Archive for November, 2010

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EX excels, SIRI dishes widely, ASTM falls

Thursday, November 18th, 2010

Exelixis Inc. (NasdaqGS: EXEL) improved in price by 29.66 percent in Thursday afternoon trade to $6.12 Volume of 11,806,150 shares proved about 12 times the stock’s three-month daily average. The drug maker Thursday reported interim data from the cohort of patients with advanced epithelial ovarian cancer, primary peritoneal, or fallopian tube carcinoma treated with XL184 in an ongoing phase 2 adaptive randomized discontinuation trial (RDT).

Sirius XM Radio Inc. (NasdaqGS: SIRI) was a volume leader Thursday afternoon, with 47,602,492 shares changing hands, against its usual daily volume of 75,126,200 shares. SIRI shares added 3.70 percent Thursday in price to $1.40.

Aastrom Biosciences Inc. (NasdaqCM: ASTM) fell in price Thursday by 22.14 percent to $3.27. Volume of 4,182,850 shares trampled over usual daily volume of 1,068,090 shares. The Michigan-based developer of expanded autologous cellular therapies today announced that an interim analysis of all 86 patients enrolled in the company’s Phase 2b RESTORE-CLI clinical trial shows that the study achieved both its primary safety endpoint and primary efficacy endpoint of time to first occurrence of treatment failure.

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CABB jumps, SGAMY trades widely, ABPI sinks after Chapter 11

Thursday, November 18th, 2010

California Business Bank (OTCBB: CABB) gained 28.89 percent in Thursday afternoon trading to $2.90. Volume was 1,100 shares, easily surpassing its 3-month daily average volume of 488.

Sega Sammy Holdings Inc Sponsored ADR (Pink Sheets: SGAMY) was among the volume leaders in micro-caps Thursday afternoon, with 5,209,257 shares changing hands, more than 15-times its average volume of 333,776. The stock gained 4.48 percent in price to $4.20.

Accentia Biopharmaceuticals Inc. (Pink Sheets: ABPI) lost 1.02 percent in price Thursday afternoon to 97 cents. Volume was 289,330 shares. ABPI announced Wednesday that the Company and its majority-owned subsidiary, Biovest International, Inc. have both successfully completed their reorganizations. Pursuant to their respective Plans of Reorganization approved by the bankruptcy court, Accentia and Biovest have now formally exited Chapter 11 as fully restructured organizations.

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CDTI leaps, CSCO posts strong volume, VRGY bruised

Thursday, November 18th, 2010

Clean Diesel Technologies Inc. (NasdaqCM: CDTI) prospered 19.13 percent in price in early Thursday afternoon trade to $18.25  Volume of 286,570 shares trumped the stock’s three-month daily average of 48,333. The Ventura, Calif.-based CDTI is a cleantech emissions reduction company.

Cisco Systems Inc. (NasdaqGS: CSCO) was a volume leader early Thursday afternoon, with 55,840,000 shares changing hands, against its usual daily volume of 68,212,800 shares. CSCO shares nipped ahead 0.8 percent Thursday in price to $19.56.

Verigy Ltd. (NasdaqGS: VRGY) fell in price early Thursday by 6.17 percent to $8.36. Volume of 4,340,000 shares trampled over usual daily volume of 628,148 shares. It was announced Thursday that LTX-Credence Corporation was being investigated for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to complete a sale of the Company to Verigy Ltd.

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LTX has credence, BAC active, ALOT sinks,

Thursday, November 18th, 2010

LTX-Credence Corporation (NasdaqGM: LTXC) galloped ahead 31.10 percent in price by noon ET Thursday to $7.84. Volume of 6,628,004 shares trumped the stock’s three-month daily average of 531,400. Thursday, it was announced that LTXC was being investigated in connection with the proposed acquisition by Verigy. The probe seeks to determine whether LTXC and its Board breached their fiduciary duties by entering into the agreement without properly shopping for a deal that would provide better value for shareholders.

Bank of America (NYSE: BAC) did a brisk trade by midday Thursday, with 80.3 million shares changing hands, against its usual daily volume of 259,370,000 shares. BAC shares nipped ahead 0.65 percent Thursday in price to $11.69. It was announced Thursday that BAC ranked number one among all banks in the amount of credit extended through the U.S. Small Business Administration’s 504 loan program during the last fiscal year.

AstroMed Inc. (NasdaqGM: ALOT) fell in price early Thursday by 9.4 percent to approach noon at $6.65. Volume of 63,500 shares trounced its usual daily volume of 2,998 shares. The Rhode Island-based ALOT reported this week net sales of $18,329,000 and net income of $792,000 for the third quarter of 2010, compared to net sales of $16,658,000 and net income of $683,000.

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Irish theme continues with AIB, F in gear, HEAT cools

Thursday, November 18th, 2010

Allied Irish Banks (NYSE: AIB) gained 9.26 percent in price in early trading Thursday to $1.18. Volume of 3,292,252 shares rapidly approached the stock’s three-month daily average of 5,221,820. AIB announced Thursday that it will issue an Interim Management Statement during the day on Friday, November 19.

Ford Motor Company (NYSE: F) shares flew off the shelves Thursday near noon, with volume of 109,785,493 shares towering over its usual daily volume of 77,227,800. Shares slid 1.95 percent Thursday, however, to $16.35. The carmaker currently the top shareholder in Mazda Motor Corp. announced Thursday that it will sell about 70% of its shareholdings in the Japanese automaker on the Tokyo stock market Friday, but the two automakers are expected to maintain their strategic alliance.

SmartHeat Inc. (NasdaqGM: HEAT) fell in price early Thursday by 10.71 percent to $5.05. Volume of 1,885,516 shares proved nearly five times its average for a full day. The company announced Thursday the pricing of its previously announced public offering of 5,000,000 shares of its common stock pursuant to an effective shelf registration statement at a public offering price of $5.00 per share. The transaction is expected to close on or about November 23.

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