Archive for the ‘Technology Stocks’ Category

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DSW does it, CSCO steady, SMSI slumps

Wednesday, February 9th, 2011

DSW Inc. (NYSE: DSW) shares gained 16.5% to $42.21, on volume of 1.4 million shares, or nearly five times its all-day average, after the shoe seller late Tuesday said it would buy Retail Ventures Inc. (NYSE: RVI) , its largest shareholder, in a merger that DSW said would reduce outstanding shares. RVI shares flew 13.6% to $18.11.

Cisco Systems Inc. (Nasdaq: CSCO) traded in 34.7 million shares Wednesday, hunting down its daily average of 74.1 million. Prices nipped up 0.5% to $22.10. CSCO reports after the bell today.

Smith Micro Software Inc. (Nasdaq: SMSI) shares tumbled 36.5% to $8.29 Wednesday. Volume was 7.3 million shares, towering over a full-day average of 491,000 shares, after the company suspended its new year forecast.

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XETA skyward, BAC busy, MOTR motors in reverse

Wednesday, February 9th, 2011

Xeta Technologies Inc. (Nasdaq: XETA) shares galloped 40.9% to $5.41. Volume for the stock was 484,833 shares, compared to an all-day average of 14,000, after the announcement that Paetec Corporation was to purchase XETA for $61 million.

Bank of America Corp. (NYSE: BAC) traded in 33.8 million shares Wednesday, pursuing its average of 192.4 million. Prices faded 0.3% to $14.56

Motricity Inc. (Nasdaq: MOTR) shares were off 23.3% to $16.90 Wednesday. Volume was 7.8 million shares, waltzing over a full-day average of 1.3 million, after the provider of wireless-data services projected first-quarter sales beneath analysts’ estimates late Tuesday.

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ATML vaults, C clicks, SWIR swoons

Wednesday, February 9th, 2011

Atmel Corp. (Nasdaq: ATML) shares rallied 9.8% to $16.10. Volume for the stock was 14.6 million shares, compared to an all-day average of 10.3 million, after the maker of computer chips used in household devices reported fourth-quarter earnings that beat Wall Street’s expectations late Tuesday.

Citigroup Inc. (NYSE: C) traded in 64.1 million shares, making it a volume leader, but still below its average of 546 million. Prices demurred 0.5% to $4.86.

Sierra Wireless Inc. (Nasdaq: SWIR) shares declined 26% to $11.47, on volume of 3.6 million shares, squashing its daily average of 260,000, after the wireless-modem maker reported fourth-quarter profit that missed estimates late Tuesday.

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AVID avid, UNG uneasy, TZOO travels lower

Monday, February 7th, 2011

Avid Technology Inc.(Nasdaq: AVID) shares rose 11.3 percent to $21.24, on volume of 436,468, compared to an average of 129,028, after the maker of recording equipment and software on Friday reported fourth-quarter revenue above forecasts.

United States Natural Gas Fund (NYSE: UNG) traded in 40.1 million shares Monday, compared to an average of 25.1 million. Share prices for UNG drifted lower, though, by 4.7 percent to $5.59. UNG has lost at least 35 percent in each of the last three calendar years, according to Morningstar.

Travelzoo Inc. (Nasdaq: TZOO) felt the bruises Monday, losing 9.3 percent in price to $40.93, on volume of 822,782 shares, nearly triple its daily average, even as it announced it had surpassed 22 million subscribers worldwide.

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AIG scales heights, MU busy, SYY sighs

Monday, February 7th, 2011

American International Group Inc. (NYSE: AIG) shares gained 5.8 percent to $42.33. Volume was 9.2 million shares, compared to a normal volume of 8.2 million.

Micron Technology Inc. (Nasdaq: MU) traded in 33.6 million shares, making it a volume leader Monday, but still trailing a daily average of 35.3 million. Share prices were up 2.3 percent to $11.30, after Morgan Stanley projected prices reaching $12.50 and fixed an Overweight rating.

Sysco Corp. (NYSE: SYY) shares fell 6.1 percent to $28.12, on volume of 14.9 million shares, quadruple its daily average, after the food distributor reported a second-quarter profit beneath analysts’ expectations.

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