Archive for the ‘Financial Stocks’ Category

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NCT jumps, MGM high volume, NAII dives

Wednesday, December 22nd, 2010

Newcastle Investment Corp. (NYSE: NCT) ended higher 12.89 percent in price Wednesday to $6.92. Volume of 2,363,972 shares proved four times its normal share volume. NCT invests in real estate debt and other real estate related assets.

MGM Resorts International (NYSE: MGM) did a brisk business Wednesday, trading in 36,317,989 shares, nipping its daily average. Prices for MGM dipped, however, 1.07 percent to $14.73. MGM is one of the world’s leading global hospitality companies, operating a peerless portfolio of destination resort brands, including Bellagio, MGM Grand, Mandalay Bay and The Mirage.

Natural Alternatives International Inc. (Nasdaq: NAII) listed downward Wednesday, losing 11.83 percent in price to $5.29, on volume of 539,582 shares, compared to a full-day average of 17,905. NAII, based out of San Marcos, Calif., is a leading formulator, manufacturer and marketer of customized nutritional supplements

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BBX takes flight, MU solid, ACUR drubbed

Wednesday, December 22nd, 2010

BankAtlantic Bancorp, Inc. (NYSE: BBX) propelled itself higher 15.24 percent in price Wednesday to $1.21. Volume of 3,957,107 shares was more than six times its daily average, as BBX joined lots of regional banks in popping in price Wednesday.

Micron Technology Inc. (Nasdaq: MU) traded in 31,662,200 shares Wednesday, closing in against its daily average of 33,146,500. Prices for MU inched up 1.6 percent to $8.27. MU was set to announce first fiscal-quarter earnings after the closing bell.

Acura Pharmaceuticals Inc. (Nasdaq: ACUR) took it on the chin Wednesday, losing 12.8 percent in price Wednesday to $3.27, on volume of 410,363 shares, or 11 times its full-day average. ACUR is a specialty pharmaceutical company out of Palatine, Illinois.

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MIM climbs, GE flies, CPY slumps

Wednesday, December 22nd, 2010

MI Developments Inc. (NYSE: MIM) moved higher by 57.66 percent in price Wednesday to $30.05. Volume of 1,434,751 shares was more than five times its daily average. The company, based out of Aurora, Ontario, announced that its Board of Directors has received a reorganization proposal providing for the elimination of MID’s dual-class share structure.

General Electric Co. (NYSE: GE) traded in 31,770,698 shares Wednesday, giving it a commanding position among volume leaders, though about half of its usual trading prowess. Prices for GE gained 1.63 percent to $18.05. GE Aviation joined Lockheed Martin today to mark the 1000th Dowty advanced propeller system on a C-130J aircraft, in Marietta, Georgia. The C-130J will be delivered to Dyess Air Force Base by year’s end.

CPI Corp (NYSE: CPY) gave up 7.2 percent in price Wednesday to $20.87, on volume of 393,656 shares, or nearly five times its full-day average. Headquartered in St. Louis, CPY provides portrait photography services at approximately 3,000 locations in North America, principally in Sears, Walmart and Babies “R” Us stores.

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CXZ travels, JPM trades, JTX taxed

Wednesday, December 22nd, 2010

Crosshair Exploration & Mining Corp. (AMEX: CXZ) vaulted 29.14 percent in price Wednesday to $2.26. Volume of 1,673,267 shares was six times its daily average. Crosshair is a prominent player in the exploration and development of uranium, vanadium and gold in the U.S. and Canada.

JP Morgan Chase (NYSE: JPM) traded in 29,365,591 shares Wednesday, approaching its daily average of 38,702,900. Share prices gained 2.71 percent to $42.11.

Jackson Hewitt Tax Service Inc. (NYSE: JTX) fell 9.54 percent in price Wednesday to $1.75, on volume of 1,708,936 shares, nearly twice its full-day average. Based in Parsippany, N.J., JTX is an industry leading provider of full service individual federal and state income tax preparation.

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ZOOM takes off, BAC busy, EMKR loses traction

Wednesday, December 22nd, 2010

Zoom Technologies Inc. (Nasdaq: ZOOM) hiked 37.07 percent in price Wednesday to $5.25. Volume of 4,118,839 shares blew its daily average of 167,512 out of the water. Zoom Technologies is a holding company with subsidiaries that engage in the manufacturing, research and development, and sale of electronic and telecommunication products for the latest generation mobile phones.

Bank of America Corp. (NYSE: BAC) traded in 122,766,272 shares, catching up to its daily average of 214,627,000. Share prices gained 3.35 percent by noon to $13.41.

EMCORE Corp. (Nasdaq: EMKR) fell 20.13 percent in price Wednesday to $1.27, on volume of 3,157,836 shares, nearly four times its full-day average. The Albuquerque-based EMKR is a leading provider of compound semiconductor-based components.

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