Archive for the ‘Consumer Discretionary Stocks’ Category

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ASCQ ascends, LFBG in front, SUGO sets

Monday, December 6th, 2010

Ascend Acquisition Corp. (OTCBB: ASCQ) rocketed up 382.32 percent to lift its price Monday to 15 cents. Volume of 16,930 shares improved on its daily average of 9,233. The company serves as a vehicle to effect a merger, capital stock exchange, asset acquisition or other similar business combination with a currently unidentified operating business.

Left Behind Games Inc. (OTCBB: LFBG) left many of the other stocks behind, at least in volume, trading in 123.95 million shares, besting its full-day average of 101.85 million shares. The share price nipped up by 3.57 percent to 58-100ths of a cent. LFBG, the world’s leading publisher of Christian video games, announced today that revenues in the current quarter continue to exceed expectations as a result of reorders, projecting sales for the quarter to exceed $1 million.

Sungro Minerals Inc. New (OTCBB: SUGO) saw the luster go from its price Monday, losing 52.54 percent to 5.6 cents. Volume of 1.23 million swarmed its daily average of 186,864. The Rhode Island-based SUGO Friday announced that it has completed a round of bridge funding needed to complete the long expected NI-43101 report as well as providing for the completion of annual payments associated with the maintenance of the property and claims.

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GKK cashes in, F busy, CWBS goes south

Monday, December 6th, 2010

Gramercy Capital Corp. (NYSE: GKK) gained in price by 17.26 percent to $2.65 Monday afternoon. Volume of 1,312,566 shares was nearly than triple its normal full-day average volume. SL Green Realty Corp announced an agreement to purchase investments from Gramercy Capital Corp. for an aggregate price of $390.8 million, including the assumption of $265.6 million in debt.

Ford Motor Company (NYSE:F) was among the volume leaders Monday afternoon, trading in 37,017,402 shares, making headway against its full-day average of 84,057,300. Prices tumbled 60 percent to $16.10 in late afternoon trading.

Commonwealth Bankshares Inc. (NasdaqGW: CWBS) stumbled in price 11.51 percent Monday afternoon to $1.00, on volume of 107,879 shares, nearly nine times its full-day average. Commonwealth Bankshares, Inc. is the parent of Bank of the Commonwealth, a community bank attuned to local issues and can respond to the needs of local citizens and businesses.

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BGP smashes borders, CSCO trades widely, PTN stumbles

Monday, December 6th, 2010

Borders Group Inc. (NYSE: BGP) leaped 25.93 percent late Monday morning to $1.36. Volume of 4,417,506 shares proved five times its normal full-day average volume. Headquartered in Ann Arbor, Mich., through its subsidiaries BGP is a leading specialty retailer of books as well as other educational and entertainment items

Cisco Systems (NasdaqGS: CSCO) was among the volume leaders late Monday morning, trading in 34,577,264 shares, making headway against its full-day average, which is near 69,622,200. CSCO share prices progressed 2.46 percent to $19.54. CSCO and BMC Software today announced a strategic alliance to develop and market new solutions for large-scale multi-tenant cloud computing infrastructures.

Palatin Technologies Inc. (AMEX: PTN) slid in price 17.13 percent Monday to 87 cents, on volume of 63,151 shares, nosing out its full-day average in just the first two hours. PTN is a biopharmaceutical company dedicated to the development of peptide, peptide mimetic and small molecule agonists with a focus on melanocortin and natriuretic peptide receptor systems.

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SIII strong, CMGR active, KOKX conked

Monday, December 6th, 2010

Strategic Internet Investments Inc. (OTCBB: SIII) went skyward 284.62 percent in price to three cents Monday morning. Volume of 4,500 shares in the early going dwarfed its normal three-month daily average of 172. The Company has been devoting its business efforts to real estate development projects located in Bahrain and Turkey.

Camelot Entertainment Group Inc. (OTCBB: CMGR) was chief among active traders in the microcap world early Monday, with 87.78 million shares changing hands. Normal daily volume is around 116.77 million The price for CMGR was flat, however, at three-100ths of a cent.

Koko Ltd (OTCBB: KOKX) was pointed downward Monday morning by 86.49 percent to 10 cents. Volume for the stock was 5,750 shares, close to its full-day average volume of 6,780. KOKX is engaged in the business of designing, manufacturing and marketing a steak timer.

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PSS sparks on earnings news, MOT enjoys great volume, TRR trips

Thursday, December 2nd, 2010

Collective Brands Inc. (NYSE: PSS) improved 15.86 percent in price to close Thursday at $20.38. Volume of 7,659,229 shares was five times its normal full-day average volume. PSS announced Thursday it earned $47.6 million, or 75 cents a share, on the period, up from $36.9 million, or 57 cents a share, in the same quarter last year.

Motorola Inc. (NYSE: MOT) was among the volume leaders late Thursday afternoon, trading in 51,736,649 shares, very nearly doubling its full-day average. MOT shares went down on the day, however, by 0.44 percent to $7.97. Motorola Mobility, the communications subsidiary of Motorola, today said it is buying home networking specialist 4Home.

TRC Companies Inc. (NYSE: TRR) gave back 8.83 percent in price Thursday to $2.58, on volume of 19,585 shares, nosing out its full-day average of 14,556. The Lowell, Mass.-based TRR is a recognized leader in engineering, consulting, and construction management services to the energy, environmental, and infrastructure markets

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