Options Trading News

October 25, 2012  Thu 7:27 AM CT


Medical Distributor Valued at $2.1 Billion

PSS World Medical announced it will be purchased by McKesson for $29 a share, or $2.1 billion. PSSI, which closed below $22 yesterday, shoots higher by 33 percent in before the bell on my tradeMONSTER platform.

Zynga Earnings, Revenue Exceed Consensus

Zynga reported breakeven results for the third quarter on revenue of $316.6 million. Analysts had expected a loss of $0.01 per share and revenue of $256.43 million. ZNGA rose 16 percent in early trading.

Strong Results Drive Akamai Higher

Akamai Technologies reported third-quarter earnings of $0.43 a share, versus the $0.41 consensus forecast. Revenue of $345 million also beat the $338 million estimate. AKAM pops 10 percent in the premarket.

Crocs Plunges After Sales Trail Expectations

Crocs earnings beat expectations, but revenue was just $295.57 million. Analysts had expected $302.37 million. Guidance was also below current Street numbers, and CROX is down 12 percent before the bell.

Share this article with your friends


Premium Services

Education & Strategy

The art of trading

As I stated in last week's article, a break out or a break down needs to have a couple things happen before it is considered a confirmed break out or break down. The only problem is that in today's market where things move much more quicker than they did just a few years ago, two days could wind up being the majority of the expected movement, if not the whole movement.

View more education articles »