Posts Tagged ‘LDK’

LDK jumps, JPM busy, DANG slides

Tuesday, January 18th, 2011

LDK Solar Co, Inc. (NYSE: LDK) grew in price 10.7 percent to $13.40. Volume was a hefty 12,730,432 shares, more than twice its full-day volume average, on speculation that the recent buzz out of Germany about feed-in tariff cuts makes a hard cap on solar installations a lot less likely.

JP Morgan Chase & Co. (NYSE: JPM) was a volume leader Tuesday, trading in 40,111,730 shares, surpassing its full-day average of 38,489,000. Prices for the stock were flat at $44.78. This, amid word that Morgan wrongly foreclosed on 14 active-service military families and overcharged thousands more on their mortgages.

E-Commerce China Dangdang Inc. (NYSE: DANG) fell 8.5 percent to $31.00. Volume for the stock was 4,014,004 shares, just below its all-day average of 5,006,680. DANG is a leading business-to-consumer, or B2C, e-commerce company in China.

LDK flies, AA solid, FBP flounders

Monday, January 10th, 2011

LDK Solar Co. (NYSE: LDK) shares rose 18.4% to $12.35 Monday. Volume for the stock was 22,705,047 shares, nearly four times its full-day average, after the Chinese solar-power products manufacturer hiked its fourth-quarter sales outlook.

Alcoa Inc. (NYSE: AA) traded in 52,335,644 shares Monday afternoon, more than double its daily average. Prices for AA inched up 0.3 percent to $16.47. Monday, AA reported Income from continuing operations of $258 million, or $0.24 per share, highest since 2008’s third quarter.

First Bancorp (NYSE: FBP) faded 10.4 percent Monday to $4.85. Volume for the stock of 1,179,549 shares more than quadrupled its daily average.