Archive for the ‘Financial Stocks’ Category

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AIG jumps, F rolls off the lot, TNGN stumbles

Thursday, December 9th, 2010

American International Group, Inc. (NYSE: AIG) hiked in price Thursday by 13.03 percent to $47.72. Volume in the stock was 20,815,012, or better than five times normal volume.

Ford motor Company (NYSE: F) traded in 37,567,113 shares Thursday, but considerably less than half its daily average of 84,616,400. Share prices were flat at $16.78. The car maker Thursday boasted that its 2011 Ford Explorer V6 fuel economy ratings are now EPA-approved at 17 mpg city and 25 mpg highway, a 25-percent improvement over the previous V6 model

Tengion Inc. (NasdaqGM: TNGN) took a hit in price 12.31 percent Thursday to $2.28, on volume of 48,517 shares, more than four times its normal full-day average. The Pennsylvania-based TNGN is a leader in regenerative medicine.

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LEDS enjoys hearty IPO, BAC sells widely, OXM slides

Thursday, December 9th, 2010

SemiLEDS Corp. (NasdaqGS: LEDS) climbed 47.88 percent in price Thursday to $25.14. Volume was 3,659,012 shares, upon its IPO Thursday. The Hawaii-based developer and manufacturer of LED chips and LED components, announced today the pricing of its initial public offering of 5,250,000 shares of its common stock, at $17.00 per share.

Bank of America Corp. (NYSE: BAC) traded in 126,328,133 shares, making it a leader in volume, against its full-day average of 204,999,000. Shares progressed 2.58 percent to $12.31. Financial executives at U.S. companies expressed more optimism that their businesses will hire employees and see revenue growth in 2011, according to a recent Bank of America Merrill Lynch survey. Of the 801 executives surveyed in the bank’s annual CFO Outlook, 47 percent said they expect their companies to hire additional employees next year, up from 28 percent who forecast hiring last year.

Oxford Industries Inc. (NYSE: OXM) dipped in price 16.11 percent Thursday to $23.23, on volume of 402,535 shares, very nearly four times its full-day volume average. Atlanta-based Oxford Industries, Inc. Wednesday announced third quarter diluted net earnings per share were $0.33 compared to $0.26 in the third quarter of fiscal 2009.

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FRC scores big in IPO, C sells briskly, SDTH staggers

Thursday, December 9th, 2010

First Republic Bank (NYSE: FRC) was among the price champions early Thursday, strengthening 95.99 percent in price to $27.34. Volume was 4,503,158 shares, upon its IPO Thursday. First Republic Bank had $22 billion in total assets as of June 30 and its wealth management assets totaled $17.2 billion.

Citigroup Inc, (NYSE: C) traded in 275,979,360 shares, making it a leader in volume, making loads of headway against its daily average of 517,995,000. Shares hiked 0.97 percent to $4.68. Citi today announced that it has hired Benjamin Poor as Manager of Market Intelligence for the Securities and Fund Services (SFS) unit within Global Transaction Services.

Shengdah Tech, Inc. (NasdaqGS: SDTH) tumbled in price 16.01 percent Thursday to wind up at $5.14, on volume of 570,864 shares, better than triple its full-day volume average. The leading manufacturer of nano-precipitated calcium carbonate in China, today announced that it intends, subject to market and other conditions, to offer an aggregate of $90.0 million of senior convertible notes due 2015 in a private offering.

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NYSE Financial Stocks Climb: LNC, USB, BK

Wednesday, December 8th, 2010

Lincoln National Corporation (NYSE: LNC) climbed 7.18 percent, adding $1.82 to reach $27.16 in late afternoon trading Wednesday. Volume for the Pennsylvania-based company of 9,532,020 was more than double the three month daily average of 4,293,020.

US Bancorp (NYSE: USB) tacked on 3.08 percent to $25.13 as the day came to a close, although volume of 10,430,000 was still short of the company’s daily average of 14.3 million. US Bancorp announced at the Goldman Sachs conference that it is looking to restart dividends in early 2011.

The Bank of New York Mellon Corp (NYSE: BK) added 55 cents, or 1.96 percent to reach $28.69 nearing the bell Wednesday. Volume of 5,220,000 was short of the three month daily average of 8,680,000.

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IRE above crowd, MSFT busy, KUTV bruised

Monday, December 6th, 2010

Bank of Ireland (NYSE: IRE) gained in price by 17.11 percent to $2.16 Monday afternoon. Volume of 30,914,748 shares was near quadruple IRE’s normal full-day average volume.

Microsoft Corporation (NasdaqGS: MSFT) fell in price 63 percent to 26.85 nearing the bell Monday. The company traded in 23,942,216 shares, while making it a leader in volume, it was still considerably below MSFT’s daily average of 62,814,900. Microsoft announced monday announced the “Cloud CRM for Less” offer for Salesforce.com and Oracle customers.

Ku6 Media Co. Ltd. (NasdaqGM: KUTV) stumbled in price 11.87 percent Monday afternoon to $7.05, on volume of 179,666 shares, nearly three times its full-day average. KUTV is leader in online video portal operations in China.

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