Wednesday, October 3, 2012

Volume off the high 10/3/12

No real theme (at least new or apparent theme) is present in the daily volume off the high list. Although, the number of names hitting the initial screens have contracted somewhat. That said, the four names that did hit the list are strong volume off the high candidates. Going forward and depending on time constraints or the size of the lists, I will also try to provide some commentary around the names.

Acuity- AYI. AYI reported quarterly results that missed Street estimates.
 Cynosure- CYNO. No news yesterday, but the sell is probably related to the 2.94 million share offering announced on Monday.
 RPM- RPM. Although the company raised 2013 guidance, current quarterly results were inline with the Street while revenue missed. It appears that traders do not believe the company's forecasts.
 Sprint Nextel- S. S is down on reports the Deutsche Telekom is looking to buy Metro PCS along with an analyst downgrade.

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