Archive for the ‘Financial Stocks’ Category

HAUP hops, C jumping, PSUN sets

Thursday, January 6th, 2011

Hauppage Digital Inc. (Nasdaq: HAUP) rushed ahead 34.2 percent in price Thurday to $3.18. Volume of 3,586,458 shares overwhelmed its daily average of 256,305. The world’s leading developer and manufacturer of TV tuner products for personal computers launched its new Colossus internal PCI Express board capable of recording component video and unencrypted HDMI video at up to 1080i from sources such as the Xbox360 and digital SLR cameras.

Citigroup Inc. (NYSE: C) was busy Thursday, trading in 343,135,504 shares, catching up on a full-day average of 541,733,000. Prices for the stock gained 0.3 percent to $4.99.

Pacific Sunwear of California, Inc. (Nasdaq: PSUN) faltered 15 percent to $4.65 on volume of 752,638 shares, catching up on its daily average of 986,812. Pacific announced that its quarter-to-date same-store sales through January 1, 2011 declined 7%. The Company’s fourth quarter and fiscal year ends on January 29, 2011.

LCAV gains, BAC busy, TRID stumbles

Wednesday, January 5th, 2011

LCAVision Inc. (Nasdaq: LCAV) gained 27.7 percent in price Wednesday to $7.28. Volume of 233,275 shares nearly quadrupled its all-day average. The Cincinnati-based laser vision service today reported that 10,891 procedures were performed during the fourth quarter of 2010, compared with 11,718 procedures (68 vision centers) during the fourth quarter of 2009.

Bank of America Corp..(NYSE: BAC) traded in 111,654,355 shares, better than half its daily average of 216,652,000. Prices for the stock gained 1.65 percent to $14.48, a day after declaring dividends on preferred stock.

Trident Microsystems Inc. (Nasdaq: TRID) dipped 14.1 percent Wednesday to $1.64, on volume of 2,532,140 shares, nearly four times its full-day average, on news TRID introduced a new system-on-chip (SoC) family designed for the next generation of Web-enabled TVs.

OPXA soars, C deals, TSTY turns south

Wednesday, January 5th, 2011

Opexa Therapeutics Inc. (Nasdaq: OPXA) shares leaped 80.8 percent to $2.82. Volume of 3.2 million shares, triumphed over usual volume of 70,317. The Woodlands, Texas-based cell therapy company said that after meeting twice with the U.S. Food and Drug Administration, it is preparing a Phase III clinical study of Tovaxin, a drug intended to treat multiple sclerosis.

Citigroup (NYSE:C) was a volume leader Wednesday, trading in 122,929,357, gaining on a full-day average of 538,020,000. Shares gained 0.7 percent to $4.94.

Tasty Baking Company (Nasdaq: TSTY) shed 33 percent to $4.31, on 159,504, compared to usual volume of below 10,000. TSTY announced today that preliminary financial data indicate the Company did not achieve the expected operational cash savings from this bakery during the fourth quarter.

MCP, BAC rally, ZLC fades

Monday, January 3rd, 2011

Molycorp Inc. (NYSE: MCP) gained 10.98 percent in price Monday to $55.38. Volume of 2,794,623 shares trailed only slightly its all-day average of 3,721,040. Colorado-based Molycorp, Inc. is the only rare earth oxide, or REO, producer in the Western Hemisphere and currently produces approximately 3,000 metric tons of commercial rare earth materials per year.

Bank of America Corp. (NYSE: BAC) traded in 93,476,332 shares catching up on its daily average of 212,722,000. Prices for the stock gained 4.87 percent to $13.99, following its announcement that it has agreed to buy back the loans sold by Countrywide Financial Corp., which it acquired during the financial crisis.

Zale Corp. (NYSE: ZLC) went south Monday, losing 6.10 percent in price to $4.00, on volume of 820,376 shares, pulling ahead of its full-day average of 794,515. ZLC is a leading specialty retailer of diamonds and other jewelry products in North America, operating approximately 1,900 retail locations throughout the United States, Canada and Puerto Rico, as well as online.

THLD soars, C sells, ISPH stumbles

Monday, January 3rd, 2011

Threshold Pharmaceuticals Inc. (Nasdaq: THLD) started 2011 higher 34.08 percent in price Monday to $1.81. Volume of 49,432 shares closed in on its all-day average of 94,631. THLD, based in Redwood City, Calif., Threshold is a biotechnology company focused on the discovery and development of drugs targeting Tumor Hypoxia, the low oxygen condition found in microenvironments of most solid tumors.

Citigroup Inc. (NYSE: C) did a brisk business the first Monday after New Year, trading in 43,054,072 shares, making up ground on its daily average of 538,216,000. Prices for the stock pushed ahead 1.8 percent to $4.82, on announcing that on New Year’s Eve, C it had completed transactions with Discover Financial Services and SLM Corporation that resulted in the divestiture of its student loan business, The Student Loan Corporation.

Inspire Pharmaceuticals Inc. (Nasdaq: ISPH) listed downward Monday, losing 58.45 percent in price to $3.49, on volume of 6,848,880 shares, dwarfing a full-day average of 577,058. ISPH announced today the top-line results from its second Phase 3 clinical trial, TIGER-2, with denufosol tetrasodium for the treatment of cystic fibrosis.