LNG has juice, GE has strong volume, CMT staggers

Posted on Thursday, November 11th, 2010

Cheniere Energy Inc. (AMEX: LNG) gained 0.44 percent in price to close Thursday afternoon at $4.57. Volume in LNG was 4,587,302, more than eight times its normal share volume in one day. The Houston-based LNG last Friday reported a net loss of $40.6 million, or $0.73 per share for the quarter ended September 30, 2010 compared with a net loss of $42.5 million, or $0.80 per share, for the comparable 2009 period.

General Electric Company (NYSE: GE) was among the market’s volume leaders Thursday, with 45,024,341 shares, even though that figure was lower than its three-month daily average of 60,065,800 shares. The company slid 1.21 percent in price to close trading Thursday at $16.35.  Thursday, the company announced plans to use 25,000 electric vehicles in its fleets by 2015.

Core Molding Technologies Inc. (AMEX: CMT) took a thumping in price Thursday, falling 15.77 percent to close at $4.38. Share volume was 49,557, trampling its daily average volume of 3,532. Columbus, Ohio-based CMT reported Q3 net income of $307,000 or $.04 per share, compared with net income of $849,000, or $0.13 per basic share, in the third quarter of 2009.

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