Archive for the ‘Financial Stocks’ Category

BRN gains momentum, MSFT has good volume, FRBK loses air

Wednesday, January 12th, 2011

Barnwell Industries Inc. (AMEX: BRN) shares gained 23.6% to $7.50 Wednesday. Volume of 183,617 shares dwarfed its full-day average of 9,411. Barnwell engages in oil and natural gas exploration, development, production and sales in Canada.

Microsoft Inc. (Nasdaq: MSFT) traded in 42,033,218 shares Wednesday, approaching its daily average of 57,414,000. Prices for MSFT nudged ahead 1.2 percent to $28.45.

Republic First Bancorp. (Nasdaq: FRBK) fell 8 percent Wednesday to $2.75 Volume for the stock was 132,273 shares, or about 2 1/2 its daily average. FRBK is a full-service, state-chartered commercial bank with offices and branches throughout Pennsylvania and New Jersey.

ITT is it, GE active, CPF falters

Wednesday, January 12th, 2011

ITT Corp. (NYSE: ITT) shares gained 13.9% to $60.10 Wednesday after the defense contractor said it would split into three separate publicly traded companies. Volume of 14,510,255 overwhelmed a full-day average of 1,262,170.

General Electric Company (NYSE: GE) traded in 31,018,867 shares Wednesday, just better than half its all-day average of 57,041,400. Prices for GE were flat at $18.64. Wednesday, GE Intelligent Platforms announced the PCIE-5565PIORC low profile PCI Express reflective memory node card

Central Pacific Financial Corp. (NYSE: CPF) fell 8.2 percent Wednesday to $2.25. Volume for the stock was 924,167 shares or nearly 4 1/2 times its daily average, only a day after double-digit stock gains.

SDIX soars, BAC busy, KV troubled

Wednesday, January 12th, 2011

Strategic Diagnostics Inc. (Nasdaq: SDIX) shares shot higher 42.5 percent Wednesday to $2.65, on volume of 2,094,668 shares, towering over its full-day average of about 31,000. SDIX announced Wednesday its RapidChek SELECT Salmonella Enteritidis (SE) test system has been reviewed by FDA and determined to be equivalent in accuracy, precision and sensitivity to their current standard methods for poultry house environmental drag swabs and pooled egg testing.

Bank of America Corp. (NYSE: BAC) traded in 113,699,846 shares noon Wednesday, nearly half its all-day average. Prices for BAC moved forward 1.8 percent to $14.95, as part of a general upward trend for bank stocks.

K-V Pharmaceutical Company (NYSE: KV.A) fell 21.9 percent Wednesday to $1.78. Volume for the stock was 1,722,746 shares or nearly five times its daily verage, after the company said it was “evaluating its liquidity outlook” in light of a delay by U.S. regulators over approval of a treatment to prevent preterm birth.

ZLC a jewel, C moving, LF dives

Wednesday, January 12th, 2011

Zale Corp.(NYSE: ZLC) shares gained 31.8% Wednesday to $5.31, on volume of 4,860,848 shares, or nearly five times its full-day average. This, after the jewelry retailer said sales at stores open at least a year rose 8.5% during the holiday-shopping season

Citigroup Inc. (NYSE: C) traded in 164,176,079 shares early Wednesday, catching up on its all-day average of 545,199,000. Prices for C moved forward 1.9 percent to $5.04.

Leapfrog Enterprises Inc. (NYSE: LF) fell 24.7 percent Wednesday to $4.07. Volume for the stock was 4,035,933 shares or nearly seven times its daily average, after forecasting 2010 earnings below expectations.

LDK flies, AA solid, FBP flounders

Monday, January 10th, 2011

LDK Solar Co. (NYSE: LDK) shares rose 18.4% to $12.35 Monday. Volume for the stock was 22,705,047 shares, nearly four times its full-day average, after the Chinese solar-power products manufacturer hiked its fourth-quarter sales outlook.

Alcoa Inc. (NYSE: AA) traded in 52,335,644 shares Monday afternoon, more than double its daily average. Prices for AA inched up 0.3 percent to $16.47. Monday, AA reported Income from continuing operations of $258 million, or $0.24 per share, highest since 2008’s third quarter.

First Bancorp (NYSE: FBP) faded 10.4 percent Monday to $4.85. Volume for the stock of 1,179,549 shares more than quadrupled its daily average.