
$39.63 $29.85 24.68% 67,511

Internap Network Services Corporation
$4.38 $3.30 24.66% 4,162

Whole Foods Market, Inc.
$22.92 $18.18 20.68% 168,034

priceline.com Incorporated
$117.20 $100.20 14.51% 10,866

Microvision, Inc.
$2.59 $2.23 13.90% 4,000

BioMarin Pharmaceutical Inc.
$31.70 $28.50 10.09% 5,900

Quest Software, Inc.
$14.84 $13.60 8.36% 28,905

Shire Limited
$53.48 $51.59 3.53% 17,850

UAL Corporation
$10.24 $10 2.34% 18,116

JetBlue Airways Corporation
$5.77 $5.65 2.08% 5,200

As of 8/6/2008 8:36:55 AM



Pre-Market Most Active Stocks - NASDAQ Premarket


Pre Market Movers - Futures Trading - Nasdaq - NYSE

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