Archive for the ‘Financial Stocks’ Category

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MCBF in green, INTC popular, SLAB slips

Wednesday, January 26th, 2011

Monarch Community Bancorp (Nasdaq: MCBF) shares skyrocketed 65.4 percent to $2.20, on volume of 153,590 shares, dwarfing a daily average of less than 5,000. Tuesday, the bank returned to profitability in the fourth quarter of 2010, after six successive quarters of losses. Net income for the quarter was $76,934, compared to a loss of $(17.5) million for the same period a year ago.

Intel Corporation (Nasdaq: INTC) exchanged 18.8 million shares Wednesday, compared to a daily average of nearly 55 million. Share prices improved 1.2 percent to $21.82, after the company was upgraded at BMO from Market Perform to Outperform.

Silicon Laboratories Inc. (Nasdaq: SLAB) shares dove 9.1 percent to $43.28, on volume of 1.3 million – nearly three times its daily average — after reporting revenue of $112 million for the fourth quarter and record revenue for the full year of $493 million.

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KEYN unlocks profits, C deals, MIPS mopes

Wednesday, January 26th, 2011

Keynote Systems Inc. (Nasdaq: KEYN) shares rallied 24.6 percent to $18.67, on volume of 330,784 shares, or better than four times its normal daily average. Late Tuesday, the maker of online-monitoring systems reported first-quarter earnings that beat consensus expectations.

Citigroup Inc. (NYSE: C) took its place among the volume leaders early Wednesday, trading in 81.3 million shares, catching up on its full-day average of 553.2 million. Share prices for C were up 0.6 percent to $4.85, on word from the Treasury Dept. that the nation is set to record a net $312.2 million from its sale of its final 465.1 million warrants to purchase common shares of C.

MIPS Technology (Nasdaq: MIPS) dipped 11.6 percent to $13.32 Wednesday. Volume for the stock was 3.5 million shares, already surpassing its daily average of 3 million. Tuesday, MIPS declared it earned $6 million, or 11 cents per share, compared with $3.3 million, or seven cents per share, a year ago.

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WG wild and good, PFE popular, CPF reacts to proposed split

Monday, January 24th, 2011

Willbros Group Inc.(NYSE: WG) shares rose 15.2% to $11.47 Monday. Volume for the stock was 1.4 million, swallowing up a full-day average of 579,364, after Johnson Rice hiked its view of the oil-industry contractor to overweight from equal-weight.

Pfizer (Nasdaq: PFE) dealt in 36.8 million shares Monday, just shy of its full-day average of 45.4 million. Share prices were up 0.3 percent to $18.42, after Mylan Inc. said Monday it is now shipping a generic version of Pfizer Inc.’s heartburn drug Protonix.

Central Pacific Financial Corporation (NYSE: CPF) went south 10.6 percent to $1.61 Monday. Volume for the stock was 584,318 shares, doubling its daily average, after Friday letting out word of plans for a reverse stock split.

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MCET soars, CCTR busy, WFSC goes south

Monday, January 24th, 2011

Multi-Cell Technologies Inc. (OTCBB: MCET) moved skyward 31.7 percent Monday to 1.04 cents. Volume for the stock was 32.6 million shares, in contrast to a daily average of 5.34 million. MCET has specialized in developing main liver cell immortalization technologies to produce cell-based assay systems for use in drug discovery.

China Crescent Enterprises Inc. (OTCBB: CCTR) dealt in 219.3 million shares, making it among the most widely traded of micro-caps Monday. Normal share average was 41.1 million. Prices reached 21-100ths of a cent, up 10.5 percent from Friday.

Weststar Financial Services Corp. (OTCBB: WFSC) retreated 80.8 percent to five cents Monday. Volume was 58,450 shares, or nearly 10 times its full-day average. The Company provides consumer and commercial banking services in Buncombe County and surrounding areas

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CLDA jumps, C busy and sells, WWE pinned

Monday, January 24th, 2011

Clinical Data Inc. (Nasdaq: CLDA) shares rallied 57.68 percent Monday to $23.70. Volume was 7,637,288 shares, overwhelming a daily average of 240,736, after the company’s antidepressant received approval Friday from the U.S. Food and Drug Administration.

Citigroup Inc. (NYSE: C) dealt in 104,749,584 shares, compared to its full-day average of 552,485,000. Share prices dipped 0.6 percent at $4.86, on word that today may be the last day of Uncle Sam’s ownership ties to Citigroup.

World Wrestling Entertainment Inc. (NYSE: WWE) shares lost 9.48% to $12.22. Volume for the stock was 791,108, more than twice its full-day average, after the producer of wrestling matches late Friday projected fourth-quarter earnings below expectations.

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