Archive for November, 2010

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HHC gets boost, S trades widely, WG sags

Monday, November 15th, 2010

The Howard Hughes Corporation (NYSE: HHC) climbed in price 9.17 percent to $40.35 in mid-afternoon trading on Monday. Volume in the company was 371,160 shares, within sight of its three-month daily average of 481,350. HHC was the result last week of a spinoff involving former parent company General Growth Properties Inc., the second-largest U.S. mall operator.

Sprint Nextel Corporation (NYSE: S) was among the volume leaders in late-afternoon trading Monday, doing business in 48,858,413 shares, compared to a full-day average of 45,064,600. The stock got punished, though, 3.35 percent in price to $3.89. Sprint announced Monday it has extended its WiMAX wireless broadband service to Sacramento, Calif, adding that it had opened its fifth California market and plans to begin selling the fourth-generation (4G) service in Los Angeles and San Francisco by the end of the year.

Willbros Group Inc. (NYSE: WG) lost ground Monday in its stock price, dropping 8.47 percent to $7.56. Volume in WG was 1,188,206 shares, compared to a daily average of 416,564.  Houston-based Willbros Group is an independent contractor serving the oil, gas, power, refining and petrochemical industries

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FTK runs, CSCO does brisk business, MMYT tagged on taxes

Monday, November 15th, 2010

Flotek Industries Inc. (NYSE: FTK) galloped ahead 9.7 percent to $2.94. Volume was 1,511,761 shares, or triple its daily average in volume. Houston-based FTK manufactures and markets innovative specialty chemicals, downhole drilling and production equipment, and manages automated bulk material handling, loading and blending facilities.

Cisco Systems Inc. (NasdaqGS: CSCO) engaged in share volume of 79,993,770 in mid-afternoon trading Monday, climbing over its daily average of 67,017,800. CSCO stock skidded, though, by 0.62 percent in price to $20.02. The San Jose-based software giant announced Monday it will host a live Cisco TV broadcast and Q-and-A session to discuss what organizations need to consider as they transition to IPv6, a version of the Internet Protocol that is designed to succeed the current IPv4 protocol.

MakeMyTrip Limited (NasdaqGM: MMYT) got bruised in mid-afternoon trading Monday, losing 23.25 percent in price to $29.28. MYMT volume was 2,008,990 shares, or four times its daily average. The Indian travel company reported weak quarterly results and said it received a demand of service tax from regulators. For the second quarter, MakeMyTrip reported an adjusted profit of two cents a share in line with analysts view, according to Thomson Reuters I/B/E/S. Excluding service costs, revenue totalled $12.9 million, below estimates of $13.7 million.

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ELCR in gear, LFBG high volume, CGFIA loses luster

Monday, November 15th, 2010

Electric Car Company Inc. (OTCBB: ELCR) saw its stock price double in mid-day trading Monday to one-100th of a cent, on volume of 91.1 million shares.  The Springfield, Mo.-based company specializes in electric conversions and manufacturing for the Livery, Fleet and Private Specialty Markets.

Left Behind Games (OTCBB: LFBG) proved one of the most active of micro-caps trading in the early afternoon Monday, dealing in 72,844,074 million shares. Stocks gained nearly 15 percent to $0.01. The Murrieta, Calif.-based video game maker is the only publicly-traded, exclusive publisher of Christian video game software.

Colorado Goldfields Inc. (OTCBB: CGFIA) stumbled in price 14.29 percent in early afternoon trading Monday to 18-100ths of a cent. Volume in this stock was 16.47 million shares. The junior miner is based out of Lakewood, Colo.

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AIB reacts to EU speculation, BAC deals widely, RINO slumps on profit news

Monday, November 15th, 2010

Allied Irish Banks, PLC (NYSE: AIB) pumped stronger in price by 10.10 percent approaching midday in New York, to $1.14. Volume in this stock 3,451,782 shares, just shy of its three-month daily average of 4,945,550 shares.  Shares of Allied Irish picked up as speculation increases Ireland will get some sort of bailout from the European Union.

Bank of America Corp. (NYSE: BAC) proved quite the active stock in Monday morning trading, exchanging 46,667,839 shares. Normal daily share volume is around 194,841,000. BAC shares gained 0.99 percent in price to $12.25. BAC said Monday 30-day- plus credit-card delinquencies fell to 5.60 percent in October from 5.71 percent in September. Write-offs rose to 10.15 percent from 9.99 percent on an annualized basis. The information was disclosed in a regulatory filing.

RINO International Corporation (NasdaqGS: RINO) listed downward 23.07 percent by midday Monday in New York to $8.47. Volume of 3,408,627 more than quadrupled its 3-month average for an entire day. The clean energy company reported net income was $8.8 million, or 31 cents a share, compared with $17.1 million, or 68 cents a share, last year. Revenue fell 17 percent to $52.1 million.

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BUCY jumps on M&A news, F sells on Focus news, THOR skips a beat

Monday, November 15th, 2010

Bucyrus International Inc. (NasdaqGS: BUCY) exploded in price 28.67 percent to $89.58 Monday morning. Its pre-noon volume of 18,060,713 shares dwarfs its full-day average high of 1,896,260.  The jump comes on word that Caterpillar, the world’s largest maker of mining and construction equipment, is making a try for a $8.6-billion acquisition of Bucyrus International, a maker of draglines, drill, shovels and other equipment used by coal miners.

Ford Motor Company (NYSE: F) was among the volume leaders Monday morning, dealing in 83,650,404, surpassing the car maker’s average daily volume.  The shares price hiked 4.23 percent to $16.99. Ford announced Monday that it will introduce the battery-powered Focus compact, its first all-electric passenger car, in 19 U.S. cities in late 2011.

Thoratec Corp. (NasdaqGS: THOR) headed south in price 19.22 percent as Monday’s clock approached noon to $25.00. Volume was 7,367,749 shares, better than seven times its daily average.  The Pleasanton, Calif.-based heart device maker made news last week in announcing it was selling its diagnostic test business to private equity firm Warburg Pincus LLC for $55 million.

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