Monday, March 26, 2007

Stocks In The News

Today ABT announced positive results from two studies which confirm that darotid artery stenting is a safe and effective treatment to reduce risk of stroke. The stock closed up over 6% on heavy volume.

Around 1:00 there was renewed takeover chatter circulating for NEM, but the stock was only able to rally about .40.

On Friday at 10:30, OVTI rallied sharply on rumors of a potential Eastman Kodak (EK) acquisition. Today at exactly 10:30 again, we saw more heavy buying. I'll be watching OVTI tomorrow around 10:30 just in case buyers decide to enter again at this time.

At 12:00 today, GRA rallied on takeover chatter. GRA April 25 calls are seeing heavy interest. The stock closed up almost 8% on big volume.

DVN April calls are seeing interest following XOM for DVN chatter. Seeing the most activity are the Apr 75 calls. DVN closed up a little over 2% today.

1 comment:

Themis said...

the blogtalk on the web is $19 for OVTI..true or not the volume is impressive.


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