A low volume inside day could be NR7 (price and volume contraction before expansion).
Today's movement, or lack of, came from
lower than avg volume (1342, vs. 2283 avg), with
decliners outpacing advancers (1083/1907) and with
new highs in line with new lows (68/67).
Companies moving in after hours trading in reaction to earnings:
Trading Up: SNDA +2.1%...
Trading Down: STRM -18.6%... Companies moving in reaction to news:
Trading Up: OPLK +3.9% (announces share repurchase program of $40
mln in common stock); ICON +2.9% (signs direct-to-retail license for its Ocean Pacific and OP brands With
Wal-Mart);
BNI +2.1% (Berkshire Hathaway buys more Burlington Northern shares - DJ);
IKAN +1.4% (lowers Q3 revs guidance below consensus);
AA +0.7% (to sell two soft-alloy extrusion plants; close one in
Tifton, Ga);
CKR +0.7% (announces $100
mln increase in its term loan and provides stock repurchase plan update)...
Trading Down: COA -1.7% (suspends dividend).
After the close Friday,
NASDAQ released its August short interest data, which was collected on the 15
th.
