Archive for the ‘Financial Stocks’ Category

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GKK gets some traction, S trades widely, GNI in the swamp

Monday, January 10th, 2011

Gramercy Capital Corp. (NYSE: GKK) shares gained 10.4 percent to $3.09 Monday. Volume of 1,551,914 shares was more 2 1/2 times its usual volume. GKK is a self-managed integrated commercial real estate finance and property investment company.

Sprint Nextel Corp. (NYSE: S) traded in 47,181,985 shares Monday afternoon, approaching its daily average of 51,474,800. Prices for S trailed Friday’s close by 2.9 percent to $4.55. Consumers today will begin seeing TV advertising in a campaign touting the benefits of the company’s third 4G-capable smartphone.

Great Northern Iron Ore Properties (NYSE: GNI) dipped 21.6 percent Monday to $104.42. Volume for the stock of 121,377 shares proved 11 times its daily average, after Citron Research issued a negative report on the company.

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Posted in Energy Stocks, Financial Stocks, Technology Stocks | No Comments »

PLA jumps, BAC busy, DV falters

Monday, January 10th, 2011

Playboy Enterprises Inc. (NYSE: PLA) shares gained 16.8% to $6.08 Monday. Volume of 6,658,738 shares dwarfed its usual volume of 126,632, after the publisher said it had inked a deal with IconAcquisition Holdings LP to be taken private.

Bank of America Corp. (NYSE: BAC) traded in volume of 90,768,343 shares, catching up on its daily average of 222,870,000. Prices for BAC nipped up 0.6 percent to $14.33.

DeVry, Inc. (NYSE: DV) tanked 14.2 percent in Monday to $40.79. Volume for the stock was 1,839,619 shares, nearly double its daily average. DeVry University is one of the largest, private sector universities in North America, with nearly 93,000 students enrolled in the United States and Canada.

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Posted in Consumer Discretionary Stocks, Financial Stocks | No Comments »

GENE displays sheen, C trades widely, STRA strays

Monday, January 10th, 2011

Genetic Technologies Ltd (Nasdaq: GENE) grew 71 percent in price Monday to $2.53. Volume of 191,089 shares proved nearly 100 times its full-day average volume. GENE is a leading-edge genetic testing business which, together with an extensive range of international patents and allied research activities, aims at uncovering the impact of DNA on health.

Citgroup Inc. (NYSE: C) traded Monday in 176,181,317 shares, compared to its daily average of 546,005,000. Prices for the stock tailed off 0.9 percent to $4.89. Citigroup Inc. today announced that it has received requisite consents from holders of CitiFinancial Credit Company’s 6.625% Notes due 2015 and is extending the early tender date and consent date of its exchange offer.

Strayer Education Inc. (Nasdaq: STRA) lost 22.2 percent in Monday trading to $119.30. Volume for the stock was 1,334,882 shares, more than four times its daily average. STRA is an education services holding company that owns Strayer University and certain other assets.

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Posted in Financial Stocks, Health Care Stocks | 1 Comment »

BTC soars, MSFT deals, ANTP fazed

Thursday, January 6th, 2011

Community Bankers Trust Corp. (AMEX: BTC) grew 36.1 percent in price Thursday to $1.47. Volume of 253,884 shares better than tripled its normal volume. Virginia-based BTC the holding company for Essex Bank.

Microsoft Corp. (Nasdaq: MSFT) traded in 65,285,889 shares traded, surpassing its daily average of 56,645,700. Prices for the stock gained 2.5 percent to $28.96. Thursday, MSFT unveiled the next generation of the Microsoft Surface experience featuring PixelSense technology.

Phazar Corp. (Nasdaq: ANTP) fell 17 percent in Thursday trading to $4.48. Volume for the stock was 51,639 shares, short of its daily average of 63,499, after announcing it was dropping its True Mesh Network Radio program.

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Posted in Financial Stocks, Technology Stocks | No Comments »

IBCP higher, BAC busy, MCP downward

Thursday, January 6th, 2011

Independent Bank Corp. (Nasdaq: IBCP) shot 42 percent in price Thursday to $2.30. Volume of 859,892 shares trounced its daily average of 140,452. IBCP is the holding company of Independent Bank, a Michigan-based community bank.

Bank of America (NYSE: BAC) was again among the volume leaders, trading in 156,548,729 shares, catching up on a full-day average of 218,378,000. Prices for the stock lost one percent to $14.36.

Molycorp Inc. (NYSE: MCP) fell 11% to $54.00 Thursday, on volume of 9,154,013 shares, better than double its daily average. Colorado-based MCP is the only rare earth oxide, or REO, producer in the Western Hemisphere.

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Posted in Energy Stocks, Financial Stocks | No Comments »

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