Archive for the ‘Consumer Discretionary Stocks’ Category

GCFB jumps, ATHR sells, AEN ails

Wednesday, January 5th, 2011

Granite City Food & Brewery Ltd (Nasdaq: GCFB) climbed 28.8 percent in price Wednesday to $5.15. Volume of 435,825 shares proved more than 30 times its all-day average. GCFB is a Modern American, upscale casual restaurant chain that operates 26 restaurants in 11 states.

Atheros Communications Inc. (Nasdaq: ATHR) was busy Wednesday, trading in 59,373,397 shares, dwarfing its daily average of 2,139,870. Prices for the stock gained 1.1 percent to $44.50. The firm is under investigation related to the proposed buyout of Atheros by Qualcomm.

Adeona Pharmaceuticals Inc. (AMEX: AEN) dropped 17.3 percent Wednesday to $1.53, on volume of 1,034,404 shares, more than four times its full-day average. AEN is a developer of innovative medicines for serious central nervous system diseases, based out of Ann Arbor, Michigan.

MAG magnificent, F strong, WSCI slips

Wednesday, January 5th, 2011

Magnetek Inc. (NYSE: MAG) shot ahead 13.7 percent in price Wednesday to $1.58. Volume of 381,794 shares proved more than five times its all-day average. The company is a leading provider of digital power and motion control systems.

Ford Motor Company (NYSE: F) traded in 80,027,294 shares, to within spitting distance of its daily average. Prices for the stock gained 3 percent to $17.90. The car maker yesterday reported 2010 sales figures of 1.935 million units, up 19 percent from 2009.

WSI Industries Inc. (Nasdaq: WSCI) dropped 22.1 percent Wednesday to $5.10, on volume of 49,764 shares, eclipsing its full-day average of 30,152. Wednesday, the Company  reported quarterly sales of $5,528,000, a 29.9% increase versus the prior year amount of $4,254,000. Net income was $69,000 versus $163,000 in the prior year first quarter.

BGAT roars ahead, CMGR trades widely, GERS stumbles

Wednesday, January 5th, 2011

Bluegate Corp. (OTCBB: BGAT) ballooned in price 900 percent to five cents Wednesday morning, on volume of 31,000 shares, catching up on daily volume of 7,194. The Company’s strategy is to stabilize its internet connectivity business and pursue expansion of its market outside of the health-care industry.

Camelot Entertainment Group Inc. (OTCBB: CMGR) was a volume leader on Wednesday morning, trading in 243.2 million shares, compared to a full-day average of 253.1 million. Share prices doubled to two-100ths of a cent.

Greenshift Corp. (OTCBB: GERS) dumped 50 percent in price Wednesday to one-100th of a cent. Volume was 4.2 million shares, contrasted with daily average volume of 62.1 million. The Company develops and commercializes clean technologies designed to integrate into and leverage established production and distribution infrastructure to address the financial and environmental needs of its clients.

OPXA soars, C deals, TSTY turns south

Wednesday, January 5th, 2011

Opexa Therapeutics Inc. (Nasdaq: OPXA) shares leaped 80.8 percent to $2.82. Volume of 3.2 million shares, triumphed over usual volume of 70,317. The Woodlands, Texas-based cell therapy company said that after meeting twice with the U.S. Food and Drug Administration, it is preparing a Phase III clinical study of Tovaxin, a drug intended to treat multiple sclerosis.

Citigroup (NYSE:C) was a volume leader Wednesday, trading in 122,929,357, gaining on a full-day average of 538,020,000. Shares gained 0.7 percent to $4.94.

Tasty Baking Company (Nasdaq: TSTY) shed 33 percent to $4.31, on 159,504, compared to usual volume of below 10,000. TSTY announced today that preliminary financial data indicate the Company did not achieve the expected operational cash savings from this bakery during the fourth quarter.

MCP, BAC rally, ZLC fades

Monday, January 3rd, 2011

Molycorp Inc. (NYSE: MCP) gained 10.98 percent in price Monday to $55.38. Volume of 2,794,623 shares trailed only slightly its all-day average of 3,721,040. Colorado-based Molycorp, Inc. is the only rare earth oxide, or REO, producer in the Western Hemisphere and currently produces approximately 3,000 metric tons of commercial rare earth materials per year.

Bank of America Corp. (NYSE: BAC) traded in 93,476,332 shares catching up on its daily average of 212,722,000. Prices for the stock gained 4.87 percent to $13.99, following its announcement that it has agreed to buy back the loans sold by Countrywide Financial Corp., which it acquired during the financial crisis.

Zale Corp. (NYSE: ZLC) went south Monday, losing 6.10 percent in price to $4.00, on volume of 820,376 shares, pulling ahead of its full-day average of 794,515. ZLC is a leading specialty retailer of diamonds and other jewelry products in North America, operating approximately 1,900 retail locations throughout the United States, Canada and Puerto Rico, as well as online.