Archive for the ‘Consumer Discretionary Stocks’ Category

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URRE gains, MSFT had wide trade, RJET grounded

Monday, November 8th, 2010

Uranium Resources Inc. (NasdaqCM: URRE) joined in the general celebratory mood of the uranium industry, gaining 31.43 percent to close Monday’s trading at $2.30. Volume on the day was 9,253,081 shares; its usual volume is 1,481,230. Uranium shares jumped industry-wide after Canadian mining company Cameco (NYSE: CCJ) posted positive third-quarter results. The Uranium Stocks Index is up skyrocketed 11% today.

Microsoft Corporation (NasdaqGM: MSFT) had a busy trading day, with 69,818,771 shares changing hands Monday, compared to a daily average of 61,735,300. MSFT shares slipped in price 15 percent Monday to close at $26.81. The Redmond, Wash. company announced its Microsoft 7 was to go on sale Monday in AT&T and T-Mobile USA stores across the United States.

Republic Airways Holdings Inc. (NasdaqGS: RJET) gave back 13.89 pecent in price to $7.81, on volume of 2,500,325 shares. RJET’s normal volume is around 418,782. Despite high volume, the Company saw sliding stock prices after announcing plans to sell 12 million shares in a public offering to help finance the purchase of new jets.

Read more: Republic Airways to offer 12M shares | Business First

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UEC forges ahead, LVS has strong volume, GSI slumps

Monday, November 8th, 2010

Uranium Energy Corp. (AMEX: UEC) enjoyed Monday, tacking on 31.02 percent to greet the final minutes before the closing bell at $6.04. Volume was 2,479,297shares, or nearly four times its daily average over the last three months. In October, the Texas-based UEC announced that it had completed its previously announced private placement financing involving the sale of an aggregate of 8,111,313 units of the Company (each a “Unit”), at a price of $3.40 per Unit, for gross proceeds of $27,578,464.20.

Las Vegas Sands Corp. (NYSE: LVS) gained 1.56 percent approaching Monday’s final bell to $52.79. Volume was 64,079,528 shares, or more than double its three-month daily average. Last week, LVS announced a quarterly dividend payment of $2.50 per share on its outstanding 10% Series A Cumulative Perpetual Preferred Stock to stockholders of record at the close of business on Tuesday, November 2.

General Steel Holdings (NYSE: GSI) skidded 7.43 percent in price to $2.74 near the close on Monday. Volume for the stock was 1,053,064 shares, in contrast to a three-month daily average of 278,970 shares. The drop comes amid word of third-quarter results out Monday, which showed gross margin improved to 3.4% from 1.5% in the previous quarter. Income from operations for the Beijing-based company increased to $6.0 million for the third quarter from a loss of $6.3 million in the second quarter and a loss of $6.4 million in the first quarter of 2010

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WSP keeps gaining, MGM among volume leaders, IIIIU slides

Monday, November 8th, 2010

WSP Holdings Limited (NYSE: WH) sprinted ahead 14.39 percent Monday to register at $1.59 soon before the closing bell. Volume was 313,312 shares, more than triple its daily average. WSP Holdings is a leading Chinese manufacturer of API (American Petroleum Institute) and non-API seamless casing, tubing and drill pipes used in oil and natural gas exploration.

MGM Resorts International (NYSE: MGM) got traction in late Monday trading, moving up 6.77 percent to $12.93. Volume of 76,693,483 shares dwarfed its three-month daily average of 27,642,800. The company announced last week that it has closed its previously-announced sale of four long-term ground leases and their respective underlying real property parcels at The Borgata Hotel Casino & Spa in Atlantic City, New Jersey.

Information Services Group Inc. (NasdaqGM: IIIIU) sank 23.48 percent late Monday to $6.68. Volume was 113,778 shares. The stock’s three-month daily average was not available at press time. The Stamford, Conn. Company was founded in 2006 to build an industry-leading, high-growth, information-based services company by acquiring and growing businesses in advisory services, including strategy, implementation and management, and market information, including market measurement, analytics and related products and services.

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CTLI, SHNL jump, CPMCF dips

Monday, November 8th, 2010

Compress Technologies Inc. (Pink Sheets: CTLI) achieved a new 52-week trading high late Monday afternoon by gaining 1,233.33 percent to $2.00, on a modest 2,000 shares. Compress Technologies, Inc., is a Pompano Beach, Florida-area technology based company, which has acquired VMSK Technology as well as the rights to Nano Technology, MSB, 3PRK and other technologies.

Shentang International, Inc. (SHNL.OB) leaped 600 percent Monday afternoon to 3.5 cents, on volume of 28,500. The stock’s 52-week trading range runs from half a cent to $2.525. The Chinese-based Shengtang engages in design, source for production and sale of glass products, which are used as festival gifts, home decorations and craftworks

Coastal Pacific Mining Corp. (CPMCF.OB) plummeted 38.67 percent in price to 19 cents in Monday trading, on volume of 50.15 million shares. The stock’s 52-week trading range has peaked around 82 cents. The Calgary-based miner announced it has completed $1,000,000 of a $2,000,000 private financing for operations and exploration of its properties. 

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Afternoon Buzz: VRML, STRC more robust, Ford among volume leaders, CBAN ailing

Monday, November 8th, 2010

Vermillion Inc. (NasdaqGM: VRML) rocketed up 35.71 percent to $6.65 in mid-afternoon trading on Monday. The company traded in 478,809 shares, more than tripling its three-month daily average of 100, 048. The company, based in Fremont, Calif., and makes diagnostics tests that help physicians to diagnose and treat patients, has an earnings conference call set for Thursday morning.

SRI/Surgical Express Inc. (NasdaqGM: STRC) tacked on 25.81 percent to $3.90 Monday, on volume of 45,785, easily trumping its three-month average of 3,464 shares. The Tampa-based provider of reusable surgical device reprocessing services responded to a proposed takeover bid, by adopting a Shareholder Rights Plan and declaring a dividend of one right on each outstanding share of the Company’s common stock.

Ford Motor Company (NYSE: F) was among the volume leaders mid-afternoon Monday with 106,306,518 shares traded. Normal daily volume for the carmaker is 65,873,900 shares. F shares prospered 0.99 percent to $16.37. Ford said Monday it is launching a 60-city tour to push its 2011 F-150 Roundup. Potential buyers can sign up for a Ford representative to bring the truck to the participant’s house or place of work for a 30-minute drive.

Colony Bankcorp Inc. (NasdaqGM: CBAN) dropped 16.98 percent in price Monday afternoon to $4.04. Volume for CBAN was a mere 553, compared to a three-month daily average of 1,838. The regional bank, based in Fitzgerald, Georgia, last reported earnings in late October, and it was not pretty. CBAN’s net loss was $1,384,000, or $(0.16) per diluted share for the third quarter of 2010, down from Q3 2009 net income of $18,000, or $0.00 per diluted share.

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