Archive for the ‘Financial Stocks’ Category

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Early NYSE volume movers: Citigroup (NYSE: C), GTN.A, GKK tumbles

Monday, November 15th, 2010

Gray Television Inc, (NYSE: GTN.A) jumped 9.68 percent in price Monday morning to $1.70. Volume was 370 shares, compared to a three-month daily average of 1,458. The Atlanta-based Gray is a television broadcast company, currently operating 36 television stations serving 30 markets.

Citigroup Inc. (NYSE: C) proved the early volume leader in Monday trading, exchanging 103,146,803 shares, compared to its daily average of 470,269,000. C shares gained 1.17 percent to $4.34 in the first 90 minutes of trading. Bank stocks in general were busy Monday, amid increased speculation Ireland will get some sort of bailout from the European Union.

Gramercy Capital Corp. (NYSE: GKK) tumbled 11.17 percent in price to $15.50. Volume was 5,730 shares; three-month averages were not available at press time.

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HLYS hale, SIRI has high volume, NASB flounders

Thursday, November 11th, 2010

Heelys, Inc. (NasdaqCM: HLYS) had a stellar early afternoon Thursday, climbing 23.59 percent to $3.51. Volume in the stock surmounted 2,512,432 where it would normally be around 61,000.  The Carrollton, Texas-based sports shoe maker reported Wednesday about its Nano™ shoe-skate, which creates a hybrid skate system by working with Heelys to create a stable platform for the front foot, allowing the user’s rear foot to build momentum, carve sharp turns, and perform a wide variety of tricks.

Sirius XM Radio Inc. (NasdaqGS: SIRI) broke towards the top of the pack among volume leaders, trading 44,142,343 shares Thursday, in comparison to a full-day average of 75,408,100. Those shares slid a bit in price, though, by 1.71 percent to $1.43, on word that a Knight Libertas media and telecom analyst raised her SIRI price target to $1.67 from her previous fair value estimate of $1.32-$1.48.

NASB Financial, Inc. (NasdaqCM: NASB) struggled Thursday in afternoon trading, falling in price 17.46 percent to $15.65. Volume in NASB was 9,305 shares, only slightly above its daily average of 7,171. NASB operates a retail banking operation in Missouri and Kansas.

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Small-cap markets awash in AWSH, XSRAY seeks new peak, GCPL, IZON slump

Thursday, November 11th, 2010

American Wenshen Steel Group Inc. (OTCBB: AWSH) surged 19,300 percent in the first hours of Thursday’s trading to 97 cents, approaching a new 52-week high. Volume was a mere 100 shares, however.

Xstrata plc (Pink Sheets: XSRAY) proved one of the small cap markets most active issues early Thursday, its volume a whopping 1,327,098 shares. The stock picked up 3.87 percent in price to boot, surging to $4.56, approaching a new 52-week high.

Global Capital Partners, Inc. (Pink Sheets: GCPL) took it on the chin early Thursday, loosening 98.95 percent from its price to four-100ths of a cent, on only 100 shares. The stock has known a 52-week high of 3.8 cents.

InZon Corp. (Pink Sheets: IZON) fell in price Thursday by 95 percent to three-100ths of a cent on volume of 2,725 shares. The communications company, based in Delray Beach, Fla.., has seen a stock high of 10 cents during the last 52 weeks.

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Lights bright on Broadway, C, BAC among volume leaders, CELH cools off

Thursday, November 11th, 2010

Broadway Financial Corporation (NasdaqCM: BYFC) enjoyed a banner morning Thursday, opening 29.57 percent higher in price to $2.41. Opening volume may have been a scant 7,175 shares, but still twice its average for the whole day. The bank’s parent, Broadway Federal Bank, f.s.b., founded in 1946, is the leading community-oriented savings bank in Southern California serving low to moderate income communities.

Citigroup Inc. (NYSE:C) was among the volume leaders in the early going of Thursday’s session, trading in 85,696,412 shares. Daily average in the banking conglomerate is 471,294,000 shares. Prices for Citigroup, however, slid 1.13 percent to $4.37. The company announced Thursday morning that it had sold a $1.4-billion portfolio of multifamily and commercial real estate loans to OneWest Bank on Thursday, as the larger bank continued to shed assets it considers unrelated to its main banking businesses.

Bank of America Corporation (NYSE:BAC) saw its shares fly thick and fast in Thursday’s session, trading in 39,796,719 shares, a large fraction of its daily average of 195,038,000. BAC shares decreased in price, though, 1.75 percent to $12.35, after announcing that it had sold most of its stake in BlackRock, the world’s largest money manager. BAC sold 43.6 million shares for $163 per share, putting a $7-billion value on the deal.

Celsius Holdings Inc. (NasdaqCM: CELH) saw its shares dip in price 30.66 percent in early Thursday trading to 95 cents. Volume was 189,585 shares, trampling its daily average of 24,289. CELH Wednesday announced revenue for the quarter totaled $1.8 million as compared to $1.3 million for the same quarter in 2009, an increase of 32%. The Company recorded a net loss of $5.0 million for the 2010 quarter as compared to $2.7 million for the same period last year.

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TSLA motors along, LVS active, CARV gets smacked

Wednesday, November 10th, 2010

Tesla Motors Inc. (NasdaqGS: TSLA) saw its stock gaining 20.71 percent late Wednesday to $29.73. Its volume was 2,419,581 shares, or quadruple normal daily volume average. Tuesday, the California company reported it lost $34.9 million, or 38 cents per share, in the third quarter as car sales fell and it spent more on developing a new model. However, analysts had expected a loss of 43 cents per share.

Las Vegas Sands Corp. (NYSE: LVS) got a lot of attention Wednesday, trading in 52,859,496 shares, compared to its usual average volume of 30,818,400. The stock’s price edged down, however, 4.09 percent, to $49.98. The company reported Wednesday its casino revenue rose 2.8 percent in September, to $520.6 million from $506.4 million in the same month a year earlier.

Carver Bancorp Inc. (NasdaqGM: CARV) took a thumping as Wednesday’s trading day ended, losing 18.37 percent to $3.91. CARV’s volume was 25,712 shares, compared to usual volume just below 4,000. The New York-based holding company announced in October a net loss of $23.4 million for the second quarter of fiscal 2011 compared to a net loss of $0.3 million for the second quarter of fiscal 2010 and a loss of $2.5 million for the first quarter of fiscal 2011.

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