Jim Cramer Blog

At the close of trading today, someone jumped in at 3:59 and bought 25m+ shares. Could this be index funds who automatically include this stock in their portfolio because of their recent inclusion into the S&P 500? I have never seen a volume surge such as this. On average the stock trades 4.5m+ shares per day. Before this block was snatched up today, 24m+ shares changed hands. It was a 100% increase in volume in one minute. Additionally, this 25m block equates to 10% of the shares outstanding and will make the stock more volatile. Now, any kind of news will move this stock significantly. I'm looking at the earnings call in early November. If NYX beats Wall Street's consensus, you can expect the stock to move back up to its yearly trading highs of $110.
Disclaimer: We own 7 Jan '07 100 calls of NYSE Euronext.

Labels: NYSE Euronext Inc., NYX