Archive for the ‘Technology Stocks’ Category

MAKO climbs, INTC questionable, HRZ hurting

Thursday, March 31st, 2011

Mako Surgical Corp. (Nasdaq: MAKO) shares gained 11.4% to $23.89. Volume was 1.1 million shares, or nearly twice its daily average after the company said late Wednesday that it had an order for 11 surgery systems from Health Management Associations Inc. (NYSE: HMA)

Intel Corporation (Nasdaq: INTC) was a volume leader in early Thursday afternoon trading, dealing in 46.9 million shares, erasing the gap with its daily average of 59.2 million. Prices were 2.1% lower to $20.03, amid general weakness in the tech sector.

Horizon Lines Inc. (NYSE: HRZ) plummeted 25.9% in price to 94 cents, on volume of 5.4 million shares, nearly nine times its daily average, as the company contemplates bankruptcy.

PRAN makes hay, SIRI sells, KNDI hobbled

Thursday, March 31st, 2011

Prana Biotechnology (NASDAQ : PRAN) vaulted 7.6% to $2.83, on volume of 2.5 million or 2 ½ times its daily average. This, after announcing that the Alzheimer’s Drug Discovery Foundation will provide Prana with a mission-related investment of $700,000 over two years to conduct a clinical trial investigating the potential of PBT2 to reduce the accumulation of beta-amyloid in the brain of people with Alzheimer’s Disease.

Sirius XM Radio Inc. (Nasdaq: SIRI) beamed out 43.6 million shares Thursday, catching up on its daily average of 52.6 million. Prices subsided, though, 4.1%, to $1.64, amid word that its antitrust lawsuit has been approved for class-action status.

Kandi Technologies, Corp. (NASDAQ: KNDI) shares dipped 12.5% to $2.95. Volume for KNDI was 367,558, closing the gap with its daily average of around 380,000, after it reported 2010 revenues increased 26.8% to $42.9 million. On a non-GAAP basis, which excludes certain warrants, options and convertible notes related charges, the Company reported 2010 adjusted net income of $5.0 million, up 76% from the prior year.

GEOI garners, MSFT mighty, ACXM misfires

Wednesday, March 30th, 2011

GeoResources Inc. (Nasdaq: GEOI) shares gained 6.7% to $30.65. Volume was 539,190 shares, nosing out its daily average of 470,379, after Wells Fargo Securities initiated coverage of the exploration company with an outperform rating.

Microsoft Inc. (Nasdaq: MSFT) traded in 29.9 million shares, or about half of its daily average, sending its share prices to $25.60 or 0.4% higher than Tuesday’s close.

Acxiom Corp. (Nasdaq: ACXM) shares declined 22.7% to $13.49, on volume of 9.5 million shares, or 20 times its daily average, after the data-services provider said its CEO had resigned, effective two days ago, and that its CFO plans to step down.

PPG flies higher, MU active, ALGN ailing

Wednesday, March 30th, 2011

PPG Industries Inc. (NYSE: PPG) shares rose 6.3% to $96.31, on volume of 3.5 million – triple its daily average — after the coatings manufacturer projected first-quarter earnings that topped Wall Street’s expectations.

Micron Technology (Nasdaq: MU) traded in 28.8 million shares, catching up on a daily average of 42.8 million shares. Prices for MU dragged 1.5% to $11.59.

Align Technology Inc. (Nasdaq: ALGN) shares fell 3.8% to $20.38, on volume of 2.3 million shares, triple its daily average, a day after the maker of a tooth-straightening product said it would pay $190 million for Cadent Holdings Inc.

QIHU makes its bow, CSCO buys, VVTV trips

Wednesday, March 30th, 2011

Qihoo 360 Technology Company Inc. (NYSE: QIHU) U.S.-listed shares climbed 18.5% to $31.96 a piece. Volume for the new stock was 19.3 million shares as the Chinese internet company made its debut on the New York Stock Exchange.

Cisco Systems Inc. (Nasdaq: CSCO) traded in 37.4 million shares, or just barely half of its normal daily average. Share prices were off 0.2% to $17.41, amid word CSCO plans to buy newScale Inc., a provider of cloud-services software for IT organizations.

ValueVision Media Inc. (Nasdaq: VVTV) shares slid 7.3% to $6.36 Wednesday. Volume was 2.7 million shares, compared to daily averages of 382,452, after the direct marketer priced a secondary stock offering at $6.25 a share.