Archive for the ‘Consumer Discretionary Stocks’ Category

SPEC takes flight, T tilting, GT punctured

Monday, March 28th, 2011

Spectrum Control Inc. (Nasdaq: SPEC) shares rallied 39.9% to $19.60. Volume was an incredible 3.2 million, given its usual volume around 73,000. This, after API Technologies Corp. said it would pay $20 a share for the electronic-products maker.

AT&T Inc. (NYSE: T) traded in 41.6 million shares, compared to an average of 27.9 million. Shares of T gained 1.8% to $29.38, as Sprint Nextel criticized T’s proposed takeover of rival T-Mobile USA.

Goodyear Tire & Rubber Co. (NYSE: GT) shares shed 5.6% to $14.58, on volume of 13.2 million – double its usual daily volume — after the tire maker said it is making a public offering of $435 million of mandatory convertible preferred stock.

NVGN mushrooms, CSCO popular, TSTY fails to rise

Monday, March 28th, 2011

Novogen Limited (Nasdaq: NVGN) vaulted an incredible 145.3% in price Monday afternoon to $2.60, on volume of four million shares, trampling over an average of less than 140,000 a day.

Cisco Systems Inc. (Nasdaq: CSCO) dealt in 30.9 million shares by post-lunch hour Monday, compared to a daily average of 71.5 million shares. CSCO shares sold for $17.31, or just 0.1% more than they closed on Friday, as CSCO showed up on a short list of “insanely cheap tech stocks” posted by the site known as Minyanville.

Tasty Baking Company (Nasdaq: TSTY) fell without a parachute Monday afternoon, losing 14.8% in price to $1.78. Volume of just over 209,000 more than doubled its daily average, after delaying the release of its annual report.

EK in picture, C rumbles, CBEH wobbles

Monday, March 28th, 2011

Eastman Kodak Co. (NYSE: EK) shares rallied 10.9% to $3.77. Volume of nearly 39 million shares during the morning proved nearly quadruple its full-day average. The U.S. International Trade Commission said Friday it will review a patent decision that went against Kodak in January.

Citigroup Inc. (NYSE: C) dealt in nearly 78 million shares early Monday, rapidly gaining on a full-day average of 487.2 million. Share prices for C, however, stumbled 0.8% to $4.43, amid word of a drop in short interest for Citi and Bank of America.

China Integrated Energy Inc. (Nasdaq: CBEH) share prices trailed Friday’s close by 24.6% to $2.83, on volume of 3.8 million shares, dwarfing its all-day average of 853,489.

RURL in a whirl, VRGY in crosshairs, FUQI in a funk

Monday, March 28th, 2011

Rural/Metro Corporation (NASDAQ: RURL) shares leaped 36.3% to $17.11. More than four million shares changed hands in the first hour, overwhelming a full-day average around 91,000, after it announced it has entered into a definitive agreement for the acquisition of the Company by the private equity firm Warburg Pincus in an all-cash transaction.

Verigy Ltd. (Nasdaq: VRGY) was among the volume leaders in the early going Monday, trading in 9.1 million shares, compared to a full-day average of 1.2 million. Share prices were up 0.4% to $14.23, amid stories Advantest was to buy Verigy for $1.1 billion.

Fuqi International Inc. (Nasdaq: FUQI) shares fell 5.7% to $3.17. Share volume topped 883,000, trumping its average of 568,635. The Chinese jewelry company again delayed the filing of its restated 2009 results, citing an internal investigation of cash transfers.

PSTR rocks, F rolls, CNIT hobbles

Thursday, March 24th, 2011

PostRock Energy Corp (Nasdaq: PSTR) shares rose 19.6% to $5.98. Volume for the stock was 258,000, better than twice its daily volume. The company was identified Wednesday by Zacks Investment Research as having the lowest forward price-to-earnings ratio of companies in the energy exploration industry.

Ford Motor Company (NYSE: F) traded in 106.7 million shares, topping its all-day average of 87.1 million. Share prices for F climbed 5.2% to $15.05

China Information Technology Inc. (Nasdaq: CNIT) shares got bruised 13.8% to $2.69, on volume of 2.3 million, or eight times its average