Archive for the ‘Financial Stocks’ Category

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LEGC shakes a leg, C active, CAK backtracks

Wednesday, December 22nd, 2010

Legacy Bancorp Inc. (Nasdaq: LEGC) added 42.21 percent in price Wednesday to $12.23. Volume of 140,153 shares towered over its daily average of 5,931. The Pittsfield, Mass., bank-holding company will acquired by Berkshire Hills Bancorp Inc. for $13 a share in stock and cash.

Citgroup Inc. (NYSE: C) traded in 146,817,000 shares, making it a volume leader as it made progress against its daily average of 554,823,000. Share prices slid 0.74% to $4.70.

CAMAC Energy Inc. (Amex: CAK) gave back 24.24 percent in price Wednesday to $2.00, on volume of 2,872,639 shares, nearly six times its full-day average. The energy firm entered into definitive agreements yesterday to sell in a registered direct offering an aggregate of approximately 9.09 million shares of its common stock at a price of $2.20 per share.

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JTX bounces, F trades, NBG slumps

Monday, December 20th, 2010

Jackson Hewitt Tax Service Inc. (NYSE: JTX) gained 13.57 percent in price Monday to $1.59. Volume of 3,350,769 shares more than quadrupled 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.

Ford Motor Co. (NYSE: F) traded in 27,160,761 shares, making it a volume leader, but still well below its daily average of 83,535,700. Share prices for the car maker moved up a mere 0.54 percent to $16.89. Ford said Monday U.S. auto sales in December are running at a 12-million unit annual rate, and it forecast sales to rise to almost 13 million next year.

National Bank of Greece SA Spon (NYSE: NBG.PA) gave back 5.55 percent in price Monday to $17.01, on volume of 165,026 shares.

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Posted in Consumer Discretionary Stocks, Financial Stocks | 1 Comment »

ARNA stronger, HBAN volume leader, RXII tumbles

Monday, December 20th, 2010

Arena Pharmaceuticals, Inc. (Nasdaq: ARNA) pushed upward 23.64 percent in price Monday to $2.04. Volume of 14,985,720 shares nearly doubled its full-day average. The San Diego-based ARNA is a clinical-stage biopharmaceutical company focused on discovering, developing and commercializing oral drugs that target G protein-coupled receptors.

Huntington Bancshares Inc. (Nasdaq: HBAN) traded in 27,626,739 shares, bested its daily average by a half. Share prices for HBAN moved moderately ahead 4.98 percent to $6.54. Columbus-based HBAN is a $53-billion regional bank holding company

RXi Pharmaceuticals Corp. (Nasdaq: RXII) stumbled in price 11.43 percent Monday to $2.79, on volume of 705,157 shares, nearly quadrupled its full-day average. RXII is a recognized leader in RNAi-based therapeutic discovery and development

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BASI soars, MI probed, BBX stumbles

Monday, December 20th, 2010

Bioanalytical Systems Inc. (Nasdaq: BASI) celebrated a hike of 23.97 percent in price Monday to $3.31. Volume of 193,397 shares overwhelmed its full-day average of 8,971. Indiana-based BASi is a pharmaceutical development services company providing contract research services and instruments and supplies to the world’s leading drug development companies and medical research organizations.

Marshall & Ilsley Corp. (NYSE: MI) traded in 33,286,748 shares Monday, more than doubling its daily average of 14,042,100. Share prices for MI skidded 3.65 percent, however, to $6.61. MI’s board of directors is under investigation concerning possible breaches of fiduciary duty and other violations of law related to the Company’s efforts to sell Marshall & Ilsley to BMO Financial Group in a transaction with a value of approximately $4.1 billion.

BankAtlantic Bancorp, Inc. (NYSE: BBX) found itself downward in price, 10.76 percent Monday to $1.41, on volume of 2,579,650 shares, or more than five times its full-day average. BBX is one of the largest financial institutions headquartered in Florida.

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WSP goes skyward , BAC active, MGIC heads south

Monday, December 20th, 2010

WSP Holdings Limited (NYSE: WH) moved higher 33.65 percent in price Monday to $1.39. Volume of 2,025,559 shares proved about 20 times its full-day average, as the Chinese drilling pipe manufacturer said its subsidiary received about $91.8 million in new orders.

Bank of America Corp. (NYSE: BAC) was a volume leader Monday, trading in 61,883,919 shares, making progress against its daily average of 214,418,000. Share prices for BAC inched 0.84 percent up to $12.68. AEGON USA Realty Advisors, LLC and Bank of America Merrill Lynch today announced that they have entered into a formal agreement in which BofA Merrill Lynch will utilize AEGON’s commercial real estate lending expertise and significant industry relationships to source new lending opportunities.

Magic Software Enterprises Ltd. (Nasdaq: MGIC) took a header in price, 11.80 percent Monday to $6.74, on volume of 1,908,951 shares, or more than triple its full-day average. The Israeli global provider of cloud and on-premise enabled application platform and business integration solutions today announced that it entered into definitive agreements, to sell securities to institutional investors in a private placement for aggregate gross proceeds of approximately $21.2 million.

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