PALM shares are down another $1.44 to $4.20 and have plummeted more than 70 percent in a little over two months. Today’s debacle comes after PALM said it lost 61 cents last quarter, and 19 cents worse than Street expectations. (register to read more …)

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Crocs (CROX) is up 52 cents to $7.91 and seeing relative strength after Piper Jaffray analysts upped their price target to $9 from $8.50. The analysts met with management and said they have increased confidence in growth strategies, leadership, and (register to read more …)

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Cheesecake Factory (CAKE) touched a new 52-week high and was recently up 60 cents to $26.63. Options volume is running 10X the average daily, with some unusual activity seen in July and October puts. A total of 20K puts traded, (register to read more …)

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Airtran (AAI) is up 29 cents to $5.25 amid relative strength in the airline sector Tuesday. Reuters reports that demand for air travel among business customers is picking up. According to UAL CFO Kathryn Mikells, “We’re clearing seeing signs of (register to read more …)

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PALM, which hit a new 52-week low of $5.4 this morning, has seen a 17 cent spike in the past few minutes and is now up a nickel to $5.76. Option volume is still on the light side, with 18K (register to read more …)

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Cell Therapeutics (CTIC) is up 22 cents to $1.12 per share and calls are active in early trading after the FDA completed a review of a new overseas plant that manufactures pixantrone and found the site in compliance. Shares are (register to read more …)

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Premium Sample (posted Feb 24, 11:38 a.m.) Intermune (ITMN) is off 2 cents to $14.76 and March 30 calls, 7.5 puts are seeing interest. One player bought the bullish risk-reversal at 7.5 cents, 2900X. The trade is probably related to (register to read more …)

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TIVO shares rally $4.40 to $14.61 and options action heats up after an appeals court rules against DISH in a contempt case. Shares rallied to 52-week highs on the news. 25K calls and 13K puts traded so far. Mar 10 (register to read more …)

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Unusual action in Trina Solar (TSL) after an investor apparently opened a bearish risk-reversal Tuesday, only to close it Wednesday. The position was opened Tuesday midday on ISE when shares traded around $22.50. At that time, 7000 Mar 20.5 puts (register to read more …)

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Shares of Tivo up 20c to $10.23 and option volume is 2x the daily average. Notable trades include 5,000 of the March $10 calls and 5,000 of the April $11 calls in what appears to be a roll up and (register to read more …)

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