Despite higher costs, ConAgra Foods Inc. (NYSE: CAG) fiscal third-quarter net income climbed 60% to $309.1 million, or 63 cents a share. Sales for the quarter increased 21% to $3.53 billion.
Hoop Holdings, a unit of Children's Place Retail Stores Inc. (NASDAQ: PLCE) and the operator of Disney Store North America, said late on Wednesday that it filed for Chapter 11. Children's Place isn't part of the Chapter 11 petition, but is in talks to sell a substantial part of the Disney Store business to Walt Disney Co. (NYSE: DIS) in order to concentrate on its core namesake brand.
Rambus (NASDAQ: RMBS) shares are advancing another 4.4% in premarket trading after closing up over 38% yesterday following a court decision finding it wasn't guilty of fraud or violating antitrust laws in dealing with an industry group that set technology standards for dynamic random access memory, or DRAM, chips in the 1990s.
Rambus (NASDAQ: RMBS) is recently up $5.64 to $24.39.
Bloomberg reported RMBS wins final phase of Hynix patent infringement trial.
RMBS call option volume of 87,523 contracts compares to put volume of 29,918 contracts. RMBS April option implied volatility is at 83, below a level of from 150 prior to the decision, May is at 64 below a level of 114 and August is at 62 below a level of 87 according to Track Data, suggesting decreasing price movement.
Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com
Just yesterday we were all scratching our heads and wondering where the bears had gone. It seems maybe they were just out on a binge session. Today was the playbook day of what we had seen so regularly before last week with financials and tech lower, and gold, oil and commodities higher. Oil rose a sharp $4.73 to $105.95 on lower than expected inventory numbers, and gold was up $11.00 at $949.50 in late day trading on the weak U.S.-Peso.
February's Durable Goods brought on more pessimism from the start of the session after posting a 1.7% drop, although this has always been one of the more volatile economic numbers in good times and in bad. The report out of the Commerce Department showed new home sales fell another 1.8% in a fourth consecutive decline, although that was slightly better than many were looking for. Below are the unofficial closing prices for U.S. index levels:
Rambus (NYSE: RMBS) is recently up $1.53 to $20.05.
RMBS seven year patent infringement litigation vs. Hynix Semiconductor, Micron (NYSE: MU) and Nanya went to jury on March 25 in federal court in San Jose.
RMBS call option volume of 64,232 contracts compares to put volume of 11,633contracts. RMBS April option implied volatility is at 150, May is at 114 and August is at 87; above its 26-week average of 76 according to Track Data, suggesting larger price movement.
Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com
RMBS has upcoming patent infringement and anti-trust claim issues.
RMBS April option implied volatility is at 140, May is at 108 and August is at 83; above its 26-week average of 74 according to Track Data, suggesting larger price movement.
Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com
Rambus Inc. (NASDAQ: RMBS) is recently up $3.16 to $19.68. RMBS has upcoming patent infringement and anti-trust claim issues in 2008. RMBS call option volume of 40,646 contracts compares to put volume of 8,780 contracts. RMBS February option implied volatility is at 92, March is at 93 and May is at 94; above a level of 75 from January 29. RMBS average option implied volatility over the last 26-weeks is 66 according to Track Data, suggesting larger price movement.
Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com.
Rambus Inc. (NASDAQ: RMBS) said it was notified by the SEC that it had ended its formal investigation into the company's past stock options practices. RMBS closed at $19.84. RMBS has upcoming patent infringement and anti-trust claim issues in 2008. RMBS January option implied volatility is 54 and May is at 74. RMBS average option implied volatility over the last 26-weeks is 64 according to Track Data, suggesting larger price movement.
Micron Technology Inc. (NYSE: MU) is recently up 18 cents to $9.13. MU has been frequently mentioned as takeover candidate over the last 18-months. MU December and January option implied volatility of 57 is above its 26-week average of 42 according to Track Data, indicating larger price risk.
Target (NYSE: TGT) volatility elevated on hopes Ackman's position will lead to changes. TGT is recently up .63 to $62.42. William Ackman's Pershing Square, an activist hedge fund, reported owning a 9.6% position in TGT on 7/16. www.Thestreet.com says "The giant retailer's intent now may be to maintain control of the valuable credit card business while unlocking cash." TGT September & October option implied volatility of 38 is above its 26-week average of 28 according to Track Data, suggesting larger price risks.
Rambus (NASDAQ: RMBS) volatility increases on renewed takeover chatter. RMBS, a technology licensing company specializing in the invention and design of high-speed chip interfaces, is recently up $1.30 to $17.08 on unconfirmed and renewed takeover chatter. RMBS has a market cap of $1.7 billion with March 2006 total quarterly revenue of $47 million. RMBS has upcoming patent infringement & anti-trust claim issues in 2008. RMBS call option volume of 22,361 contracts compares to put volume of 3,000 contracts. RMBS September option implied volatility is 75, October at 68 above a level of 58 from last week; February 2008 is at 68. RMBS average option implied volatility over the last 26-weeks is 57 according to Track Data, suggesting larger price risks.
Daily options Update is provided by Stock Specialist Paul Foster of theflyonthewall.com.
Before the bell: Futures higher ahead of GDP; ORCL drops, CCU climbs, LEN beats
Rambus
Just yesterday we were all scratching our heads and wondering where the bears had gone. It seems maybe they were just out on a binge session. Today was the playbook day of what we had seen so regularly before last week with financials and tech lower, and gold, oil and commodities higher. 
Rambus
Rambus Inc.
Rambus Inc.
Target
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Before the bell: Futures lower as oil rises, despite Alcoa earnings
