Archive for the ‘Technology Stocks’ Category

BITA rockets up, GE buzzing, ANTP stumbles

Wednesday, January 19th, 2011

Bitauto Holdings Limited America (NYSE: BITA) increased in price 12 percent to $10.48 midday Wednesday. Volume of 381,406 shares trailed its full-day volume average of 395,615, after Oppenheimer initiated coverage on the stock at Outperform.

General Electric Company (NYSE: GE) traded Wednesday in 33,684,575 shares, catching up on its full-day average of 54,463,100. Prices for the stock slid 1.6 percent to $18.31, after stating that its deals with China have totaled $2 billion.

Phazar Corporation (Nasdaq: ANTP) toppled 17.3 percent Wednesday to $3.79. Volume for the stock was 158,483 shares, four times its normal daily volume. Wednesday, Phazar reported quarterly Earnings Per Share of $0.01 vs. $0.00 in 2Q10; revenues rose 8% year-over-year to $2.3 million.

GENE jumps, BAC busy, COOL freezes

Wednesday, January 19th, 2011

Genetic Technologies Inc. (Nasdaq: GENE) vaulted 65.8 percent to $5.57 Wednesday. Volume of 538,264 shares trampled its full-day volume average of 17,027.

Bank of America Corporation (NYSE: BAC) was a volume leader Wednesday, trading in 99,658,930 shares, catching up on its full-day average of 217,463,000. Prices for the stock slid back 2.8 percent to $14.59, as lower prices for bank shares weighed on the markets.

Majesco Entertainment Company (Nasdaq: COOL) tanked 17.9 percent Wednesday to $1.15.  Volume for the stock was 1,426,060 shares, three times its normal daily volume. Tuesday, COOL reported quarterly net revenues decreased 2.2 percent to $23.4 million versus $23.9 million in the same period a year ago. During this same period, the Company reported an operating loss of $1.3 million, compared to an operating loss of $5.5 million in the fourth quarter of 2009.

CIMT catches fire, C trades widely, LNET eases off

Wednesday, January 19th, 2011

Cimatron Limited (Nasdaq: CIMT) climbed 17.4 percent to $4.30 Wednesday. Volume of 238,432 shares very nearly quadrupled its full-day volume average, on word CIMT has signed a partnership and distribution agreement with Atometric Inc., a provider of CNC micro-machining centers and contract micro-machining solutions.

Citigroup Inc. (NYSE: C) was a volume leader early Wednesday, trading in 249,690,475 shares, catching up on its full-day average of 554,789,000. Prices for the stock inched up 0.3 percent to $4.82., after Oppenheimer fixed an Outperform rating and $5.50 price target.

LodgeNet Interactive Corporation (Nasdaq: LNET) tanked 24 percent Wednesday to $3.13. Volume for the stock was 1,813,261 shares, seven times its normal daily volume. LNET is the leading provider of media and connectivity solutions designed to meet the unique needs of hospitality, healthcare and other guest-based businesses.

DTLK has rosy outlook, VZ turns up volume, ONSM slips

Tuesday, January 18th, 2011

Datalink (Nasdaq: DTLK) sprinted ahead 29.1 percent to $5.86, a three-year high. Volume of 1,649,908 shares trampled its full-day volume average of 35,395, on word DTLK raised its fourth-quarter outlook on increased demand for its storage products.

Verizon Communications Inc. (NYSE: VZ) was a volume leader Tuesday, trading in 41,815,258 shares, 2 ½ times its full-day average. Prices for the stock were down 3.1 percent to $34.36. VZ announced last week that it will begin selling Apple’s iPhone early next month.

Onstream Media Corporation (Nasdaq: ONSM) fell 14.3 percent to $1.08. Volume for the stock was 451,217 shares, towering over its all-day average of 78,272. ONSM is a leading online service provider of live and on-demand Internet broadcasting, corporate web communications and virtual marketplace technology.

YGE in the green, INTC in groove, EMMS in doldrums

Tuesday, January 18th, 2011

Yingli Green Energy Holding Co. (NYSE: YGE) showed a lot of energy Tuesday, advancing 9.6 percent in price to $11.52. Volume was a hefty 6,437,078 shares, or nearly twice its full-day volume average. YGE is a leading solar energy company and one of the world’s largest vertically integrated photovoltaic manufacturers.

Intel Inc. (Nasdaq: INTC) got the word out Tuesday, trading in 41,828,185 shares, shy of its full-day average of 55,659,500. Prices for the stock were flat at $21.08. Arizona Gov. Jan Brewer wants to cut corporate income and business equipment taxes as well as expanding breaks for INTC and other manufacturers.

Emmis Communications Corporation (Nasdaq: EMMS) fell 11 percent to $1.05. Volume for the stock was 320,382 shares, just a shade below its all-day average of 342,520.