Archive for the ‘Financial Stocks’ Category

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BLTI climbs, C steady, MNKD manhandled

Thursday, January 20th, 2011

BioLase Technology Inc. (Nasdaq: BLTI) vaulted 80.2 percent in price Thursday to $3.01. Volume of 1,723,791 shares overwhelmed its full-day average of 46,341. Biolase said today it expects to post a profit after four quarters of loss, sending the dental laser company’s shares up 68 percent to a year-high.

Citigroup Inc. (NYSE: C) dealt in 228,816,253 shares, inching toward its full-day average of 551,205,000. Share prices edged higher 0.1 percent to $4.76.

MannKind Corp. (Nasdaq: MNKD) shares tumbled 42.4% to $5.27. Volume was 12,079,531, or four times its full-day average, after the biotechnology company failed to obtain regulatory approval to market its insulin inhaler.

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IPCI aces, WFC busy, MAG ragged

Wednesday, January 19th, 2011

Intellipharmaceutics International (Nasdaq: IPCI) went higher 18 percent to close Wednesday at $6.04. Volume of 181,460 shares ran away from its full-day average of 27,753. IPCI is a pharmaceutical company specializing in the research, development and manufacture of novel and generic controlled release and targeted release oral solid dosage drugs.

Wells Fargo & Company (NYSE: WFC) dealt in 50,557,742 shares, topping its full-day average of 33,984,900. Share prices dropped, however, by 1.9 percent to $31.86. WFC posted net income attributable to common shareholders of $3.2 billion, or 61 cents per share, matching analyst expectations. Last year, profit of $394 million, or eight cents per share, was sharply reduced by preferred dividends paid under the government bailout.

Magnetek Inc. (NYSE: MAG) surrendered 15.4 percent Wednesday to $1.65. Volume of 271,367 shares more than doubled its average daily volume of 106,631. MAG, which provides digital power control systems North America, announced Wednesday it would release second-quarter financial numbers on Feb. 9.

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EFOI more energetic, S, PMI dip

Wednesday, January 19th, 2011

Energy Focus, Inc. (Nasdaq: EFOI) climbed 10.3 percent to $1.18 Wednesday afternoon. Volume of 396,108 shares proved four times its full-day average. Solon, Ohio-based EFOI is a leader in providing energy efficient lighting solutions.

Sprint Nextel Corporation (NYSE: S) dealt in 50,848,950 shares, catching up to its full-day average of 54,200,200. Prices for S went south, though, 2.1 percent to $4.27, on word the company will announce fourth-quarter and full-year financial numbers on Feb. 10.

The PMI Group, Inc. (NYSE: PMI) skidded 17.4 percent Wednesday to $3.30. Volume was 13,608,639 shares was nearly triple its average daily volume. Through its wholly and partially owned subsidiaries, PMI offers residential mortgage insurance and credit enhancement products.

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CTEI spikes, APTD busy, UNLA loses

Wednesday, January 19th, 2011

Cemtrex Inc. (OTCBB: CTEI) shot skyward Wednesday, gaining 122.2 percent in price to 10 cents. Volume of 31,000 shares closed the gap on a full-day average of 52, 585. CTEI is a world leader in providing environmental solutions to a variety of industries all over the world.

AlphaTrade.com (OTCBB: APTD) was one of the most widely traded micro-cap stocks Wednesday, dealing in 32.3 million, more than twice its all-day average. Prices for the stock dipped, however, 33.3 percent to six-100ths of a cent. APTD is a recognized financial data providing company specializing in real-time financial market data for major North American exchanges and markets.

Unilava Corp.. (OTCBB: UNLA) dropped sharply Wednesday, losing 52.9 percent to four cents. Volume for UNLA registered at 3.68 million, leaps an bounds better than its daily average of 158,710. UNLA announced Wednesday the first implementation of the their LOI with China Wi-Max Communications to identify funding and resource opportunities to support engineering and capital needs towards their joint venture, targeting markets of over $60 million U.S. in Beijing, Shanghai and Shenzhen.

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OPXA pops, CSCO does business, MTG slumps

Wednesday, January 19th, 2011

Opexa Therapeutics Inc. (Nasdaq: OPXA) saw its price pop 18.1 percent to $2.48 Wednesday afternoon. Volume of 1,738,310 shares overwhelmed a full-day volume average of 269,989. OPXA is preparing to start a Phase 3 clinical study of its Tovaxin drug candidate for multiple sclerosis

Cisco Systems Inc. (Nasdaq: CSCO) traded Wednesday in 33,840,714 shares, only about half its full-day average. Prices for CSCO fell 1.9 percent to $20.82. CSCO announced Wednesday it will bring its fancy videoconference systems for teaching to several universities in Colorado, giving students at some remote, rural schools access to more classes.

MGIC Investment Corporation (NYSE: MTG) listed lower by 18.8 percent Wednesday to $9.46. Volume was 16,430,897 shares, four times its normal daily volume, on word that higher claims paid out last year hurt the company’s bottom line.

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