Hats off to RHT, C busy, FUL empty

Posted on Thursday, March 24th, 2011

Red Hat Inc. (NYSE: RHT) shares rose 16.6% to $46.59 Thursday. Share volume was six million in the first trading hour, or triple its daily average, a day after the software company reported fourth-quarter revenue that beat forecasts.

Citigroup Inc. (NYSE: C) shares were selling to the tune of 83.6 million Thursday, catching up on a full-day average of 486.9 million. Share prices for C dipped 0.3% to $4.39, after announcing it might invest up to $4 billion in consumer businesses next year.

H.B. Fuller Co. (NYSE: FUL) shares fell 3.4% to $20.31, on volume of 251,759 (compared to a full-day average of 337, 240), a day after the manufacturer of adhesives and paints reported a first-quarter profit that missed expectations.

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