Archive for the ‘Financial Stocks’ Category

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GLUU moves up, MU has strong volume, GRNB tumbles

Wednesday, November 10th, 2010

Glu Mobile Inc. (NasdaqGM: GLUU) added 21.31 percent in price to $2.22 in late trading on Wednesday. Volume was a whopping 1,416,725 shares, or more than 14 times its normal daily average. GLUU is a leading global publisher of social games for smartphone and tablet devices.

Micron Technology Inc. (NasdaqGS : MU) traded in 34,702,634 shares Wednesday, edging out its daily volume average. Those shares traded for $7.86, or 0.49 percent less than Tuesday. The Boise-based company announced a high-density Axcell™ NOR flash memory device for automotive applications, strengthening its already broad portfolio of leading products and technologies for the automotive market.

Green Bankshares Inc. (NasdaqGS: GRNB) went earthward 31.23 percent in price as the closing bell approached Wednesday to $2.51. Volume in GRNB was 486,333 shares, or six times its daily average. The Tennessee-based company Tuesday announced that it has given notice to the U.S. Treasury Department that it is suspending the payment of regular quarterly cash dividends on the Company’s Fixed Rate Cumulative Perpetual Preferred Stock

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ASEN, RPFG leap, BKTK, Zeox fail to get traction

Wednesday, November 10th, 2010

American Standard Energy Corp. (OTCBB: ASEN) catapulted itself in price 5,200 percent to $2.65 early Wednesday, on volume of 25,300 shares.

Rainier Pacific Financial Group, Inc. (Pink Sheets: RPFG) ballooned 6,850 percent in price Wednesday afternoon to 1.39 cents, on volumes of 33,850. Its 52-week trading range has peaked at 56 cents.

Black Tusk Minerals, Inc. (Pink Sheets: BKTK) skidded 5.88 percent in price mid-afternoon Wednesday to 16 cents, on scant volume of 16 shares. Latest news for this Vancouver-based exploration company’s stock concerned a one-for-50 reverse stock split back in October.

Zeox Corporation (Pink Sheets: ZOXCF) fell 82.64 percent in price to half a cent mid-afternoon Wednesday, on volume of 30,000 shares. The Kelowna, B.C.-based junior miner’s 52-week trading range has peaked around 23.6 cents

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Posted in Energy Stocks, Financial Stocks | No Comments »

GRH more energetic, SPDR sells briskly, MBR lists lower

Wednesday, November 10th, 2010

GreenHunter Energy Inc. (AMEX: GRH) tacked on 15.98 percent to its price in early afternoon Wednesday, to $1.38. Volume on GRH shares was an unusually heavy 166,854, about five times its daily average. The Grapevine, Texas-based company announced last week that it has closed on approximately $30 million in tax-exempt Recovery Zone Facility Bonds.

SPDR S&P 500 (NYSEArca: SPY) did a brisk business early Wednesday, having traded in 123,355,762 shares, rapidly approaching its daily average of 193,469,000. The index-based issue inched up 0.22 percent in price to $121.88.

Mercantile Bancorp Inc. (AMEX: MBR) took it on the chin during early Wednesday afternoon trading, giving back 22.48 percent in price to $1.00. Volume in MBR stock surpassed 79,631 shares, or nearly 20 times its daily average. Last week, the Quincy, Illinois-based regional bank announced it would terminate its shareholder rights offering without acceptance of any of the subscriptions exercised thereunder.

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Posted in Consumer Staples Stocks, Energy Stocks, Financial Stocks | No Comments »

BNVI perks, SIRI, FSGI falter

Wednesday, November 10th, 2010

Bionovo Inc. (NasdaqCM: BNVI) climbed 31.68 percent in price to $1.33 near lunch time Wednesday, on volume of 1,604,200 shares, nearly nine times its daily average. The Emeryville, California-based company said Wednesday said the U.S. Food and Drug Administration approved the clinical development plan for its lead drug candidate, Menerba, for treating hot flashes related to menopause.

Sirius XM Radio Inc. (NasdaqGS: SIRI) enjoyed healthy volume of 32,853,681 shares mid-Wednesday, ahead of the pace of its usual daily average volume of 74,982,700 shares. The satellite radio concern saw its stock price falter 2.01 percent to $1.46. Last week, SIRI reported third-quarter revenue of $722.5 million, up 15% from the prior-year quarter, and net income of $67.6 million, compared to a loss of $151.5 million.

First Security Group Inc. (NasdaqGS: FSGI) listed lower by noon ET Wednesday by 22.08 percent in price to $1.20. Volume in FSGI hit 71,627, more than four times its daily average. As of September 30, FSGI reported a third-quarter net loss of $30.2 million resulting in basic and diluted net loss of $1.92 per share for the quarter.

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Posted in Consumer Discretionary Stocks, Financial Stocks, Health Care Stocks | No Comments »

Farmer Mac, BJ’s gain, F sells widely, MFB drops on lower profits

Wednesday, November 10th, 2010

Federal Agriculture Mortgage (NYSE: AGM) shot ahead 12.67 percent in price by mid-morning Wednesday to $14.85. Volume approaching noon registered at 276,770 shares, more than double its daily average. The lender known as Farmer Mac Tuesday reported net income of $6 million, or 56 cents a share, for the three months ended Sept. 30. That compares with net income of $17.9 million, or $1.74, a year earlier.

BJ’s Wholesale Club Inc. (NYSE: BJ) enjoyed a 9.37-percent surge in price to $45.95 late Wednesday morning. Volume in BJ shares was a hot 2,428,532 shares, compared to a daily average of 782,079 shares. BJ’s, a leading warehouse club chain in the eastern United States, has set next Wednesday, Nov. 17, as the date for announcing its third-quarter results.

Ford Motor Company (NYSE: F) was among the volume leaders as Wednesday morning drew to a close. Ford saw 54,740,099 shares trade hands early, compared to a daily average of 68,220,100 shares. F gained 2.8% in price to $16.52. The carmaker reported Tuesday that its Ford Focus will be the official car of the 2011 International CES held on Jan. 6-9 in Las Vegas.

Maidenform Brands Inc. (NYSE: MFB) slumped in price 12.96 percent late Wednesday morning to $25.25. Shares traded totaled 961,100, trumping its daily average of 266,811. The underwear maker Maidenform Brands Inc. reported its third-quarter net income fell 20 percent from a year ago. Net income fell to $12.8 million, or 55 cents per share, from $16 million, or 67 cents per share, as revenue rose 13 percent to $145.8 million from $128.7 million last year.

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Posted in Consumer Discretionary Stocks, Consumer Staples Stocks, Financial Stocks | No Comments »

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