Archive for the ‘Financial Stocks’ Category

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CO with healthy gain, C chugs, MSB suffers malaise

Thursday, December 16th, 2010

China Cord Blood Corporation (NYSE: CO) gained 13.12 percent in price Thursday to $3.62. Volume of 321,351 shares trumped its full-day average of 205,100. CO, the first and largest cord blood banking operator in China, today announced that the Company will hold its annual general meeting of record at the Company’s Hong Kong office on February 18, 2011

Citigroup, Inc. (NYSE: C) traded Thursday in 304,577,005 shares, rapidly catching up on its daily average of 544,597,000. Share prices lurched backward 0.65 per cent, to $4.56.

Mesabi Trust (NYSE: MSB) surrendered 13.47 percent Thursday to $46.00. Volume of 1,367,117 shares more than tripled its full day average. MSB is a stock, with various holding interests in iron ore properties.

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ABPA pledges higher, TADF merges, PGRD purges

Wednesday, December 15th, 2010

Allegiance Bank of North America (OTCBB: ABPA) screamed 150 percent in price Wednesday afternoon to 35-100ths of a cent. Volume of 222,500 shares compared favorably with its daily average of 84,271.

Tactical Air Defense Services Inc. (OTCBB: TADF) dealt in 66.24 million shares by early afternoon Wednesday, compared to an average of 12.73 million a day. Share prices inched up 2.56 percent to four-10ths of a cent. The aerospace/defense services contractor based in Carson City, Nev., announced this week that it has executed an Agreement and Plan of Merger with Tactical Air Support, Inc.

Proguard Acquisition Corp. (OTCBB: PGRD) fell in price by 60 percent Wednesday to six cents. Volume for this stock was 21,500 shares, compared to a daily average of 3,455.

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THLD jumps, BAC active, SYX slumps

Wednesday, December 15th, 2010

Threshold Pharmaceuticals Inc. (NasdaqCM: THLD) vaulted 21.05 percent Wednesday noon to $1.38. Volume of 1,028,078 left its full-day average of 34, 640 in the dust. THLD, based in Redwood City, Calif., 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.

Bank of America Corp. (NYSE: BAC) was among the volume leaders Wednesday noon, trading in 57,485,230 shares, nearing its full-day average of 210,883,000. Share prices improved 0.7 per cent, to $12.48. U.S. equities are the primary beneficiary of the continuing upswing in global investor sentiment, according to the BofA Merrill Lynch Survey of Fund Managers for December. A net 44 percent of the respondents predict the world’s economy to strengthen in 2011, compared to 35 percent a month earlier.

SYSTEMAX INC. (NYSE: SYX) ) fell 4.96 percent in Wednesday morning trading to $12.45. Volume of 116,067 shares better than doubled its full-day average. The Company sells personal computers, computer components and supplies, consumer electronics and industrial products

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SAM hoists price, RF busy in volume, ABCW slides

Wednesday, December 15th, 2010

Boston Beer Company (NYSE: SAM) tapped the keg 13.56% higher Wednesday morning to $96.16. Volume of 190,087 easily trumped its full-day average of 72,537. The company brews Samuel Adams Boston Lager.

Regions Financial Corporation (NYSE: RF) was among the volume leaders Wednesday exchanging 64,408,658 shares, better than double its full-day average. Share prices improved 2.1 per cent, to $6.33. Regions Financial Corporation provides of consumer and commercial banking, trust, securities brokerage, mortgage and insurance products and services.

Anchor BanCorp Wisconsin Inc. (NasdaqGS: ABCW) reversed 13.18 percent in Wednesday morning trading to $1.12. Volume of 161,847 shares outdistanced its full-day average of 105,797. AnchorBank fsb, the wholly-owned subsidiary, has 57 offices. All are located in Wisconsin.

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CYPB spreads wings, C solid, MOTR in reverse

Wednesday, December 15th, 2010

Cypress Bioscience (NasdaqGM: CYPB) jumped 12.2% to$6.45, on volume of 8,570,704, or 16 times its full-day average, after it agreed to be acquired by Ramius LLC and Royalty Pharma for about $255 million in cash, ending a takeover battle that began in July.

Citigroup (NYSE: C) traded in 155,455,525 shares, making good headway on its daily average of 539,270,000 shares. Share prices retreated 0.53 per cent, however, Wednesday, to $4.66.

Motricity Inc. (NasdaqGM: MOTR) backtracked 13.53 percent in Wednesday morning trading at $18.40. Volume of 3,277,545 shares tramped its full-day average of 559,200. MOTR, based in Bellevue, Wash., is a leading mobile data solutions provider exclusively focused on the rapidly growing mobile Internet market.

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