Archive for the ‘Technology Stocks’ Category

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FTK shoots higher, S transmits volume, RINO wounded

Thursday, November 11th, 2010

Flotek Industries, Inc. (NYSE: FTK) gained 24.42 percent in price to $2.70. Volume in FTK stock Thursday was 3,166,940 shares, or nearly nine times its average. The Houston-based FTK manufactures and markets innovative specialty chemicals, downhole drilling and production equipment, and manages automated bulk material handling, loading and blending facilities. Wednesday, it announced Q3 revenues $40.0 million, an increase from $23.8 million in the third quarter of 2009. The Company posted a Q3 net loss attributable to common shareholders of$2.4 million, an improvement over $23.9 million in the third quarter of 2009.

Sprint Nextel Corporation (NYSE: S) did business amounting to 54,253,794 shares Thursday, compared to its daily average of 44,550,900. S added 1.9 percent in price to $4.01 as the final bell was getting ready to sound. Sources say Sprint and Clearwire (Nasdaq: CLWR) are arguing smart phone payments, S having initiated arbitration proceedings to resolve the dispute.

RINO International Corporation (NasdaqGS: RINO) took a price hit late Thursday, dropping 17.75 percent to $10.84. Volume in RINO was 5,808,674 shares, or nearly eight times the normal volume. The Chinese-based clean technology firm has set Monday as announcement date for its third-quarter financial results.

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HLYS hale, SIRI has high volume, NASB flounders

Thursday, November 11th, 2010

Heelys, Inc. (NasdaqCM: HLYS) had a stellar early afternoon Thursday, climbing 23.59 percent to $3.51. Volume in the stock surmounted 2,512,432 where it would normally be around 61,000.  The Carrollton, Texas-based sports shoe maker reported Wednesday about its Nano™ shoe-skate, which creates a hybrid skate system by working with Heelys to create a stable platform for the front foot, allowing the user’s rear foot to build momentum, carve sharp turns, and perform a wide variety of tricks.

Sirius XM Radio Inc. (NasdaqGS: SIRI) broke towards the top of the pack among volume leaders, trading 44,142,343 shares Thursday, in comparison to a full-day average of 75,408,100. Those shares slid a bit in price, though, by 1.71 percent to $1.43, on word that a Knight Libertas media and telecom analyst raised her SIRI price target to $1.67 from her previous fair value estimate of $1.32-$1.48.

NASB Financial, Inc. (NasdaqCM: NASB) struggled Thursday in afternoon trading, falling in price 17.46 percent to $15.65. Volume in NASB was 9,305 shares, only slightly above its daily average of 7,171. NASB operates a retail banking operation in Missouri and Kansas.

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CPC soars, ALU sells, ARBX trips

Thursday, November 11th, 2010

Chemspec International Limited (NYSE: CPC) positively sang in early afternoon trading Thursday, chugging ahead 20.89 percent to $7.64. Volume in CPC was 178,054 shares, nearly quadruple its daily volume average. The Shanghai-based contract manufacturer of highly-engineered specialty chemicals has set Friday morning to announce its third-quarter financial results.

Alcatel-Lucent (NYSE: ALU) reported wide volume of 41,327,621 shortly after noon ET, nearly triple its full-day volume average. Shares took a bit of a beating, 3.18 percent, to $3.04.  The Las Vegas-based transformation partner reported Thursday that its IPTV Micro-Architecture solution designed for underserved smaller local and regional markets garnered a TelcoTV Vision Award in the “Most Innovative Middleware” category at TelcoTV 2010, the largest video conference and expo focused on the U.S. service provider market.

Arbinet Corporation (NasdaqGM: ARBX) got stung Thursday afternoon 21.02 percent in price to register at $5.45. Volume was 23,083 shares, in contrast to usual volume of 3,545. The telecommunications concern, based in Herndon, Va., reported Thursday total revenues for the third quarter 2010 were $85.2 million, a 1.4% increase from total revenues of $83.9 million for the third quarter 2009. Third-quarter 2010 gross profit was$3.5 million, down 6.8% compared with $3.8 million in the third quarter 2009

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Small-cap markets awash in AWSH, XSRAY seeks new peak, GCPL, IZON slump

Thursday, November 11th, 2010

American Wenshen Steel Group Inc. (OTCBB: AWSH) surged 19,300 percent in the first hours of Thursday’s trading to 97 cents, approaching a new 52-week high. Volume was a mere 100 shares, however.

Xstrata plc (Pink Sheets: XSRAY) proved one of the small cap markets most active issues early Thursday, its volume a whopping 1,327,098 shares. The stock picked up 3.87 percent in price to boot, surging to $4.56, approaching a new 52-week high.

Global Capital Partners, Inc. (Pink Sheets: GCPL) took it on the chin early Thursday, loosening 98.95 percent from its price to four-100ths of a cent, on only 100 shares. The stock has known a 52-week high of 3.8 cents.

InZon Corp. (Pink Sheets: IZON) fell in price Thursday by 95 percent to three-100ths of a cent on volume of 2,725 shares. The communications company, based in Delray Beach, Fla.., has seen a stock high of 10 cents during the last 52 weeks.

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OPTC greets new suitor, CSCO sells widely, ANW sinks

Thursday, November 11th, 2010

Optelecom-NKF Inc. (NasdaqCM: OPTC) leaped out of the blocks Thursday morning, gaining 50.57 percent to $2.38. Volume was 635,042 shares, in contrast with a three-month daily average of just over 5,600. The news comes amid word that Dutch company TKH Group N.V. has agreed to acquire all of the outstanding shares of Optelecom-NKF in an all cash merger transaction for $2.45 per share.

Cisco Systems Inc. (NasdaqGS: CSCO) proved the early volume leader Thursday, trading in 226,596,870 shares, nearly quadruple its daily average in just the session’s first hour.  The stock’s price, however, trailed yesterday’s close by 14.94 percent to $20.84. The news follows the networking equipment giant’s second-quarter forecast. Late Wednesday, Cisco said it expects sales for the three months ending in January to rise just three to five percent from a year ago — well short of the 13-percent growth that analysts surveyed by FactSet Research had been anticipating for year-over-year revenue.

Aegean Marine Petroleum Network (NYSE: ANW) fell hard in early dealings Thursday, losing 34.75 percent in price to $10.40, a new 52-week low. Volume of 7,332,076 shares dwarfed the daily average of 520,606. The Greek company said Wednesday its net income slid to $4.6 million, or 10 cents per share, compared with $14.1 million, or 33 cents per share, in the year-ago period. Excluding items it earned 16 cents, less than half what analysts expected.

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