Archive for the ‘Technology Stocks’ Category

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CIMT jets ahead, C, BAC hold own, SMT down on downgrade

Wednesday, November 10th, 2010

Cimatron Limited (NasdaqCM: CIMT) stood out amid all the initial gloom on Wednesday, gaining 68.54 percent in price to $3.00 in the first trading hour. Volume broke away from its three-month daily restraints of 6,132 and crowded the half-million mark to begin the day. The Israeli-based provider of integrated CAD/CAM solutions for the toolmaking and manufacturing industries announced third-quarter revenues were up 26% from the same quarter last year.

Citigroup (NYSE: C) proved the volume leader early Wednesday, trading in 107,771,989 shares in the first hour. The banking group even managed to forge ahead in price by 0.47 percent to $4.32.

Bank of America Corporation (NYSE: BAC) traded in 48,192,182 shares in the first hour Wednesday, compared to a daily three-month average of 193,972,000. BAC shares inched up 0.16 percent to $12.29.

Smart Technologies Inc. (NasdaqGS: SMT) saw its price tumble 27.47 percent in Wednesday’s first hour to $9.48. Volume in SMT hit 6,537,933 shares in the opening hours, more than 10 times its three-month average. The slip comes after a downgrade by RBC Capital Markets to “sector perform” from “outperform”.

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Posted in Financial Stocks, Industrial Stocks, Technology Stocks | 1 Comment »

WSP keeps gaining, MGM among volume leaders, IIIIU slides

Monday, November 8th, 2010

WSP Holdings Limited (NYSE: WH) sprinted ahead 14.39 percent Monday to register at $1.59 soon before the closing bell. Volume was 313,312 shares, more than triple its daily average. WSP Holdings is a leading Chinese manufacturer of API (American Petroleum Institute) and non-API seamless casing, tubing and drill pipes used in oil and natural gas exploration.

MGM Resorts International (NYSE: MGM) got traction in late Monday trading, moving up 6.77 percent to $12.93. Volume of 76,693,483 shares dwarfed its three-month daily average of 27,642,800. The company announced last week that it has closed its previously-announced sale of four long-term ground leases and their respective underlying real property parcels at The Borgata Hotel Casino & Spa in Atlantic City, New Jersey.

Information Services Group Inc. (NasdaqGM: IIIIU) sank 23.48 percent late Monday to $6.68. Volume was 113,778 shares. The stock’s three-month daily average was not available at press time. The Stamford, Conn. Company was founded in 2006 to build an industry-leading, high-growth, information-based services company by acquiring and growing businesses in advisory services, including strategy, implementation and management, and market information, including market measurement, analytics and related products and services.

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Posted in Consumer Discretionary Stocks, Energy Stocks, Technology Stocks | No Comments »

CTLI, SHNL jump, CPMCF dips

Monday, November 8th, 2010

Compress Technologies Inc. (Pink Sheets: CTLI) achieved a new 52-week trading high late Monday afternoon by gaining 1,233.33 percent to $2.00, on a modest 2,000 shares. Compress Technologies, Inc., is a Pompano Beach, Florida-area technology based company, which has acquired VMSK Technology as well as the rights to Nano Technology, MSB, 3PRK and other technologies.

Shentang International, Inc. (SHNL.OB) leaped 600 percent Monday afternoon to 3.5 cents, on volume of 28,500. The stock’s 52-week trading range runs from half a cent to $2.525. The Chinese-based Shengtang engages in design, source for production and sale of glass products, which are used as festival gifts, home decorations and craftworks

Coastal Pacific Mining Corp. (CPMCF.OB) plummeted 38.67 percent in price to 19 cents in Monday trading, on volume of 50.15 million shares. The stock’s 52-week trading range has peaked around 82 cents. The Calgary-based miner announced it has completed $1,000,000 of a $2,000,000 private financing for operations and exploration of its properties. 

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Posted in Consumer Discretionary Stocks, Energy Stocks, Technology Stocks | No Comments »

HTM shows its power, INS proves brainy, SPDR flies off shelves, DPW down

Monday, November 8th, 2010

U.S. Geothermal Inc. (AMEX: HTM) leaped 22.73 percent to $1.35, on volume of 1,986,007 shares, or nearly 10 times its daily average. The Boise, Idaho company has scheduled a conference call for Tuesday, to discuss second-quarter financials. U.S. Geothermal Inc., a renewable energy company focused on the production of electricity from geothermal energy, owns and operates geothermal power plants at Raft River, Idaho and San Emidio, Nevada, and is developing the Neal Hot Springs project in Oregon.

Intelligent Systems Corporation (AMEX: INS) went skyward 50.93 percent to $1.60 in early afternoon trading Monday.  INS share volume surpassed 13,650 shares, dwarfing its three-month daily average of 1,267. INS, based in Norcross, Georgia, for 30 years, has identified, created, operated and grown early stage technology companies.

SPDR S&P 500 (NYSEArca: SPY) led AMEX volume stocks early Monday afternoon by trading in 81,826,044 shares. Daily three-month average is 194,042,000 shares. The index-based issue lost some traction, though, faltering in price 0.18 percent to $122.50.

Digital Power Corporation (AMEX: DPW) gave back 11.28 percent in price in early afternoon trading Monday to $1.73. Volume quadrupled its three-month daily average at124,392 shares. The company, based in Fremont, Calif., last week reported third-quarter revenues increased by 87 percent to $3,186,000, compared to $1,708,000 for the quarter ended September 30, 2009. Net income was $303,000 for the quarter ended September 30, 2010, compared to a net loss of $205,000 for the same quarter last year.

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Posted in Energy Stocks, Financial Stocks, Technology Stocks | 1 Comment »

IMPX shoots skyward, MNGPY volume leader, SGAMY jumps, SDVG takes header

Monday, November 8th, 2010

IMP, Inc. (Pink Sheets: IMPX) leaped 3,233.33 percent early in Monday’s trading to 0.01. Volume was 1,000 shares. The Group’s principal activities are to design, manufacture and market integrated circuit (IC) semiconductor devices.

Man Group PLC (Pink Sheets: MNGPY) was among the volume leaders in the small cap arena, trading in 1,420,288 shares. The price skidded 1.66 percent to $4.73 in the first two hours of trading. Man Group boasts it has built a significant managed accounts platform as an investor, in contrast to the flow-driven business model of other providers which tend to focus less on the underlying investment management application.

Sega Sammy Holdings, Inc. (Pink Sheets: SGAMY) jumped 1.52 percent in price Monday morning to $4.02, based on 1,382,727 shares. A leading maker of video games, SEGA is known for its Sonic the Hedgehog franchise.

Superior Development Group, Inc. (Pink Sheets: SDVG) very nearly halved its price Monday morning, tumbling 99.85 percent to three-100ths of a cent, on 1,950 shares. The stock has a 52-week range of up to 49 cents. The company, based in Clarksdale, Miss., is a real estate development consulting firm.

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Posted in Consumer Discretionary Stocks, Financial Stocks, Technology Stocks | No Comments »

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