Archive for the ‘Financial Stocks’ Category

UCBI triumphs, SIRI among volume leaders, DQ wounded

Wednesday, November 17th, 2010

United Community Banks Inc. (NasdaqGS: UCBI) gained 10.37 percent in price Wednesday to $1.49. UCBI stock traded in 3,128,377 shares, nearly quadrupling its daily average. Headquartered in Blairsville, Ga., UCBI is the third-largest bank holding company in the state, with assets of $7.0 billion. It operates 27 community banks with 106 banking offices throughout north Georgia, the Atlanta region, coastal Georgia, western North Carolina and east Tennessee.

Sirius XM Radio Inc. (NasdaqGS: SIRI) was active in Wednesday trading, with volume of 39,654,072, albeit just better than half of its three-month average daily volume of 75,176,000. SIRI shares fell back 1.46 percent to greet the closing bell Wednesday at $1.35. The satellite radio provider announced Wednesday announces “Sound of Change,” an initiative designed to generate awareness, action and funds for designated charitable causes on a year-round basis. The initiative officially launches on November 20, as several of SIRIUS XM’s music, talk and sports channels will participate in WhyHunger’s 25th annual Hungerthon campaign featuring live and on-line auctions of rare memorabilia and experiences donated by popular musicians, athletes and celebrities.

DAQO New Energy Corp. (NYSE: DQ) fell in price Wednesday afternoon by 16.39 percent to close at $11.19. Its volume of 1,644,379 shares, still more than double its three-month daily average. Tuesday, the Chinese-based polysilicon manufacturer reported third-quarter net revenues were $63.2 million, an increase of 20.5% from the second quarter of 2010, and 108.5% year-over-year. Net income was $17.7 million, an increase of 50.8% from the second quarter of 2010, and 207.6% increase year-over-year.

CMED leaps, RF sells, CBMX capsizes

Wednesday, November 17th, 2010

China Medical Technologies Inc. (NasdaqGS: CMED) saw its price improve 18.52 percent Wednesday to $13.95. Today’s volume was 1,775,545 shares, which trumps its daily average of 235,312. The Beijing-based CMED reported revenues of RMB201.8 million (US$30.2 million) for 2Q FY2010, representing a 21.5% increase from the corresponding period of FY2009. Net loss was RMB2.9 million (US$0.4 million) for 2Q FY2010, representing a 94.1% decrease from the corresponding period of FY2009.

Regions Financial Corp. (NYSE: RF) had an active Wednesday, trading in 49,964,333 shares, nearly triple its three-month daily average. RF shares sank 8.11 percent in price to $5.44. RF serves customers in 16 states across the South, Midwest and Texas, and through its subsidiary, Regions Bank, operates approximately 1,800 banking offices and 2,200 ATMs.

CombiMatrix Corporation (NasdaqGM: CBMX) fell in price Wednesday afternoon by 15.65 percent to $2.21. Volume was a scant 27,295 shares, still more than double its three-month daily average. The Irvine, Calif.-based molecular diagnostics company reported last week that revenues for the third quarter of 2010 increased 68 percent to $1.0 million from $603,000 in Q3 2009.

CDTI streaks ahead, LVS sells widely, CARV slumps

Wednesday, November 17th, 2010

Clean Diesel Technologies Inc. (NasdaqCM: CDTI) increased 20.68 percent in price Wednesday to $14.26. Volume was 161,147 shares, compared to its daily average of 44,833. The Ventura, Calif. company is a vertically integrated global manufacturer and distributor of emissions control systems and products, focused in the heavy duty diesel (HDD) and light duty vehicle (LDV) markets.

Las Vegas Sands Corp. (NYSE: LVS) Wednesday dealt in 42,983,170 shares, surpassing its three-month daily average of 32,378,300. LVS shares fell 0.56 percent to $45.97. LVS is a Fortune 500 company and the leading global developer of destination properties (integrated resorts) that feature premium accommodations, world-class gaming and entertainment, convention and exhibition facilities, celebrity chef restaurants, and many other amenities.

Carver Bancorp Inc. (NasdaqGM: CARV) fell in price Wednesday afternoon by 22.27 percent to $2.20. Volume was 12,420 shares, more than double its three-month daily average. CARV is the holding company for Carver Federal Savings Bank.

KV surges, BAC trades, JTX swoons

Wednesday, November 17th, 2010

KV Pharmaceutical CLA (NYSE: KV-A) increased 14.69 percent in price Wednesday to $2.42. Volume was 480,021 shares, rapidly catching up on its daily average of 548,417. The St. Louis-based KV announced today that it has entered into an agreement with US Healthcare I, L.L.C. and US Healthcare II, L.L. C. affiliates of New York-based Centerbridge Partners, L.P for a senior secured debt financing package of up to $120 million.

Bank of America Corp. (NYSE: BAC) was a volume leader Wednesday, dealing in 71,100,577shares, compared to its three-month daily average of 196,016,000. The carmaker saw its stock price skid 1.63 percent to $11.74. BAC was ordered by a U.S. judge to return $500 million of deposits it seized from Lehman Brothers Holdings Inc shortly after Lehman’s record bankruptcy.

Jackson Hewitt Tax Service Inc. (NYSE: JTX) fell in price by noon Wednesday by 18.88 percent to 82.74 cents. Volume was 1,954,063 shares, more than four times its three-month daily average.

TRYF, ZAAP lead small-cap brigade, DIRV provides drag

Wednesday, November 17th, 2010

Trycera Financial, Inc. (OTCBB: TRYF) gained 21.15 percent in price to 6.3 cents Wednesday on 7.08 million shares. TYRF today announced that it has entered into a licensing agreement with Simply Budgets to allow Trycera prepaid cardholders access to card-based money management services that include budgeting, debt management and savings tools. TRYF focuses on marketing financial products and services.

ZAP (OTCBB: ZAAP) picked up 12.61 percent in price to 67 cents Wednesday, on volume of 190,806 shares. ZAAP engages in the development, acquisition, and commercialization of electric vehicles and electric vehicle power systems in the United States

Direct View Holdings, Inc. (OTCBB: DIRV) slid in price by 91.3 percent to 13 cents, on volume of 20,000 shares. Monday, DIRV announced today that its Board of Directors declared a stock dividend payable in shares of its common stock to its stockholders of record on November 9, whereby each stockholder would receive nine shares of common stock for each one share owned on the record date.