Archive for the ‘Financial Stocks’ Category

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CABB jumps, SGAMY trades widely, ABPI sinks after Chapter 11

Thursday, November 18th, 2010

California Business Bank (OTCBB: CABB) gained 28.89 percent in Thursday afternoon trading to $2.90. Volume was 1,100 shares, easily surpassing its 3-month daily average volume of 488.

Sega Sammy Holdings Inc Sponsored ADR (Pink Sheets: SGAMY) was among the volume leaders in micro-caps Thursday afternoon, with 5,209,257 shares changing hands, more than 15-times its average volume of 333,776. The stock gained 4.48 percent in price to $4.20.

Accentia Biopharmaceuticals Inc. (Pink Sheets: ABPI) lost 1.02 percent in price Thursday afternoon to 97 cents. Volume was 289,330 shares. ABPI announced Wednesday that the Company and its majority-owned subsidiary, Biovest International, Inc. have both successfully completed their reorganizations. Pursuant to their respective Plans of Reorganization approved by the bankruptcy court, Accentia and Biovest have now formally exited Chapter 11 as fully restructured organizations.

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LTX has credence, BAC active, ALOT sinks,

Thursday, November 18th, 2010

LTX-Credence Corporation (NasdaqGM: LTXC) galloped ahead 31.10 percent in price by noon ET Thursday to $7.84. Volume of 6,628,004 shares trumped the stock’s three-month daily average of 531,400. Thursday, it was announced that LTXC was being investigated in connection with the proposed acquisition by Verigy. The probe seeks to determine whether LTXC and its Board breached their fiduciary duties by entering into the agreement without properly shopping for a deal that would provide better value for shareholders.

Bank of America (NYSE: BAC) did a brisk trade by midday Thursday, with 80.3 million shares changing hands, against its usual daily volume of 259,370,000 shares. BAC shares nipped ahead 0.65 percent Thursday in price to $11.69. It was announced Thursday that BAC ranked number one among all banks in the amount of credit extended through the U.S. Small Business Administration’s 504 loan program during the last fiscal year.

AstroMed Inc. (NasdaqGM: ALOT) fell in price early Thursday by 9.4 percent to approach noon at $6.65. Volume of 63,500 shares trounced its usual daily volume of 2,998 shares. The Rhode Island-based ALOT reported this week net sales of $18,329,000 and net income of $792,000 for the third quarter of 2010, compared to net sales of $16,658,000 and net income of $683,000.

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Irish theme continues with AIB, F in gear, HEAT cools

Thursday, November 18th, 2010

Allied Irish Banks (NYSE: AIB) gained 9.26 percent in price in early trading Thursday to $1.18. Volume of 3,292,252 shares rapidly approached the stock’s three-month daily average of 5,221,820. AIB announced Thursday that it will issue an Interim Management Statement during the day on Friday, November 19.

Ford Motor Company (NYSE: F) shares flew off the shelves Thursday near noon, with volume of 109,785,493 shares towering over its usual daily volume of 77,227,800. Shares slid 1.95 percent Thursday, however, to $16.35. The carmaker currently the top shareholder in Mazda Motor Corp. announced Thursday that it will sell about 70% of its shareholdings in the Japanese automaker on the Tokyo stock market Friday, but the two automakers are expected to maintain their strategic alliance.

SmartHeat Inc. (NasdaqGM: HEAT) fell in price early Thursday by 10.71 percent to $5.05. Volume of 1,885,516 shares proved nearly five times its average for a full day. The company announced Thursday the pricing of its previously announced public offering of 5,000,000 shares of its common stock pursuant to an effective shelf registration statement at a public offering price of $5.00 per share. The transaction is expected to close on or about November 23.

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IRE surges, C widely traded, IIIIU trends downward

Thursday, November 18th, 2010

Bank of Ireland (NYSE: IRE) gained 10.65 percent in price in early trading Thursday to $2.39. Volume of 3,417,273 shares topped its three-month daily average of 3,095,990. The Irish central bank has provided nearly 35 billion euros in exceptional liquidity assistance to its banks as of the end of October, data from the monetary authority showed on Thursday.

Citigroup (NYSE:C) was the volume leader in early Thursday trading, with 62,394,962 shares changing hands, 3-month average daily volume comes in at 476,264,000. Shares gained 1.67 percent Thursday to $4.26.

Information Services Group Inc. (Nasdaq: IIIIU) fell in price early Thursday by 17.4 percent to $3.18. Volume of 82,132 shares.

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WSB has banner day, HGSI boosts volume, SOLR sets

Wednesday, November 17th, 2010

WSB Holdings Inc. (NasdaqGM: WSB) gained 19.06 percent in price Wednesday to close at $2.77. Volume of 9,977 shares more than tripled its daily average. Headquartered in the Baltimore-Washington corridor, WSB serves the banking needs of growing businesses with commercial lending facilities, commercial real estate financing, residential mortgages, and residential construction financing for both developers and individual home owners.

Human Genome Sciences Inc. (NasdaqGM: HGSI) was active in Wednesday trading, with volume of 32,900,723, more than 10 times its usual daily volume. HGSI shares faded, however, 5.29 percent in price to $24.51. Tuesday, HGSI and GlaxoSmithKline PLC (GSK) announced that the Arthritis Advisory Committee of the U.S. Food and Drug Administration (FDA) has voted 13 to 2 to recommend that the FDA approve BENLYSTA® (belimumab) for the treatment of autoantibody-positive patients with active systemic lupus erythematosus (SLE).

GT Solar International Inc. (NasdaqGS: SOLR) fell in price Wednesday by 15.38 percent to close at $7.10. Its volume of 10,123,799 shares towered over its three-month daily average of 3,485,580. SOLR is a global provider of polysilicon production technology, and sapphire and silicon crystalline growth systems and materials for the solar, LED and other specialty markets

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