Applied Micro Circuits Corp (AMCC) $10.96 -5.72%
Applied Micro Circuits (AMCC), a Sunnyvale, CA integrated circuit maker, is down 5.8 percent to $10.93 in cautious trading ahead of earnings, due out after the closing bell. After touching a new 52-week high Monday, shares have now suffered a three-day 10.6 percent setback. Meanwhile, in the options market, order flow has turned bullish, with 1294 Nov 12.5 calls traded. 100 percent traded at the ask. The top trade is a 115 lot at 90 cents on CBOE. Oppenheimer said yesterday that Applied Micro should report a solid beat and also raise quarter, per Fly On the Wall.
Category: All Stocks, Semiconductors, Small Cap Stocks
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About the Author (Author Profile)
Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.
