Archive for the ‘Financial Stocks’ Category

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ICGN moves upward, C busy, ULTR slips

Monday, December 20th, 2010

Icagen Inc. (Nasdaq: ICGN) vaulted 33.79 percent in price Monday to $1.94. Volume of 1,107,887 shares quadrupled its full-day average. The North Carolina-based drug company today provided an update on its sodium channel program for pain and related disorders, which is being conducted in collaboration with Pfizer.

Citigroup (NYSE: C) was a volume leader Monday, trading in 207,906,616 shares, making progress against its daily average of 556,140,000. Share prices for Citi eased 0.11 percent to $4.70. Citi today announced a multi-year renewal of its long-standing U.S. private label credit card partnership with The Children’s Place Retail Stores Inc., the largest pure-play children’s specialty apparel retailer in North America.

Ultrapetrol Ltd. (Nasdaq: ULTR) fell 13.95 percent Thursday to $6.45, on volume of 336,901 shares, five times its full-day average. Ultrapetrol announced today its intention to offer to sell, subject to market and other conditions, $60.0 million aggregate principal amount of its Convertible Senior Notes due 2017.

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CBSO skyrockets, CGFIA sells widely, HSYT bruised

Thursday, December 16th, 2010

CommunitySouth Financial Corp. (OTCBB: CBSO) watched its stock travel to the stratosphere, gaining 200 percent to 15 cents shortly before Thursday’s closing. Volume was 31,030 shares, overwhelming its usual share volume of 4,969. The Easley, S.C.-based CBSO is the parent company of CommunitySouth Bank & Trust.

Colorado Goldfields Inc. (OTCBB: CGFIA) saw its shares fly off the shelves Thursday, trading in 292.88 million shares, compared to a daily average of 59.16 million. Share prices scaled back 50 percent, however, to one-10th of a cent. CGFIA is a Denver-based junior exploration and mining company primarily exploring for gold and silver.

Home System Group (OTCBB: HSYT) dipped 55 percent to $1.26 Thursday, on volume of 16,380 shares, compared to usual volume of 1,981. HSYT is a Chinese – based manufacturer of a variety of household appliances sold by large retailers.

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JADE sings, CGR sells, V sued

Thursday, December 16th, 2010

LJ International Inc. (NasdaqGM: JADE) prospered 13.88 percent in price Thursday to $4.02. Volume of 942,250 shares nosed out its full-day average of 643,849 shares. The Hong Kong-based JADE is engaged in the designing, branding, marketing and distribution of a full range of jewelry

Claude Resources, Inc. (AMEX: CGR) blew its volume average out of the water Thursday, trading in 1,935,525 shares, quadrupling what it normally exchanges in a day. Share prices for CGR chugged ahead 17.42 percent to $2.09, after announcing positive results from sampling in excess of 22,000 metres of drill core from a total of 278 historic drill holes on the 13,900 hectare Amisk Gold Property in Manitoba.

Visa Inc. (NYSE: V) fell 12.63 percent Thursday to $67.22, on volume of 19,014,157 shares that quadrupled its daily average, on word of a lawsuit by the Canadian Competition Bureau.

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BWOW wows, CSCO busy, LPHI steps back

Thursday, December 16th, 2010

Wowjoint Holdings Ltd. (NasdaqGS: BWOW) ballooned 44.44 percent in price Thursday to $3.77. Volume of 60,600 shares proved 20 times its full-day average. The Beijing-based BWOW is a leading provider of customized heavy duty lifting and carrying machinery used in large scale infrastructure projects such as railway, highway and bridge construction

Cisco Systems Inc. (NasdaqGS: CSCO) traded Thursday in 36,433,475 shares, or about half its full-day average. CSCO share prices gained 1.23 per cent, to $19.71.

Life Partners Holdings Inc (NasdaqGS: LPHI) tumbles 15.79 percent Thursday to $16.75, on volume of 291,687 shares, dwarfing its full day average of 85,703. LPHI, the world’s oldest and one of the most active companies in the United States engaged in the secondary market for life insurance, announced earlier this month a five-for-four split in its common stock.

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OCZ takes off, BAC busy, RGS misfires

Thursday, December 16th, 2010

OCZ Technology Group Inc (NasdaqCM: OCZ) gained 16.55 percent in price Thursday to $4.79. Volume of 3,360,842 shares trampled its full-day average of 187,183. San Jose-based OCZ, a leading provider of high-performance solid-state drives (SSDs) and memory modules for computing devices and systems, today announced that certain shareholders of OCZ Technology Group, Inc. have signed definitive agreements with various institutional and accredited investors for the sale of OCZ common stock. OCZ will not receive any of the proceeds of such sale.

Bank of America Corp. (NYSE: BAC) traded Thursday in 135,742,489 shares, catching up on its daily average of 211,203,000. BAC share prices gained 3.13 per cent, to $12.68.

Regis Corp. (NYSE: RGS) reversed 10.31 percent Thursday to $16.44. Volume of 3,063,146 shares more than tripled its full day average. RGS is the global leader in the $150-$170-billion hair care industry.

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