Archive for the ‘Consumer Staples Stocks’ Category

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MGN mighty, GE does bright business, ACMR falters

Monday, December 6th, 2010

Mines Management Inc, (AMEX: MGN) strengthened 24.31 percent in price to $3.58. Volume of 704,193 shares trounced the stock’s normal full-day average volume of 118,542. Last week, the Spokane-based MGN announced it closed out the quarter with $7.4 million of unrestricted cash and certificates of deposit.

General Electric Company (NYSE: GE) traded in 58,589,131 shares, making it a leader in volume, edging its daily average. Shares in GE inched down 0.48 percent to close Monday at $16.70. GE today announced that it will provide gas turbine technology to Mass Global Investment Company, an independent power producer, to help meet northern Iraq’s growing demand for electricity. Under the agreement, GE will supply three Frame 9E gas turbines and generators for the 375-megawatt expansion of the Arbil Power Plant, located in Iraq’s Kurdistan region.

A.C. Moore Arts & Crafts Inc. (NasdaqGS: ACMR) faded in price 12.86 percent Monday afternoon to wind up at $1.93, on volume of 354,971 shares, seven times its daily volume average. ACMR is a specialty retailer of arts, crafts and floral merchandise for a wide range of customers.

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KKR up, BAC a volume leader, KR slips

Thursday, December 2nd, 2010

Krispy Kreme Doughnuts (NYSE: KKD) found its stock price 18.18 percent sweeter to $7.28 as the clock approached noon ET Thursday. Volume was 3,325,872 shares, more than five times its normal full-day average volume. The North Carolina-based chain reported third-quarter results Wednesday showing revenues increased 7.9% to $90.2 million from $83.6 million in the same quarter last year.. Operating income rose to $4.1 million from $633,000

Bank of America Corporation (NYSE: BAC) was among the volume leaders Thursday noon ET, dealing in 153,785,857 shares, closing in on its full day average of 201,913,000. Shares nudged up 2.88 percent to $11.61.

Kroger Company (NYSE: KR) dropped 8.76 percent by noon Thursday to $21.77, on volume of 22,100,457 shares, nearly four times its average daily volume. Today, KR reported third-quarter net earnings totaled $202.2 million, or $0.32 per diluted share. In the third quarter of fiscal 2009, Kroger reported a net loss of $874.9 million, or $1.35 per diluted share

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SAR leaps, GE steady, SSE fades

Monday, November 15th, 2010

Saratoga Investment Corp. (NYSE: SAR) jumped in price 8.63 percent to $22.66. Volume in SAR was 48,333 shares, or more than 10 times its usual daily volume. The New York-based business development company today announced that its Board of Directors has declared a dividend of $4.40 per share payable on December 23, 2010 to common shareholders of record on November 19, 2010.

General Electric Corporation (NYSE: GE) was one of the main volume leaders Monday, trading in 39,121,632 shares, still well below its daily average of 59,528,300.  Even so, the giant trailed Friday’s close in price by 0.31 percent to $16.20.  GE Marine, a unit of GE Transportation, and the Panama Canal Authority (ACP) announced today the start of the commissioning of 13 tugboats for use in the Panama Canal. The 26-engine order represents the largest in the history of GE Marine.

Southern Connecticut Bancorp (AMEX: SSE) fell in price Monday, 34.52 percent to $4.06. Volume in SSE was 57,132, or about eight to nine times its average daily volume. The holding bank announced Friday it had entered into a Mutual Termination Agreement, related to the previously announced Agreement and Plan of Merger, dated as of February 22, 2010, as amended on September 17, 2010.

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TTGL has banner day, SMKY smokin’, ECCE has wings clipped

Monday, November 15th, 2010

Titan Global Holdings, Inc. (Pink Sheets: TTGL) screamed higher in late afternoon trading Monday, gaining 5,900 percent in price to six-10ths of a cent. Volume so far Monday is 32,738 shares.

Smoky Market Foods, Inc. (OTCBB: SMKY) rocketed in price 500 percent Monday to six-10ths of a cent. Volume in the stock was 995,000 shares.

Eagle Ford Oil & Gas, Corp. (OTCBB: ECCE) faded in price 87.18 percent to 10 cents Monday afternoon. Volume was 4,534 shares. Houston-based ECCE announced last week a drilling update for the two wells in the Eagle Ford Shale formation located in Live Oak County in South Texas. The Kellam#2H has been successfully completed and is currently producing.

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GRH more energetic, SPDR sells briskly, MBR lists lower

Wednesday, November 10th, 2010

GreenHunter Energy Inc. (AMEX: GRH) tacked on 15.98 percent to its price in early afternoon Wednesday, to $1.38. Volume on GRH shares was an unusually heavy 166,854, about five times its daily average. The Grapevine, Texas-based company announced last week that it has closed on approximately $30 million in tax-exempt Recovery Zone Facility Bonds.

SPDR S&P 500 (NYSEArca: SPY) did a brisk business early Wednesday, having traded in 123,355,762 shares, rapidly approaching its daily average of 193,469,000. The index-based issue inched up 0.22 percent in price to $121.88.

Mercantile Bancorp Inc. (AMEX: MBR) took it on the chin during early Wednesday afternoon trading, giving back 22.48 percent in price to $1.00. Volume in MBR stock surpassed 79,631 shares, or nearly 20 times its daily average. Last week, the Quincy, Illinois-based regional bank announced it would terminate its shareholder rights offering without acceptance of any of the subscriptions exercised thereunder.

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