BORN soars in price, INTC big seller, UQM sinks

China New Borun Corporation (NYSE: BORN) saw a spike in price of 11.8 percent in Thursday afternoon trade to $12.41 Volume of 903,056 shares is to within sight of its daily average of 1,246,800 shares. The Beijing-based producer and distributor of corn-based edible alcohol in China, this week announced third-quarter revenue increased 26.1 percent to RMB417.7 million ($62.3 million U.S.) from RMB331.1 million in the third quarter of 2009. Gross profit increased 31.2 percent to RMB100.9 million ($15.1 million).

Intel Corp. (NasdaqGS: INTC) traded in 48,084,401 shares Thursday afternoon, approaching its usual daily volume of 67,954,000 shares. Shares of the chipmaker fell back 0.38 percent to $21.00. The company announced its storage division has recently added new major wins with five storage vendors, illustrating the company’s momentum around developing advanced integrated storage features and capabilities.

UQM Technologies Inc. (AMEX: UQM) fell in price Thursday by 3.81 percent to $2.02. Volume of 224,907 shares was still shy of UQM’s usual daily volume of 281, 265 shares. The Colorado-based UQM develops of alternative energy technologies.

Tags: alternative energy stocks, amex, BORN, china stocks, INTC, nasdaq, NYSE, Technology Stocks, UQM

This entry was posted on Thursday, November 18th, 2010 at 3:24 pm by Glenn and is filed under Energy 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.