Archive for the ‘Technology Stocks’ Category

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HSFT strong, GE active, MITL slumping

Wednesday, December 1st, 2010

Hi-Soft Technology International Ltd. (NasdaqGS: HSFT) gained 16.7 percent to $32.50 mid Wednesday afternoon. Volume was 500,152 shares, three times its normal daily volume. The company is a leading China-based provider of outsourced information technology and research and development services

General Electric (NYSE: GE) Wednesday traded in 47,906,318shares, its normal share average around 57,468,400. Shares nudged up 2.84 percent to $16.28. GE Healthcare announced today a research agreement to collaborate with Janssen Pharmaceutica NV, L.L.C. (Janssen) to identify a biosignature related to Alzheimer’s disease.

Mitel Networks Corp. (NasdaqGM: MITL) in Wednesday afternoon trading, fell 11.31 percent to $5.80, on volume of 326,519 shares, far greater than its the full-day average of 57,628. The Ontario-based MITL is a leading provider of unified communications (UC) software solutions.

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CEU marches on, CSCO in brisk trade, MCOX drops

Wednesday, December 1st, 2010

China Education Alliance Inc. (NYSE: CEU) proved one of the price champions mid Wednesday afternoon, gaining 14.81 percent to $3.10. Volume was 1,197,917 shares, compared to normal daily volume of 363,286

Cisco Systems Inc. (NasdaqGS: CSCO) early Wednesday afternoon traded in 54,088,994 shares, its normal share average around 69,116,300. Shares nudged up 0.78 percent to $19.31.

Mecox Lane Limited (NasdaqGM: MCOX) took its lumps in Wednesday afternoon trading, falling 13.5 percent to $7.50, on volume of 1,943,456 shares edging past its normal full-day average of 1,340,500. Mecox Lane Ltd.’s third-quarter net income more than tripled, as consumers snapped up its online products. The Chinese clothing and accessories company earned $797,404 million, or breakeven, for the three months ended Sept. 30. That’s up sharply from $230,217, or breakeven, a year ago.

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ECDC flies, CMGR sells, WTKN flops

Wednesday, December 1st, 2010

East Coast Diversified Corp. New (OTCBB: ECDC) surged 144.26 percent in Wednesday afternoon trading to 1.49 cents, on 6,000 shares, well below its daily average of 180,926.

Camelot Entertainment Group Inc. (OTCBB: CMGR) ran the competition ragged Wednesday, trading in 113.05 million shares, above its daily average of 101.4 million. Share prices were flat at four-100ths of a cent.

WellTek Inc. (OTCBB: WTKN) went south 63.16 percent in Wednesday afternoon trading to seven-100ths of a cent. Volume was a whopping 4.13 million shares, compared to usual volume of 1.32 million. WTKN is an Orlando-based a global health, fitness and wellness company.

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DNN gains ground, MOT sells widely, OREX falters

Wednesday, December 1st, 2010

Denison Mines Corp. (AMEX: DNN) climbed in price 7.42 percent to $3.33 early Wednesday afternoon. Volume was 4,929,037 shares, twice-and-a-half its normal daily volume.

Motorola Corp. (NYSE: MOT) proved quite the popular stock early Wednesday, trading in 33,997,244 shares, its normal share average around 25,960,500 for a full day. Shares in the electronics maker improved 5.55 percent to $8.09. Motorola said late Tuesday that it will split into two entities in January; Motorola Mobility Holdings, including the mobile phone and television set-top box operations, and Motorola Solutions, which will include other communications devices used in government and industry, like bar-code scanners and walkie-talkies.

Orexigen Therapeutics Inc. (NasdaqGM: OREX) fell in price 9.25 percent to $4.71. Volume of 1,798,407 shares nipped ahead the stock’s full-day average. The San Diego-based company brings its weight-loss drug Contrave to an FDA panel next week

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LTON climbs, BAC busy, SCMR slips

Wednesday, December 1st, 2010

Linktone Ltd. (NasdaqGM: LTON) spiked in price 29.79 percent to $1.83 Wednesday. Volume of 1,462,072 shares rolled over its normal daily volume of 22,877. The Chinese wireless interactive entertainment service provider announced Wednesday that its GAAP net income stood at $600,000 U.S. in the third quarter of this year, up from $100,000 U.S. in Q2, but down from the $700,000 U.S. in Q3 2009.

Bank of America Corp. (NYSE: BAC) did brisk business Wednesday, trading 119,934,419 shares, quickly closing in on its daily average volume of 198,958,000. BAC shares nipped ahead in price 0.78 percent to approach noon at $11.02. Bank of America Merrill Lynch today announced the composition and weights for the 2011 Merrill Lynch Commodity index eXtraSM. The MLCX is designed to provide a liquid benchmark for commodity market performance, tracking liquid and cost efficient investments.

Sycamore Networks Inc. (NasdaqGS; SCMR) saw its share prices fall Wednesday morning by 14.49 percent to $25.67. Share volume of 1,024,435 shares nearly quadrupled the stock’s full-day, three month average. The bandwidth solutions company reported quarterly financials Wednesday Revenue for the first quarter of fiscal 2011 was $11.7 million, compared with $15.6 million for the first quarter of fiscal 2010. Net loss for the first quarter of fiscal 2011, on a generally accepted accounting principles (“GAAP”) basis, was $6.5 million, or $0.23 per share, compared with a GAAP net loss of $10.4 million, or $0.37 per share for the first quarter of fiscal 2010.

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