Archive for the ‘Financial Stocks’ Category

XETA skyward, BAC busy, MOTR motors in reverse

Wednesday, February 9th, 2011

Xeta Technologies Inc. (Nasdaq: XETA) shares galloped 40.9% to $5.41. Volume for the stock was 484,833 shares, compared to an all-day average of 14,000, after the announcement that Paetec Corporation was to purchase XETA for $61 million.

Bank of America Corp. (NYSE: BAC) traded in 33.8 million shares Wednesday, pursuing its average of 192.4 million. Prices faded 0.3% to $14.56

Motricity Inc. (Nasdaq: MOTR) shares were off 23.3% to $16.90 Wednesday. Volume was 7.8 million shares, waltzing over a full-day average of 1.3 million, after the provider of wireless-data services projected first-quarter sales beneath analysts’ estimates late Tuesday.

ATML vaults, C clicks, SWIR swoons

Wednesday, February 9th, 2011

Atmel Corp. (Nasdaq: ATML) shares rallied 9.8% to $16.10. Volume for the stock was 14.6 million shares, compared to an all-day average of 10.3 million, after the maker of computer chips used in household devices reported fourth-quarter earnings that beat Wall Street’s expectations late Tuesday.

Citigroup Inc. (NYSE: C) traded in 64.1 million shares, making it a volume leader, but still below its average of 546 million. Prices demurred 0.5% to $4.86.

Sierra Wireless Inc. (Nasdaq: SWIR) shares declined 26% to $11.47, on volume of 3.6 million shares, squashing its daily average of 260,000, after the wireless-modem maker reported fourth-quarter profit that missed estimates late Tuesday.

CNA skyrockets, GE gains, PSDV wobbles

Monday, February 7th, 2011

CNA Financial Corp. (NYSE: CNA) leaped 8.7 percent to $30.15, on volume of 1.1 million, compared to daily average of 197,930, after the company on Monday reported fourth-quarter results that beat Wall Street’s expectations.

General Electric Company (NYSE: GE) traded in 41.1 million shares Monday, making it a volume leader, but still below its average of 60 million. Prices improved 1.5 percent to $20.87, after the company revealed its China aviation partner was actively seeking U.S. deals.

pSivida Corp. (Nasdaq: PSDV) dropped 7.2 percent to $4.10 Monday. Volume for the stock was 252,593 shares, roundly beating its daily average of 143,541, just days after announcing positive results from tests on its Iluvien diabetes medication.

PFMS flies, STHG steady, ABPA drops

Monday, February 7th, 2011

PaperFree Medical Solutions Inc. (Pink Sheets: PFMS) ripped loose from the pack Monday, gaining 26.3 percent to 24-100ths of a cent, in trading of 131.5 million shares, more than 11 times its average.

Stratton Hldg Inc. (Pink Sheets: STHG) has had quite the day for business among micro-caps, trading in 113.8 million shares, compared to a daily average of 6.4 million. Share prices vaulted 16.7 percent to 11-100ths of a cent.

Allegiance Bank of North America (OTCBB: ABPA) hurtled earthward in price by 56 percent to 11-100ths of a cent Monday, on volume of 650,000 shares, compared to a daily average of 81,661. ABPA is a federally-chartered mid-tier holding company.

AIG scales heights, MU busy, SYY sighs

Monday, February 7th, 2011

American International Group Inc. (NYSE: AIG) shares gained 5.8 percent to $42.33. Volume was 9.2 million shares, compared to a normal volume of 8.2 million.

Micron Technology Inc. (Nasdaq: MU) traded in 33.6 million shares, making it a volume leader Monday, but still trailing a daily average of 35.3 million. Share prices were up 2.3 percent to $11.30, after Morgan Stanley projected prices reaching $12.50 and fixed an Overweight rating.

Sysco Corp. (NYSE: SYY) shares fell 6.1 percent to $28.12, on volume of 14.9 million shares, quadruple its daily average, after the food distributor reported a second-quarter profit beneath analysts’ expectations.