Archive for the ‘Consumer Discretionary Stocks’ Category

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BBDA vaults, MNGPY sells like hotcakes, ANTX tanks

Friday, November 5th, 2010

Bebida Beverage Co. (Pink Sheets: BBDA) experienced a 120-percent leap in afternoon trading to 2.2 cents, on 112,209 shares. Average volume was not available at press time. BBDAdevelops, manufactures and markets beverages such Koma Unwind “Chillaxation Drink™,” Koma Unwind Sugar-free “Chillaxation Drink™,” and Koma Unwind “Chillaxation Shot™,” among other drinks.

Man Group Plc (Pink Sheets: MNGPY) had a commanding position among small cap stocks, selling a brisk 1,710,699 shares Friday, even though those shares were flat at $4.80. Over the past 10 years, Man has built a significant managed accounts platform as an investor, in contrast to the flow driven business model of other providers which tend to focus less on the underlying investment management application.

AcuNetx, Inc. (Pink Sheets: ANTX) tumbled 95.96 percent in price, proving the Pink Sheets’ biggest losers, as Friday’s trading came to a close, to 0.0012. Volume was 60,500 shares. The Torrance, California company makes surgical and medical instruments.

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CBKN, WWON, BAC cruise, GCA slumps

Thursday, November 4th, 2010

Capital Bank Corporation: (NasdaqGS: CBKN) enjoyed a banner day Thursday, rocketing up in price 52.44 percent to close at $2.50, on unusually active volume of 460,185, more than 11 times its normal daily average The Raleigh-based regional bank announced Thursday it will sell an 85-percent stake in itself to privately-held North American Financial Holdings Inc., a holding company that will invest $181 million in Capital Bank and take over leadership of the 33-branch institution.

Westwood One Inc. (NasdaqGM: WWON) gained 27.82 percent in price Thursday to close at $11.12. Volume was 13,294, slightly below average. WWON supplies radio television stations with information services and programming. The Company, an outsource provider of traffic reporting services, produces and distributes national news, sports, talk, music, and special event programs.

Bank of America Corporation (NYSE: BAC) was also quite the active trader on a very busy Thursday, with 306,970,976 shares changing hands, nearly twice the business it would do on an average day. Besides being one of the leaders in volume, BAC boosted its price 5.3 percent to close at $12.13. Financial stocks in general extended Thursday gains after a report that the government might allow some of the larger institutions to resume dividend payments.

Global Cash Access Holdings, Inc. (NYSE: GCA) tumbled 22.87 percent Thursday to close at $2.90, on heavy share volume of 5,448,124, at least nine times its average. The news came just ahead of a third-quarter earnings call, scheduled for 5 p.m. ET, an hour after the market closed. GCA supplies cash access products and related marketing services to the gaming industry.

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CFS, ARTG, IIIIU lead midday gainers parade Tuesday

Tuesday, November 2nd, 2010

Comforce Corp. (AMEX: CFS) advanced 51.86 percent to $2.46, as the clock approached noon ET, on 621,038 shares, compared to a daily average of 9,408 shares. The volume and sharp rise comes amid news that the company agreed to be taken over by an affiliate of ABRY Partners for $2.50 per share of common stock, a premium of approximately 77.4 percent over Comforce’s 30-day average closing stock price, and a 52-week high for the issue. Comforce Corporation is a leading provider of outsourced staffing management services.

Art Technology Group Inc. (Nasdaq: ARTG) leaped 45.37 percent by midday to $5.96, on volume of 59,981,921shares, towering above its three-month daily average of 1,135,700 shares, on the verge of an announcement that Oracle was about to buy ATG for $1 billion, thus adding the maker of e-commerce software to Oracle’s business-software offerings. Oracle will pay $6 a share, a 46 percent premium to Monday’s closing price and a level last seen in 2001 as the Internet bubble was still deflating.

Information Services Group, Inc. Units (Nasdaq: IIIIU) was ahead 24.48 percent to $3.86 nearing lunchtime in New York, on volume of 3,616 shares. The industry-leading information-based services company will release its third-quarter 2010 financial results on Tuesday, November 9. Neither the stock’s 52-week range nor average volume was available at press time.

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CFS, ARTG, CCUR – Buzz Stocks With Unusual Activity

Tuesday, November 2nd, 2010

Comforce Corp. (AMEX: CFS) advanced 53.71% in the opening half-hour of trading to $2.49, on 299,974 shares, compared to a daily average of 9,408 shares. The volume and sharp rise comes amid news that the company agreed to be taken over by an affiliate of ABRY Partners for $2.50 per share of common stock, a premium of approximately 77.4% over Comforce’s 30-day average closing stock price, and a 52-week high for the issue. Comforce Corporation is a leading provider of outsourced staffing management services.

Art Technology Group Inc. (Nasdaq: ARTG) leaped 45.49% to $5.97, on volume of 41,975,948 shares, towering above its three-month daily average of 1,135,700 shares, on the verge of an announcement that Oracle was about to buy ATG for $1 billion, thus adding the maker of e-commerce software to Oracle’s business-software offerings. Oracle will pay $6 a share, a 46% premium to Monday’s closing price and a level last seen in 2001 as the Internet bubble was still deflating.

Concurrent Computer Corporation (Nasdaq: CCUR) took it on the chin 30.43% to $4.80 in the first hour of trading, on early volume of 262,578, compared its daily three-month average of 32,128 shares. The news comes a day after Concurrent declared disappointing third-quarter figures. The company, a worldwide leader in video and media data and advertising solutions, reported revenue for the quarter of $15.5 million, with a loss of 14 cents a share. The stock’s 52-week range bottomed out at 3.38 and peaked at 7.31

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Friday’s Market Movers – (FMR, IIIIU, STMP, CSTR)

Friday, October 29th, 2010

First Mercury Financial Corporation (NYSE: FMR) Surged 43.49% to $16.30 on news that Toronto’s Fairfax Financial Holdings Ltd. agreed to buy First Mercury for $294 million cash. First Mercury serves specialized niches of the insurance industry and Fairfax chief executive Prem Watsa says it’s an opportunistic purchase.

Information Services Group, Inc (NasdaqGM: IIIIU) climbed 39.39% to $2.30 this Friday on 644 volume. Information Services Group, Inc. an industry-leading, information-based services company, confirmed Wednesday that it will release its third quarter 2010 financial results on Tuesday, November 9, 2010.

Stamps.com Inc. (NasdaqGS: STMP) shares advanced 10.88% to $16.00 after the online seller of postage stamps announced special dividend of $2.00 per share on Thursday. The Board of Directors approved the special dividend to distribute excess cash from the Company’s capital structure, and to allow shareholders to take advantage of the current low dividend tax rate.

Coinstar, Inc. (NasdaqGS: CSTR) a leading provider of automated retail solutions rose 25.18% to $57.91 on news they beat the 50-cent average of seven analysts’ estimates compiled by Bloomberg. The owner of Redbox movie-rental kiosks sales climbed 42 percent to $380.2 million. DVD revenue jumped 54 percent.

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