Archive for the ‘Penny Stocks’ Category

« Older Entries
Newer Entries »

CBKN, WWON, BAC cruise, GCA slumps

Thursday, November 4th, 2010

Capital Bank Corporation: (NasdaqGS: CBKN) enjoyed a banner day Thursday, rocketing up in price 52.44 percent to close at $2.50, on unusually active volume of 460,185, more than 11 times its normal daily average The Raleigh-based regional bank announced Thursday it will sell an 85-percent stake in itself to privately-held North American Financial Holdings Inc., a holding company that will invest $181 million in Capital Bank and take over leadership of the 33-branch institution.

Westwood One Inc. (NasdaqGM: WWON) gained 27.82 percent in price Thursday to close at $11.12. Volume was 13,294, slightly below average. WWON supplies radio television stations with information services and programming. The Company, an outsource provider of traffic reporting services, produces and distributes national news, sports, talk, music, and special event programs.

Bank of America Corporation (NYSE: BAC) was also quite the active trader on a very busy Thursday, with 306,970,976 shares changing hands, nearly twice the business it would do on an average day. Besides being one of the leaders in volume, BAC boosted its price 5.3 percent to close at $12.13. Financial stocks in general extended Thursday gains after a report that the government might allow some of the larger institutions to resume dividend payments.

Global Cash Access Holdings, Inc. (NYSE: GCA) tumbled 22.87 percent Thursday to close at $2.90, on heavy share volume of 5,448,124, at least nine times its average. The news came just ahead of a third-quarter earnings call, scheduled for 5 p.m. ET, an hour after the market closed. GCA supplies cash access products and related marketing services to the gaming industry.

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

UFI, C triumph in Thursday afternoon trading, LIOX loses much of its roar

Thursday, November 4th, 2010

Unifi, Inc. (NYSE: UFI) soared 215 percent Thursday afternoon to $15.13, on volume of 230,986, roughly comparable to its three-month daily average of 248,017 shares. The news comes only a week after the Greensboro-based yarn producer announced that its third quarter net income quadrupled to $10.2 million, from $2.5 million during the year-ago quarter. UFI reported net sales reached $174 million in Q3, up roughly 22-percent over $143 million in the third quarter of 2009.

Citigroup Inc. (NYSE: C) found itself atop the leader board among biggest volumes on Thursday with 408,716,516 shares, swiftly approaching its three-month daily average of 442,066,000. Shares in the banking group climbed 2.39 percent in afternoon trading to $4.29. The favorable activity closely follows word that Citigroup was ruled not liable Thursday in a legal dispute with Terra Firma Capital Partners LP over its 2007 acquisition of British recording company EMI Group PLC. The latter party, a private-equity firm, had alleged it was duped by Citigroup into making a rich bid for EMI and had sought billions of dollars in damages.

Lionbridge Technologies, Inc. (NasdaqGM: LIOX) missed out on the general gaiety of the market Thursday, its price taking a pasting of 23.4 percent in afternoon trading to $3.83, on dismal third-quarter earnings news. Share volume of 3,437,377 was about 10 times LIOX’s three-month daily average. Lionbridge lost $3.8 million, or seven cents per share, for the three months ended Sept. 30. That compares with a loss of $1 million, or two cents per share, a year earlier.

Tags: , , , , , , , ,
Posted in Financial Stocks, Materials Stocks, Penny Stocks, Technology Stocks | No Comments »

Magic Software Enterprises Ltd. (MGIC) – Buzz Stock of the Day

Wednesday, November 3rd, 2010

Shares of Magic Software Enterprises Ltd. (Nasdaq: MGIC) were up as much as 28 percent from Tuesday’s closing price in mid-day trading on Wednesday after the company announced that it tripled its third quarter operating profit.

Shares of MGIC touched a new 52-week high of $3.72 on Tuesday, up from $2.90 at Monday’s close.

For the third quarter the Israel-based software maker reported net income of $2.5 million, or 8 cents per share on revenue of $22.4 million. This compares to profit of $900,000 or 3 cents per share on revenue of $13.5 million a year earlier. Operating income was $2.5 million, or 8 cents per fully diluted share, for the third quarter of 2010, compared to operating income of $800,000 or 3 cents per share, a year earlier.
[–quote–]
“I am very pleased to report robust growth and continued improvement in all our operations for the third quarter,” said Magic Software’s acting CEO,  Guy Bernstein in a statement. “This has been driven by greater demand for our professional services and improved license sales of our uniPaaS RIA application platform among enterprises and independent software vendors worldwide.”

