Archive for the ‘Financial Stocks’ Category

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MTZ mounts scale, C sells, ETFC backs off

Thursday, February 24th, 2011

MasTec Inc. (NYSE: MTZ) shares gained 12.8% to $18.02, on share volume of 1.2 million, or double its all-day average, a day after the utility contractor projected full-year earnings that topped market forecasts.

Citigroup Inc. (NYSE: C) dealt in 135 million shares early Thursday, pursuing an all-day average of 551 million. Prices for C faded 0.7% to $4.66.

E-Trade Financial Corp. (Nasdaq: ETFC) shares shed 4.7% to $15.86. Volume was 10.7 million shares, or nearly four times its full-day average, after the online brokerage said its biggest shareholder and bondholder planned to cut its holdings in E-Trade to less than 20%.

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TVER a terror, CBIS deals, FSWA drops

Wednesday, February 23rd, 2011

Terrace Ventures Inc. (OTCBB: TVER) saw its share prices zoom 809.1% to 13 cents. Share volume was 36,440, compared with a typical daily average of 7,277.

Cannabis Science Inc. (OTCBB: CBIS) traded in 57.9 million shares Wednesday, compared to its normal share average of less than one million. Prices for CBIS climbed 76.5% to 12 cents, after announcing encouraging tests on cancer patients being treated by one of its distributors.

First Sound Bank (OTCBB: FSWA) saw its shares drop in price 70.4% to eight cents, on share volume of 45,510, compared to a daily average of just over 10,000. The Seattle-based FSWA is a locally-owned commercial bank offering a full range of financial services.

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HASC hikes, TYRIA active, SECI smacked

Wednesday, February 23rd, 2011

Hasco Medical Inc. (OTCBB: HASC) rocketed higher by 75% Wednesday to 3.5 cents, on share volume of 127,700, compared to an all-day average of 37,701.

Trey Resources Inc. (OTCBB: TYRIA) was among the volume leaders Wednesday morning in the micro-cap field, trading in 73.9 million shares, compared with a daily average of 23 million. Share prices were stagnant, though, at one-100th of a cent. TYRIA consults small and medium-sized businesses.

Sector 10 Inc. (OTCBB: SECI) took a pasting Wednesday, losing 36.4% to seven-10ths of a cent, on share volume of 601,000, contrasted with an average of 438,432, a day after SECI acquired 100% of First Diversified Equities Inc.

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DEP surges, C clicks, HSFT softens

Wednesday, February 23rd, 2011

Duncan Energy Partners LP (NYSE: DEP) shares climbed 23.4% to $40.17 on share volume of 655,000, more than eight times its average, after Enterprise Products Partners LP (NYSE: EPD) said Wednesday that it offered to buy its smaller rival for more than $2.4 billion.

Citigroup Inc. (NYSE: C) traded in 212.4 million shares, catching up on a full-day average of 544.2 million shares. Share prices dipped 0.6% to $4.66.

HiSoft Technology International Limited (Nasdaq: HSFT) shares capsized 23.3% to $24.09, on share volume of 729,000, or nearly triple its daily average, after it announced that it will provide a bad debt provision of $3.5 million, or approximately $0.15 to $0.16 U.S. per ADS, for 2010

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ECDC rockets, OPTZ trucks along, NWCN falls

Thursday, February 17th, 2011

East Coast Diversified Corp. (OTCBB: ECDC) skyrocketed today, surging 354.6% in price to five cents. Volume for the stock was 893,240 shares, compared to a daily average of 93,135, after the Atlanta-based company announced purchase order and shipment to iFleet, a division of MukriCo LTD for monitoring of oil tankers in  Tanzania.

Optimized Transportation Management Inc. (OTCBB: OPTZ) traded in 49.5 million shares Thursday, more than doubling its daily average. Prices for OPTZ fell 18.2% to nine-100ths of a cent. OPTZ is a Pittsburgh-based supply chain logistics company.

Network CN Inc. (OTCBB: NWCN) dropped 75% of its price strength Thursday to five cents. Volume was 32,700 shares, catching up on its daily average of 33,129. The company is engaged in providing out-of-home advertising in China, serving the needs of branded corporate customers.

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