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New York, NY -- (SBWIRE) -- 10/17/2012 -- A record number of Clearwire Corporation (NASDAQ:CLWR)call contracts were traded during the busy trading session. There were 5.5 call contracts traded for each put contract yielding a 0.18 put/call ratio where 5,438 put and 29,698 call contracts exchanged hands.The skewed options ratio suggests that traders are re-balancing their portfolios in anticipation of a price shift. Unusual volume activity directly reflects investor outlook and confirms that a stock move is imminent.The firm currently operates networks that reach markets with a combined population of about 135 million people. As of September 30, 2011, Clearwire served 1.3 million retail and 8.2 million wholesale customers, primarily via Sprint.Clearwire Corporation settled the day down $0.46 to $2.23 in the previous trading session. Today's trading range was between $2.16 and $2.40 respectively. On the volume side, 62M shares were traded, which is greater than the average volume of 16M shares. CLWR is trading above the 50 day moving average and higher than the 200 day moving average. The stock's 52 week low is $0.83 and 52 week high is $2.96. To date, the stock has gained 66.05% within the last month. The technical momentum Relative Strength Index indicator shows overbought conditions.
How Should Investors React To CLWR Now? Find Out Here
James River Coal (NasdaqNM:JRCC) is +0.90 - +23.20% from the previous close of $3.88. It traded between $3.72 - 4.9201 with total traded volume of 6205822 shares. At Current Market Price, JRCC is in the distance of +57.99% from its 50-day Moving Average price of $3.0254 and +51.48% from its 200-day Moving Average price of $3.1556. James River Coal (NASDAQ:JRCC): Bouncing Through a Bottom in 2012 but October 2011 was a rockier time for James River who were about to experience a devastating sell off culminating (or some think) in a mid-summer bottom this year. If this is a bottom (and no one knows for sure) it came after shares sold off from $12 p/s to under $2 p/s in a grinding display of unwind. The stock continued its rally off these August lows in $1.75, and trading looked much like a completed pattern with all the trimmings of a large shareholder exiting, and exiting poorly. I’m sure the industry fundamentals (China Demand) had much to do with the unwind, and shares have been up recently as Chinese demand resurfaces as a market driver for Coal.JRCC is engaged in mining, processing, and selling bituminous, steam-, and industrial-grade coal. JRCC gets F’s in Equity, Cash Flow, Operating Margin Growth, and Sales Growth as well. The price of JRCCis down 30.9% since the first of the year.
For More Information, Get Complete Free Analysis Of JRCC Stock Here
Costamare Inc(NYSE:CMRE) slipped 10.31% to $13.66 on a traded volume of 1.51 million shares.The Company announced the pricing of 7,000,000 shares at $14.00 per share. The gross proceeds are expected to be $98,000,000. The Company has also granted the underwriters a 30-day option to purchase up to an additional 1,050,000 shares of its common stock. The Company plans to use the net proceeds of the offering for capital expendituresand for other general corporate purposes. Morgan Stanley & Co LLC and Goldman Sachs & Co are acting as joint book-running managers of the offering.
Can CMRE Continue To Move Higher? Find Out Here
North American Palladium (NYSE: PAL) from $3.25 to $2.75 in a research note issued on Tuesday. Other equity research analysts has had also recently issued reports about the stock. Analysts at Credit Suisse upgraded shares of North American Palladium from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday, October 11th. They now have a $15.00 price target on the stock. Separately, analysts at RBC Capital cut their price target on shares of North American Palladium from $3.50 to $3.00 in a research note to investors on Wednesday, September 26th. They now have an “outperform” rating on the stock. Finally, analysts at Scotia Capital cut their price target on shares of North American Palladium from $4.00 to $2.75 in a research note to investors on Friday, September 7th. They now have a “sector perform” rating on the stock.Shares of North American Palladium traded down 7.30% during mid-day trading on Tuesday, hitting $1.65. North American Palladium has a 52 week low of $1.47 and a 52 week high of $3.61. The company’s market cap is $288.0 million.
Will PAL Rebound After Today’s Slump? Find Out Here
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