Archive for the ‘Technology Stocks’ Category

ADAT gains, SIRI tunes in, CYH under pressure

Monday, April 11th, 2011

Authentidate Holding Corp. (Nasdaq: ADAT) shares shot forward 22.2% to 88 cents, on volume of nearly 532,000 shares, compared to an average of just under 120,000, after it announced that it has been selected by the Department of Veteran Affairs (VA) as a supplier for its Telehealth Program, already one of the largest in the world.

Sirius XM Radio Inc. (Nasdaq: SIRI) made its presence felt Monday afternoon, dealing in 24.9 million shares, compared to a daily average of 54.2 million. Share prices improved 2% to $1.80.

Community Health Services Inc. (NYSE: CYH) skidded 32.4% to $27.26 Monday, on share volume of 25.7 million, triumphing over a daily average of 1.3 million, on word the company was being sued by Tenet Healthcare.

GLBC flies, C steady, ADES ails

Monday, April 11th, 2011

Global Crossing Ltd. (Nasdaq: GLBC) shares surged 60.4% to $23.74, on volume of close to seven million shares, overwhelming a daily average around 146,000, after Internet infrastructure provider Level 3 Communications Inc. (Nasdaq: LVLT) said it would acquire its smaller rival..

Citigroup Inc. (NYSE: C) was a volume champion in early trading Monday morning on Wall Street, dealing in 94.5 million shares, compared to 478.8 million. Share prices were off 0.6% to $4.54, after announcing C was putting its European headquarters on the market for $1.6 billion.

ADA-ES Inc. (Nasdaq: ADES) swooned 38% Monday morning to $13.68, on volume of 335,700 shares, compared to regular volume of 52,729, after an arbitration panel ordered ADES to $38 million to Norit Americas for breach of contract.

AMMD gets bought, LVLT lively, QUIK drops quickly

Monday, April 11th, 2011

American Medical Systems Holdings Inc. (Nasdaq: AMMD) shares gained 32.1% to $29.50 on volumes topping 17 million shares, in contrast to a daily average of less than one million. This, after Endo Pharmaceuticals Holdings Inc. (Nasdaq: ENDP) said it would buy the urological medical-devices supplier for about $2.6 billion.

Level 3 Communications Inc. (Nasdaq: LVLT) shares tumbled off the shelves early Monday, trading in 120 million in all, or six times the business it would normally do in a day. Prices for the stock forged ahead 14.9% to $1.66, on word the company was set to buy Global Crossing for $2 billion.

QuickLogic Corp. (Nasdaq: QUIK) shares fell 16.8% to $4.05, on volume of 753,000 or nearly double its full-day average, after the semiconductor company late Friday lowered its first-quarter revenue outlook.

MCP marvelous, ORCL popular, DGW under fire

Monday, April 4th, 2011

Molycorp. Inc. (NYSE: MCP) shares advanced 12.3% to $66.54, on volume of 10.6 million, compared to 6.1 million, after the producer of rare-earth metals bought a controlling stake in Estonia-based AS Silmet.

Oracle Corporation (Nasdaq: ORCL) traded in 23.7 million shares Monday, a titch short of its daily average of 26.9 million. Prices for ORCL nipped up 0.3% to $34.12.

Duoyuan Global Water Inc. (NYSE: DGW) descended 27% in price to $4.01. Volume for the stock was eight million shares, towering over its daily average of 416,379, after a research firm with a short position in the stock accused the Chinese company of committing fraud.

LB living large, SIRI masterful, GD groggy

Monday, April 4th, 2011

LaBarge Inc. (AMEX: LB) shares rose 9.1% to $19.02 a piece, on volume of 1.9 million shares, dwarfing a daily average of less than 35,000. This, after Ducommun Inc. (NYSE: DCO) said it would buy the electronic manufacturing-services company for $19.25 a share. Ducommun shares improved 3.9% to $25.00.

Sirius XM Radio Inc. (Nasdaq: SIRI) saw 25.9 million of its shares change hands, trailing its daily average of 54 million. Prices inched up 2.7% to $1.70, after announcing today it would provide live radio coverage of this week’s Masters Golf Tournament from Augusta, Ga.

General Dynamics Corp. (NYSE: GD) shares fell 5.7% to $73.00, on volume of 9.7 million shares, far surpassing its daily average of 1.9 million. This, after a unit of the defense contractor said four employees died Saturday when an aircraft crashed during a test flight.