DSW does it, CSCO steady, SMSI slumps

DSW Inc. (NYSE: DSW) shares gained 16.5% to $42.21, on volume of 1.4 million shares, or nearly five times its all-day average, after the shoe seller late Tuesday said it would buy Retail Ventures Inc. (NYSE: RVI) , its largest shareholder, in a merger that DSW said would reduce outstanding shares. RVI shares flew 13.6% to $18.11.

Cisco Systems Inc. (Nasdaq: CSCO) traded in 34.7 million shares Wednesday, hunting down its daily average of 74.1 million. Prices nipped up 0.5% to $22.10. CSCO reports after the bell today.

Smith Micro Software Inc. (Nasdaq: SMSI) shares tumbled 36.5% to $8.29 Wednesday. Volume was 7.3 million shares, towering over a full-day average of 491,000 shares, after the company suspended its new year forecast.

Tags: buzz stocks, consumer discretionary, CSCO, DSW, nasdaq, NYSE, RVI, smsi, technology, Technology Stocks

This entry was posted on Wednesday, February 9th, 2011 at 12:14 pm by Glenn and is filed under Consumer Discretionary Stocks, Technology Stocks. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.