Archive for the ‘Financial Stocks’ Category

GMAN is good, GE gains, CIS subsides

Thursday, December 2nd, 2010

Gordmans Stores. Inc. (NasdaqGS: GMAN) improved 17.27 percent in price to $15.96 in afternoon trading Thursday. Volume of 192,316 shares easily doubled its normal full-day average volume. The Omaha-based apparel and home décor retailer Wednesday announced third-quarter net income increased 10.7% over Q3 2009 to $4.3 million.

General Electric (NYSE: GE) generated a lot of volume Thursday afternoon, trading in 41,587,505 shares, but less its full-day average of 57,943,600. GE shares inched up 1.78 percent to $16.59.

Camelot Information Systems (NYSE: CIS) lost 9.60 percent in price Thursday to $22.31, on volume of 518,555 shares, or nearly twice its full-day average. CIS is a leading domestic provider of enterprise application services and financial industry information technology services in China.

CONN conquers, F popular, GFC sags

Thursday, December 2nd, 2010

Conn’s Inc. (NasdaqGS: CONN) soared 18.89 percent to $3.84 in afternoon trading Thursday. Volume 503,156 shares nearly doubled its normal full-day average volume. Consumer electronics chain Conn’s Inc. said Thursday that its third-quarter loss narrowed to $5.1 million, or 23 cents per share, compared with a loss of $14.4 million, or 64 cents per share, during the same period a year prior

Ford Motor Company (NYSE: F) had great volume Thursday afternoon, dealing in 60,101,842 shares, rapidly catching up on its full-day average of 83,619,400. Ford shares advanced 2.34 percent to $16.84. The carmaker announced today that consumer demand for its new lineup of fuel-efficient vehicles triggered a 24-percent sales increase in November, compared with a year ago, according to a news release from the company. Ford sold 147,338 units last month.

Genova Financial Group Ltd. (NYSE: GFC) dropped 13.69 percent in price early afternoon Thursday to $22.00, on volume of 87,124 shares, or nearly eight times its full-day average. The Bermuda-based bank announced last month a share consolidation on the basis of one ordinary share for every five ordinary shares of the company

KKR up, BAC a volume leader, KR slips

Thursday, December 2nd, 2010

Krispy Kreme Doughnuts (NYSE: KKD) found its stock price 18.18 percent sweeter to $7.28 as the clock approached noon ET Thursday. Volume was 3,325,872 shares, more than five times its normal full-day average volume. The North Carolina-based chain reported third-quarter results Wednesday showing revenues increased 7.9% to $90.2 million from $83.6 million in the same quarter last year.. Operating income rose to $4.1 million from $633,000

Bank of America Corporation (NYSE: BAC) was among the volume leaders Thursday noon ET, dealing in 153,785,857 shares, closing in on its full day average of 201,913,000. Shares nudged up 2.88 percent to $11.61.

Kroger Company (NYSE: KR) dropped 8.76 percent by noon Thursday to $21.77, on volume of 22,100,457 shares, nearly four times its average daily volume. Today, KR reported third-quarter net earnings totaled $202.2 million, or $0.32 per diluted share. In the third quarter of fiscal 2009, Kroger reported a net loss of $874.9 million, or $1.35 per diluted share

WBD goes wild, C busy, ARO loses air

Thursday, December 2nd, 2010

Wimm Bill Dann Foods OSJC (NYSE: WBD) gained 28.12 percent to $31.40 soon after Thursday’s open. Volume was 3,024,031 shares, more than seven times its normal full-day average volume. PepsiCo. today announced that it has agreed to acquire 66% of Wimm-Bill-Dann for $3.8 billion, pending the required government approvals.

Citigroup Inc. (NYSE: C) found its shares flying off the shelves early Thursday, dealing in 157,979,787, its full day average being 466,277,000. Shares nudged up 2.44 percent to $4.41.

Aeropostale Inc. (NYSE: ARO) dropped 13.25 percent in late Thursday morning trading, to $23.25, on volume of 5,770,554 shares, nearly double its average daily volume. The specialty clothing retailer Wednesday reported net income of $58.5 million, or 63 cents per diluted share, on sales of $602.8 million for the quarter ending Oct. 30. That compares to net income of $62.6 million, or 61 cents per diluted share, on sales of $567.8 million in the same quarter last year.

GKK grand, INTC in the chips, RPRX gets stung

Wednesday, December 1st, 2010

Gramercy Capital Corp. (NYSE: GKK) gained 12.09 percent to close Wednesday at $2.04. Volume of 431,895 shares was slightly less than average.

Intel Corp. (NasdaqGS: INTC) traded Wednesday in 52,197,726 shares, less than its daily share average of 62,444,600. Shares nudged up 1.52 percent to $21.48. INTC 52-week price peak is around $24.37

Repros Therapeutics Inc. (NasdaqCM: RPRX) took a licking by Wednesday’s close, losing 12.16 percent to $1.30, on volume of 221,792, slightly higher than daily average of 160,083. RPRX focuses on the development of oral small molecule drugs for major unmet medical needs that treat male and female reproductive disorders.