Why The Surge in Boston Scientific Corp (BSX), Yahoo Inc (YHOO), Motorola Solutions (MSI)

While the market is relatively flat today, several companies are crushing it today with big volumes.  Some of the biggest moves have been seen in  Boston Scientific Corp (BSX), Yahoo Inc (YHOO), and Motorola Solutions (MSI).

Boston Scientific Corp (BSX) is no stranger to volatility, especially downward volatility.  But today, it’s moving up on very high volume.  The stock has been rather lackluster in it’s performance the past 3 months, trading in a tight $1 range in that period.  Today Boston Scientific Corp (BSX)is trading at $12.33 up $0.33 or 2.65% today, on volume of over 20.5 million shares traded so far.  Boston Scientific Corp (BSX) shares have an average daily volume of just 9.1 million so you know something is up.

The interesting thing here is that there is no material news that would seem to justify the volume traded in BSX today.  And yet, it’s already more than doubled it’s daily trading volume by noon today.  There is also absolutely nothing going in the options of Boston Scientific Corp (BSX) today, which could have shed some light on what’s happening.

yahoo logo YHOOYahoo Inc (YHOO) shares have been on fire today, with it already trading 2.5 times it’s average daily volume.  YHOO call options have also been on fire today, so you know the insiders and hedge funds are having a field day.  Yahoo Inc (YHOO) is currently trading at $41.16, up $1.57 or almost 4% so far today.  The 52 week high on YHOO is $41.72, while the low is $27.82.

Internet search companies are having a good day all round, and yahoo is one of the biggest movers in the sector.  The biggest factor in Yahoo’s performance today is due to the Alibaba IPO.  Yahoo Inc (YHOO) stands to pocket more than $8 Billion from the IPO.

Motorola Solutions (MSI), a usually sleepy trader is rocking out on 8.75 million shares traded so far today. MSI was trading down at 11 am at it’s low of $58.73, when suddenly a large block traded causing the stock to soar from then on.   Motorola Solutions (MSI) is now trading at $61.08, up $2.19 so far as of 1pm. MSI usually only trades about 2 million shares per day on average

There is no material news out on Motorola Solutions (MSI) today, that would explain the sudden volume and price surge in MSI shares.

There has been no analyst upgrades as of 1pm that may have explained this sudden spurt, and there has been no notable volume in call option for MSI.