Archive for the ‘Industrial Stocks’ Category

NVLT vaults, MMTE mammoth trader, ISIM isn’t great

Thursday, December 9th, 2010

Novelos Therapeutics Inc. (OTCBB: NVLT) galloped ahead 70.45 percent in midday trading Thursday to 3.75 cents on 13.5 million shares, compared to a full-day average of 363,282. The Newton, Mass.-based biopharmaceutical company announced that today a poster highlighting positive results in a Phase 2 trial of NOV-002 in combination with neoadjuvant chemotherapy treatment in patients with stage IIB-IIIC HER-2/neu negative invasive breast cancer is being presented at a symposium in Texas.

Mammoth Energy Group Inc. (Pink Sheets: MMTE) traded in 122.8 million shares Thursday, in contrast with a daily average of 20.49 million. Prices were flat at three-100ths of a cent. The New York-based lithium and alternative energy mining company, announced today that expected demand and sales growth for lithium ion batteries is expected to triple to $60 Billion in the next 10 years.

Insight Management Corp. (OTCBB: ISIM) trailed Wednesday’s close by 33.33 percent to eight-100ths of a cent Thursday. Volume was 33.82 million shares, or double its full-day average. The New York-based green construction company has completed the acquisition of Plant Acadia Growing, Inc., the parent company of Simpson Brothers Greenhouse, LLC, a retail greenhouse and wholesale farm supplier.

SGOG shines, INBG busy, MJWL slides

Thursday, December 9th, 2010

Sterling Oil & Gas Co (OTCBB: SGOG) went skyward in early Thursday trading, gaining 290.24 percent to 1.6 cents. Volume in this stock was 20,000 in the early going, compared to its full-day average of 24,749.

International Building Technologies Group Inc. (OTCBB: INBG) saw its shares fly off the shelves Thursday, trading in 52.77 million of them. Its price was flat, however, at three-100ths of a cent. INBG Tuesday announced that, pursuant to the signed Letter of Intent to buy FHH Sino New Energies Co., Ltd..

Majic Wheels Corp. (OTCBB: MJWL) spun its wheels soon after Thursday’s opening, losing 62.96 percent in price to one-10th of a cent. Volume was 45,000 shares, in contrast with 165,031, its daily average. MajicWheels purports to bring innovation to the industry of radio-controlled toy cars through its groundbreaking, patented climbing device technology.

RDWR soared, DRYS sails, WNS sinks

Monday, December 6th, 2010

Radware Ltd. (Nasdaq: RDWR) accelerated in price by 19.08 percent to $39.01 early Monday afternoon. Volume of 4,340,588 shares quintupled its normal full-day average volume. The Israeli-based leading provider of integrated application delivery solutions for business-smart networking, today announced that SK C&C, a leading IT service provider in Korea, has successfully deployed Alteon® 5412 application switches to build a robust, uninterrupted web portal service and reduce total cost of ownership for the SK Group.

DryShips Inc. (Nasdaq: DRYS) was among the volume leaders mid-afternoon Monday, trading in 40,397,426 shares, trampling on its full-day average, which is near 15,871,600. The price strengthened 5.49 percent to $6.20. The Athens, Greece-based DRYS is a global provider of marine transportation services for drybulk cargoes and off-shore contract drilling oil services

WNS HOLDINGS Ltd. (NYSE: WNS) stumbled in price 9.48 percent Monday afternoon to $11.15, on volume of 68,640 shares, more than tripling its full-day average of 20,052. The company is a leading provider of global Business Process Outsourcing (BPO) services.

VRGY leaps, C busy, LTXC fades

Monday, December 6th, 2010

Verigy Ltd. (NasdaqGS: VRGY) improved 30.42 percent in Monday’s first hour to $11.92. Volume of 6,269,040 shares easily outdistanced its normal full-day average volume of 846,028. VRGY, which makes semiconductor test equipment, this morning said it received an unsolicited $12.15-a-share cash acquisition bid from Advantest

Citigroup (NYSE: C) assumed its place among the volume leaders early Monday morning, trading in 134,580,936 shares, its full-day average around 464,320,000. Share prices backtracked, however, 0.11 percent to $4.45.

LTXCredence Corp. (NasdaqGM: LTXC) gave back 16.8 percent in price Monday to $7.03, on volume of 1,523,632 shares, nearly doubling its full-day average in just the first hour. The global provider of ATE solutions weighed in this morning on the prospective Adventest-Verigy deal, believe that it, LTXCredence, would be a better fit for Verigy.

PSS sparks on earnings news, MOT enjoys great volume, TRR trips

Thursday, December 2nd, 2010

Collective Brands Inc. (NYSE: PSS) improved 15.86 percent in price to close Thursday at $20.38. Volume of 7,659,229 shares was five times its normal full-day average volume. PSS announced Thursday it earned $47.6 million, or 75 cents a share, on the period, up from $36.9 million, or 57 cents a share, in the same quarter last year.

Motorola Inc. (NYSE: MOT) was among the volume leaders late Thursday afternoon, trading in 51,736,649 shares, very nearly doubling its full-day average. MOT shares went down on the day, however, by 0.44 percent to $7.97. Motorola Mobility, the communications subsidiary of Motorola, today said it is buying home networking specialist 4Home.

TRC Companies Inc. (NYSE: TRR) gave back 8.83 percent in price Thursday to $2.58, on volume of 19,585 shares, nosing out its full-day average of 14,556. The Lowell, Mass.-based TRR is a recognized leader in engineering, consulting, and construction management services to the energy, environmental, and infrastructure markets