Magic Software Enterprises sells applications designed for electronic business, customer relationship management, and other enterprise uses. The company also also provides maintenance, technical support and professional services. The company’s customers include Merrill Lynch Bank, ING Commercial Finance, and UPS Supply Chain Solutions.

Shares of Magic Software Enterprises are up 42 percent in the past month.

Tags: , , , ,
Posted in Penny Stocks, Technology Stocks | No Comments »

URRE near top of gainers’ ladder, SIRI among most active, MVIS bruised

Tuesday, November 2nd, 2010

Uranium Resources, Inc. (NasdaqCM: URRE) tacked on an amazing 29.84 percent in price Tuesday to close at $1.67, on a whopping 7,192,195 shares, nearly six times its three-month average volume. The stock vaults into the upper end of a 52-week trading range that has peaked at 1.78, after bottoming out at 38 cents. The company, since its incorporation in 1977, has produced over 8 million pounds of uranium in Texas.

Cabela’s Inc Class A (NYSE: CAB) jumped 20.73 percent Tuesday to close at $22.07.  Share volume totaled 3,453,941, dwarfing its three-month total of 371,958.  Tuesday’s leap brings the stock toward its 52-week peak of $22.22, after bottoming out at $11.65. The specialty retailer and direct marketer of hunting, fishing and camping merchandise, announced on Tuesday that quarterly consolidated revenues increased 3.9 percent to $643 million, while retail revenue increased 6 percent to $369 million.

Microvision, Inc. (NasdaqGM: MVIS) suffered a drop in price Tuesday of 18.5 percent to close at $1.63. Share volume of 3,169,642 towered over its three-month average volume of 653,575 shares. The stock languishes near the basement of a 52-week trading range of $1.55, its peak around $4.11. The manufacturer of ultra-small  projectors (hence its name) Monday posted Q3 revenue of $1.3 million and a loss of 15 cents a share, falling 18 percent wider than the average analyst earnings estimate, according to Bloomberg.

Sirius XM Radio Inc. (NasdaqGS: SIRI) inched up nearly 2 percent to $1.56 Tuesday, on volume of 83,327,134 shares, slightly above its three-month average of 71,284,100. The satellite radio network is making its way toward a 52-week high of $1.59, its gulch for the year around 56 cents. Sirius XM already has announced that it has added 334,727 net subscribers during the third quarter. This brings their total subscriber totals to just less than 20 million.

Tags: , , , , , , ,
Posted in Consumer Staples Stocks, Energy Stocks, Penny Stocks, Technology Stocks | No Comments »

BIOS, MSPD, PTEK take hard hits Tuesday

Tuesday, November 2nd, 2010

BioScrip, Inc. (NasdaqGM: BIOS) tumbled 25.93 percent by noon Tuesday to $4.17, on heavy volume of 1,837,290 shares, nearly four times its average daily volume. The national provider of specialty pharmacy and home care products and services Tuesday announced third-quarter revenue of $441.2 million and net income of $2.0 million or $0.04 earnings per diluted share (EPS). Its 52-week trading range dipped to $4.07 before soaring to $9.84

Mindspeed Technologies Inc. (NasdaqGM: MSPD) skidded 22.91 percent by lunch hour Tuesday to $5.82, on volume of 5,703,805, nearly 10 times its daily average over the last three months. The stock’s 52-week gully was 3.25, its peak at 11.13. The chip maker Monday posted revenue of $57.6 million, well ahead of the Street consensus, but sees Q1 revenue dropping to a range of $40.3 million to $41.2 million, well below the Street consensus.

PokerTec Inc. (Nasdaq: PTEK) fell 16.96 percent in price by noon Tuesday to 0.8968, on volume of 360,386, compared to daily average of 85,329. The stock’s 52-week range varies from 0.37 to 1.63. The casino products maker Tuesday announced its gross profit increased by 87% in the third quarter and 58% Year-To-Date.

Tags: , , , , ,
Posted in Health Care Stocks, Penny Stocks, Technology Stocks | No Comments »

« Older Entries
Newer Entries »