Archive for the ‘Energy Stocks’ Category

QXM climbs, S steady, AVL settles back

Thursday, January 6th, 2011

Qiao Xing Mobile Communication Co., Ltd. (NYSE: QXM) grew 14.1 percent in price Thursday to $5.75. Volume of 1,242,177 shares proved better than five times its normal daily volume. QXM is among the leading players in the molybdenum-mining business.

Sprint Nextel Corp. (NYSE: S) did fair volume Thursday, trading in 54,001,396 shares, nosing out its daily average. Prices for the stock inched up 0.7 percent to $4.65, after revealing its leading role in collaboration with UL Environment in the development of a new international sustainability standard for mobile devices.

Avalon Rare Metals Inc. (AMEX: AVL) was punished 12.3 percent in Thursday trading to $6.40. Volume for the stock was 6,431,980 shares, nearly five times its daily average. AVL is a mineral exploration and development company focused on rare metals deposits in Canada.

GSL grows, CSCO trades, PEIX plummets

Thursday, January 6th, 2011

Global Ship Lease, Inc. (NYSE: GSL) grew 14.1 percent in price Thursday to $5.75. Volume of 1,242,177 shares proved better than five times its normal daily volume. GSL is a London-based a containership charter owner.

Cisco Systems Inc. (Nasdaq: CSCO) traded in 54,783,485 shares by late afternoon Thursday. While this put CSCO among the volume leaders, it was still below its daily average of 71,315,200. Prices for the stock gained 0.8 percent to $20.95. Verizon Wireless and Cisco today announced Verizon Wireless will be the first service provider to deliver a fourth-generation (4G) wireless version of Cisco Cius™, a purpose-built, mobile collaboration business tablet that will be available in Spring 2011.

Pacific Ethanol Inc. (Nasdaq: PEIX) fell 11.8 percent in Thursday trading to 91.69 cents. Volume for the stock was 6,410,502 shares, nearly triple its daily average. PEIX is leading West Coast marketer and producer of low-carbon renewable fuels.

VRX jumps, NVDA busy, REE falls

Thursday, January 6th, 2011

Valeant Pharmaceuticals International (NYSE: VRX) grew 16 percent in price Thursday to $34.75. Volume of 13,353,461 shares nearly quadrupled normal volume. Canada-based VRX is a multinational specialty pharmaceutical company that develops, manufactures and markets a broad range of pharmaceutical products primarily in the areas of neurology, dermatology and branded generics.

NVIDIA Corp. (Nasdaq: NVDA) did lots of business late Thursday, with 68,704,486 shares traded, four times its daily average. Prices for the stock gained 11.7 percent to $18.97. NVIDIA today announced the expansion of its NVIDIA® 3D Vision™ ecosystem with the addition of new 3D-enabled PCs and monitors by Lenovo.

Rare Element Resources Ltd. (AMEX: REE) fell 13.7 percent in Thursday trading to $13.85. Volume for the stock was 9,941,563 shares, nearly doubling its daily average. REE announced final 2010 assay results from seven additional rotary (reverse circulation) holes drilled on the Sundance Gold Project, Wyoming.

DQ gains, F deals, RES takes header

Thursday, January 6th, 2011

DAQQ New Energy Corp. (NYSE: DQ) shot 19.4 percent in price Thursday to $13.46. Volume was 1,361,295 shares, nearly triple normal volume. DQ a leading polysilicon manufacturer based in China that aims to become a vertically integrated photovoltaic product manufacturer.

Ford Motor Company (NYSE: F) was a volume leader late Thursday, with 75,257,554 shares traded, just shy of its daily average of 82,335,800. Prices for the car maker’s stock gained 1.7 percent to $18.20, amid word F was closing in on Toyota’s number-one position in U.S. sales.

RPC Inc. (NYSE: RES) tottered 11.2 percent in Thursday trading to $16.35. Volume for the stock was 1,884,038 shares, besting its daily average by more than 50 percent. RPC provides a broad range of specialized oilfield services and equipment primarily to independent and major oilfield companies.

IBCP higher, BAC busy, MCP downward

Thursday, January 6th, 2011

Independent Bank Corp. (Nasdaq: IBCP) shot 42 percent in price Thursday to $2.30. Volume of 859,892 shares trounced its daily average of 140,452. IBCP is the holding company of Independent Bank, a Michigan-based community bank.

Bank of America (NYSE: BAC) was again among the volume leaders, trading in 156,548,729 shares, catching up on a full-day average of 218,378,000. Prices for the stock lost one percent to $14.36.

Molycorp Inc. (NYSE: MCP) fell 11% to $54.00 Thursday, on volume of 9,154,013 shares, better than double its daily average. Colorado-based MCP is the only rare earth oxide, or REO, producer in the Western Hemisphere.