Archive for the ‘Consumer Discretionary Stocks’ Category

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MSSR gets a bite, INTC softens, RVSN stumbles

Monday, April 4th, 2011

McCormick & Schmick’s Seafood Restaurants, Inc. (Nasdaq: MSSR) shares gained 29.2% to $9.20, on volume of 515,736 shares, overwhelming an average of 78,167, after Landry Restaurant Inc.’s chief executive said he planned to launch a hostile bid for the restaurant chain.

Intel Corp. (Nasdaq: INTC) traded in 25.1 million shares before the lunch break Monday, compared to a daily average of 61.4 million. Share prices were down 1.6% to $19.42, after its estimates were reduced at Sterne, who assigned a buy rating and $28 price target.

RADVision Ltd. (Nasdaq: RVSN) shares plummeted 12% to $10.53, on volume of 212,160 shares, its daily average below 60,000. The company announced today that based on preliminary results, RVSN expects to report revenues for the first quarter of 2011 of approximately $20.5 to $21.0 million. As a result, the net loss for the first quarter of 2011 is expected to range from $0.15 to $0.19 per diluted share on a GAAP basis and from $0.10 to $0.14 per diluted share on a non-GAAP basis.

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Viva VVUS, C active, AMIE earthward

Monday, April 4th, 2011

Vivus Inc. (Nasdaq: VVUS) shares rose 11.7% to $7.05 early Monday morning, on volume of 6.4 million shares, or double its all-day average. This, after the company said its experimental weight-loss drug yielded positive results and helped cut blood pressure.

Citigroup Inc. (NYSE: C) was an early volume leader Monday, dealing in 79 million, compared to a daily average of 494.6 million. Share prices slid 0.5% to $4.43,

Ambassadors International Inc. (Nasdaq: AMIE) shares tumbled 69.6% to 85 cents, on volume of 2.5 million shares, towering over a daily average around 101,000, after the parent of Windstar Cruises filed for bankruptcy protection on Friday.

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ACXM pops, ORCL over its average, MTOR moves down

Thursday, March 31st, 2011

Acxiom Corp. (Nasdaq: ACXM) shares rose 6.8% to $14.42. Volume was 3.5 million shares, or six times its daily average, after BMO Capital Markets Ltd. upgraded the computer-services company from market perform to outperform.

Oracle Corporation (Nasdaq: ORCL) did 28.2 million shares worth of business Thursday, just besting its daily share average of just below 26 million. ORCL prices moved up 1.4% to $33.52.

Meritor Inc. (NYSE: MTOR) shares fell 15.1% to $17.00, on volume of 11.3 million shares, compared to a daily average of 2.3 million, after the auto-parts supplier lowered its second-quarter earnings forecast. The former ArvinMeritor also said it would close its European trailer axle business.

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TSLA in motion, C in controversy, GMR stuck

Thursday, March 31st, 2011

Tesla Motors Inc. (Nasdaq: TSLA) shares added 19.9% to $28.42, on volume of 5.2 million shares, or four times its full-day average, after Morgan Stanley upgraded the electric-car maker to overweight from equal weight.

Citigroup Inc. (NYSE: C) bought and sold 149.2 million shares Thursday, still pursuing a daily average of 490 million. C shares trailed Wednesday’s close by 1% to $4.41. C was at the center of the deal between Berkshire Hathaway and Lubrizol, making it a key figure in the story surrounding the departure of Buffett lieutenant David Sokol.

General Maritime Corp. (NYSE: GMR) shares fell 3.2% to $2.09, on volume of 7.4 million shares, triple its daily average, a day after the debt-riddled oil carrier shipper said Oaktree Capital Management would invest $200 million in the firm.

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PRAN makes hay, SIRI sells, KNDI hobbled

Thursday, March 31st, 2011

Prana Biotechnology (NASDAQ : PRAN) vaulted 7.6% to $2.83, on volume of 2.5 million or 2 ½ times its daily average. This, after announcing that the Alzheimer’s Drug Discovery Foundation will provide Prana with a mission-related investment of $700,000 over two years to conduct a clinical trial investigating the potential of PBT2 to reduce the accumulation of beta-amyloid in the brain of people with Alzheimer’s Disease.

Sirius XM Radio Inc. (Nasdaq: SIRI) beamed out 43.6 million shares Thursday, catching up on its daily average of 52.6 million. Prices subsided, though, 4.1%, to $1.64, amid word that its antitrust lawsuit has been approved for class-action status.

Kandi Technologies, Corp. (NASDAQ: KNDI) shares dipped 12.5% to $2.95. Volume for KNDI was 367,558, closing the gap with its daily average of around 380,000, after it reported 2010 revenues increased 26.8% to $42.9 million. On a non-GAAP basis, which excludes certain warrants, options and convertible notes related charges, the Company reported 2010 adjusted net income of $5.0 million, up 76% from the prior year.

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