Tuesday, November 9, 2010

Late Hour Volume Buzzers (HL, DF, SLW, ATLS)

Hecla Mining Company (NYSE:HL) added 0.22% to $8.98 on an unusual volume of 34.11 million shares compared to a daily average trading of 10.10 million shares. The stock today also touched a new 52-week high at $9.75. So far in this year the stock has surged 45.15%. The stock touched an intraday low and high of $4.27 and $9.75 respectively. Dean Foods Company (NYSE:DF) plunged 17.37% to $8.56 on over an unusual volume of 23.60 million shares after the dairy giant said Jack Callahan would step down as chief financial officer at the end of the month. The company also reported disappointing third-quarter financial results and issued a weak estimate for the fourth quarter.The stock today also touched a new 52-week low at $8.50 over the past 52-weeks. So far in this year the stock has plunged 52.55%. The stock touched an intraday low and high of $8.50 and $18.79 respectively. Silver Wheaton Corp. (USA) (NYSE:SLW) fell 2.91% to $34.05 on an unusual volume of 23.51 million shares after announced that it remains on track to meet production guidance of 23.5 million silver equivalent ounces in fiscal 2010, growing to approximately 40 million ounces by fiscal 2013. The stock today also touched a new 52-week high at $37.20. Atlas Energy, Inc. (NASDAQ:ATLS) surged 33.70% to $42.41 on an unusual volume of 22.20 million shares. Chevron Corp. and Atlas Energy, Inc. announced that Chevron would acquire Atlas Energy for cash of $3.2 billion and assumed pro forma net debt of approximately $1.1 billion. The acquisition is subject to certain Atlas Energy restructuring transactions, approval by Atlas Energy shareholders and regulatory clearance. Under the terms of the agreement, Atlas Energy shareholders will receive $38.25 in cash for each share of Atlas Energy stock and a pro-rata distribution of over 41 million units of Atlas Pipeline Holdings, L.P., following certain restructuring transactions to be completed immediately prior to the merger closing.
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