BORN kicks higher, MGM has high volume, BPI falters

China New Borun Corp. (NYSE: BORN) shares rose 11.6% to close at $12.02 Monday. Volume for the stock was 874,687 shares, falling short of its full-day average of 1,119,340. BORN is a leading producer and distributor of corn-based edible alcohol in China.

MGM Resorts International (NYSE: MGM) traded in 42,584,466 shares Monday, inching by its daily average of 36,782,900. Prices for MGM faded 0.1 percent to $16.33. Tuesday, MGM will launch M life (www.mlife.com), a loyalty program that leverages the combined power of its resorts in Las Vegas, Mississippi and Detroit.

Bridgepoint Education Inc. (NYSE: BPI) fell 8.7 percent Monday to $16.08. Volume for the stock of 946,302 shares more than doubled its daily average. BPI was among a host of education-based stocks that lost ground Monday.

Tags: BORN, BPI, consumer discretionary, MGM, NYSE

This entry was posted on Monday, January 10th, 2011 at 4:55 pm by Sheryl and is filed under Consumer Discretionary 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.