Archive for the ‘Financial Stocks’ Category

HMG hums, MSFT strong as usual, VOL loses some voltage

Thursday, January 20th, 2011

HMG/Courtland Properties Inc. (AMEX: HMG) gained 17.3 percent Thursday to $6.04, on volume of 121,152 shares, more than 24 times its full-day average.

Microsoft Corporation (Nasdaq: MSFT) dealt in 57,505,354 shares, to within a few aces of its full-day average of 57,739,400. Share prices were flat at $28.35.

Volt Information Services Inc. (NYSE: VOL) dipped 17.1 percent to $6.36 Thursday. Volume was 988,964 shares, better than 12 times its daily average. VOL is a leading provider of global infrastructure solutions in technology, information services and staffing acquisition for its FORTUNE 100 customer base.

CT gallops, CSCO active, KUN mum

Thursday, January 20th, 2011

Capital Trust Inc. (NYSE: CT) improved 16.8 percent Thursday to $2.16 Volume of 329,904 shares bested its full-day average of 138,500. CT is a real estate finance and investment management company that specializes in credit sensitive structured financial products.

Cisco Systems Inc. (Nasdaq: CSCO) dealt in 44,648,109 shares, short of its full-day average of 69,622,200. Share prices were flat at $20.84.

China Shenghuo Pharmaceutical (AMEX: KUN) dipped 21.6 percent to $1.38. Volume was 262,948 shares, four times its daily average. When approached to comment on this unusual market activity, KUN told reporters that is not its policy to discuss activity.

FUQI goes farther, INTC trades widely, LPHI under spotlight

Thursday, January 20th, 2011

Fuqi International Inc. (Nasdaq: FUQI) improved 14 percent Thursday to $5.73. Volume of 1,098,559 shares was a 40-percent boost on its full-day average.

Intel Corp. (Nasdaq: INTC) was a volume leader Thursday, dealing in 37,626,398 shares, short of its full-day average of 55,284,200. Share prices skidded 0.6 percent, however, to $20.89, on word the chip-maker was seen as winning E.U. acceptance for its deal to acquire McAfee.

Life Partners Holdings Inc. (Nasdaq: LPHI) shares peeled off 17.2 percent to $12.45. Volume was 539,205 shares, triple its daily average, on word the company is under investigation by the SEC.

MOBI clicks, FITB active, IBCP tumbles

Thursday, January 20th, 2011

Sky-Mobi Limited (Nasdaq: MOBI) shot 12.9 percent higher Thursday to $5.83. Volume of 1,239,238 shares proved better than double its full-day average. MOBI operates the leading mobile application store in China.

Fifth Third Bancorp (Nasdaq: FITB) dealt in 73,558,234 shares, six times its full-day average. Share prices dipped 1.6 percent to $14.38, after revealing it had repaid $1.7 billion to TARP.

Independent Bank Corporation (Nasdaq: IBCP) shares slid 18.5 percent to $2.90. Volume was 677,526 shares, more than double the daily average. IBCP is is a Michigan-based bank holding company with total assets of approximately $2.7 billion.

KONE soars, BAC busy, FFIV falters

Thursday, January 20th, 2011

Kingtone Wireless Info Solutions (Nasdaq: KONE) climbed 14.4 percent in price Thursday to $3.65. Volume of 433,351 shares nearly quadrupled its full-day average. KONE Thursday announced quarterly revenues increased 36.1% to $5.33 million from $3.92 million in the prior year period. Gross profit increased 104.7% to $4.64 million from $2.27 million in the prior year period

Bank of America Corp. (NYSE: BAC) dealt in 130,095,328 shares, short of its full-day average of 214,812,000. Share prices were flat at$14.38.

F5 Networks Inc. (Nasdaq: FFIV) shares slid 21.7 percent to $108.64. Volume was 12,376,855, far better than the daily average of 2,678,010, after the Internet-traffic software company projected second-quarter revenue below Wall Street expectations.