Archive for the ‘Technology Stocks’ Category

GKK gets some traction, S trades widely, GNI in the swamp

Monday, January 10th, 2011

Gramercy Capital Corp. (NYSE: GKK) shares gained 10.4 percent to $3.09 Monday. Volume of 1,551,914 shares was more 2 1/2 times its usual volume. GKK is a self-managed integrated commercial real estate finance and property investment company.

Sprint Nextel Corp. (NYSE: S) traded in 47,181,985 shares Monday afternoon, approaching its daily average of 51,474,800. Prices for S trailed Friday’s close by 2.9 percent to $4.55. Consumers today will begin seeing TV advertising in a campaign touting the benefits of the company’s third 4G-capable smartphone.

Great Northern Iron Ore Properties (NYSE: GNI) dipped 21.6 percent Monday to $104.42. Volume for the stock of 121,377 shares proved 11 times its daily average, after Citron Research issued a negative report on the company.

PSTI leaps, INTC does brisk trade, EDMC sinks

Monday, January 10th, 2011

Pluristem Therapeutics Inc. (Nasdaq: PSTI) shares gained 21% to $2.25 Monday. Volume of 1,292,669 shares proved more than eight times its usual volume, on word after National Securities initiated coverage of the maker of cell therapy products with a “buy” rating.

Intel Corp. (Nasdaq: INTC) traded in 33,375,408 shares, more than half its daily average of 55,527,400. Prices for INTC inched ahead 0.2 percent to $20.69. INTC today unveiled its Connected Store concept, a two-story, 2,400 square-foot futuristic retail storefront equipped with the latest technology for the retail and digital signage market segments.

Education Management Corp. (Nasdaq: EDMC) went south 16.7 percent Monday to $13.84. Volume for the stock of 526,570 shares far surpassed its daily average of 351,042. EDMC is a leading provider of post-secondary education.

HILL climbs, MSFT busy, CPLA schooled

Monday, January 10th, 2011

Dot Hill Systems Corp. (Nasdaq: HILL) shares gained 28.6% to $2.43 Monday. Volume of 1,025,822 shares proved more than six times its usual volume, on word that the Colorado-based storage solutions company projects fourth-quarter net revenue in the range of $65.0 to $65.5 million, compared to previous guidance of $58.0 to $62.0 million. Non-GAAP gross margin is expected to be in the range of 21% to 22%, compared to previous guidance of 19% to 20%.

Microsoft Corp. (Nasdaq: MSFT) did great volume Monday, trading in 31,172,497 shares, more than half its daily average of 57,160,700. Prices for MSFT demurred 1.4 percent to $28.20. Microsoft Corp. today announced that business-critical Windows 7 applications for the retail and hospitality industry will be demonstrated in its booth (No. 836) this year at the National Retail Federation’s 100th Annual Convention & Expo.

Capella Education Company (Nasdaq: CPLA) sustained a loss of 18.4 percent Monday to $54.79. Volume for the stock was 956,579 shares or nearly quadruple its daily average. CPLA provides exclusively online post-secondary education through its wholly-owned subsidiary Capella University.

QXM climbs, S steady, AVL settles back

Thursday, January 6th, 2011

Qiao Xing Mobile Communication Co., Ltd. (NYSE: QXM) grew 14.1 percent in price Thursday to $5.75. Volume of 1,242,177 shares proved better than five times its normal daily volume. QXM is among the leading players in the molybdenum-mining business.

Sprint Nextel Corp. (NYSE: S) did fair volume Thursday, trading in 54,001,396 shares, nosing out its daily average. Prices for the stock inched up 0.7 percent to $4.65, after revealing its leading role in collaboration with UL Environment in the development of a new international sustainability standard for mobile devices.

Avalon Rare Metals Inc. (AMEX: AVL) was punished 12.3 percent in Thursday trading to $6.40. Volume for the stock was 6,431,980 shares, nearly five times its daily average. AVL is a mineral exploration and development company focused on rare metals deposits in Canada.

GSL grows, CSCO trades, PEIX plummets

Thursday, January 6th, 2011

Global Ship Lease, Inc. (NYSE: GSL) grew 14.1 percent in price Thursday to $5.75. Volume of 1,242,177 shares proved better than five times its normal daily volume. GSL is a London-based a containership charter owner.

Cisco Systems Inc. (Nasdaq: CSCO) traded in 54,783,485 shares by late afternoon Thursday. While this put CSCO among the volume leaders, it was still below its daily average of 71,315,200. Prices for the stock gained 0.8 percent to $20.95. Verizon Wireless and Cisco today announced Verizon Wireless will be the first service provider to deliver a fourth-generation (4G) wireless version of Cisco Cius™, a purpose-built, mobile collaboration business tablet that will be available in Spring 2011.

Pacific Ethanol Inc. (Nasdaq: PEIX) fell 11.8 percent in Thursday trading to 91.69 cents. Volume for the stock was 6,410,502 shares, nearly triple its daily average. PEIX is leading West Coast marketer and producer of low-carbon renewable fuels.