Archive for the ‘Financial Stocks’ Category

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EK in picture, C rumbles, CBEH wobbles

Monday, March 28th, 2011

Eastman Kodak Co. (NYSE: EK) shares rallied 10.9% to $3.77. Volume of nearly 39 million shares during the morning proved nearly quadruple its full-day average. The U.S. International Trade Commission said Friday it will review a patent decision that went against Kodak in January.

Citigroup Inc. (NYSE: C) dealt in nearly 78 million shares early Monday, rapidly gaining on a full-day average of 487.2 million. Share prices for C, however, stumbled 0.8% to $4.43, amid word of a drop in short interest for Citi and Bank of America.

China Integrated Energy Inc. (Nasdaq: CBEH) share prices trailed Friday’s close by 24.6% to $2.83, on volume of 3.8 million shares, dwarfing its all-day average of 853,489.

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

Hats off to RHT, C busy, FUL empty

Thursday, March 24th, 2011

Red Hat Inc. (NYSE: RHT) shares rose 16.6% to $46.59 Thursday. Share volume was six million in the first trading hour, or triple its daily average, a day after the software company reported fourth-quarter revenue that beat forecasts.

Citigroup Inc. (NYSE: C) shares were selling to the tune of 83.6 million Thursday, catching up on a full-day average of 486.9 million. Share prices for C dipped 0.3% to $4.39, after announcing it might invest up to $4 billion in consumer businesses next year.

H.B. Fuller Co. (NYSE: FUL) shares fell 3.4% to $20.31, on volume of 251,759 (compared to a full-day average of 337, 240), a day after the manufacturer of adhesives and paints reported a first-quarter profit that missed expectations.

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Posted in Financial Stocks, Industrial Stocks, Technology Stocks | No Comments »

AUMN awesome, F rolls along, NCT sheds

Wednesday, March 23rd, 2011

Golden Minerals Company (AMEX: AUMN) zoomed ahead 24.9% Wednesday to $22.98. Volume for the stock was 206,435 shares, or two-and-a-half times its normal daily volume, amid general buying of gold shares.

Ford Motor Company (NYSE: F) traded in 52.6 million shares, compared with a daily average of 86.6 million. Share prices were up 0.2% late in the session to $14.37.

Newcastle Investment Corp. (NYSE: NCT) shares shed 9.3% to $6.05 after the real-estate investment trust said it would sell 15 million shares. Volume was two million shares, compared to a daily average of 815,000.


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

JBL has jump, BAC backtracks, KFS get crowned

Wednesday, March 23rd, 2011

Jabil Circuit Inc. (NYSE: JBL) shares gained 10.9% to $20.99, on 9.1 million shares, or triple its full-day average, a day after the manufacturer of electronic parts projected third-quarter results that beat analysts’ estimates.

Bank of America Corporation (NYSE: BAC) traded in 110.6 million shares Wednesday, catching up rapidly on a daily average of 172.3 million. Share prices, though, demurred 2.5% to $13.53, after the Federal Reserve put a halt on BAC’s proposed dividend hike for this year.

Kingsway Financial Services Inc. (NYSE: KFS) took a drubbing in early Wednesday trading, falling 15.7% to 91 cents, on volume of 148,079, more than double its daily average. This, after announcing its fourth-quarter shareholder equity was likely to fall.

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DYSL barrels out of blocks, C hires, XOMA trails off

Wednesday, March 23rd, 2011

Dynasil Corporation (Nasdaq: DYSL) shares skyrocketed 70.2% to $6.62, on volume of 156,500 shares, towering over its average of 9,172 a day, after it announced that its research division was granted additional U.S. patent claims for advances in a detector material capable of responding independently to both neutron and gamma radiation.

Citigroup Inc. (NYSE: C) was a volume leader in early trading on Wednesday, dealing in 114.7 million shares, against a full-day average of 487.6 million. Share prices eased 1.6% to $4.35, after C announced the hiring of former StanChart banker Martin Lovegrove to head its energy services division.

Xoma Ltd. (Nasdaq: XOMA) shares were off 28.5% to $3.59, on volume of 2.6 million, catching up on a daily average of 4.2 million, a day after the company said a diabetes-treatment candidate did not yield better results than a placebo in a study.

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