Archive for December, 2010

NCT jumps, MGM high volume, NAII dives

Wednesday, December 22nd, 2010

Newcastle Investment Corp. (NYSE: NCT) ended higher 12.89 percent in price Wednesday to $6.92. Volume of 2,363,972 shares proved four times its normal share volume. NCT invests in real estate debt and other real estate related assets.

MGM Resorts International (NYSE: MGM) did a brisk business Wednesday, trading in 36,317,989 shares, nipping its daily average. Prices for MGM dipped, however, 1.07 percent to $14.73. MGM is one of the world’s leading global hospitality companies, operating a peerless portfolio of destination resort brands, including Bellagio, MGM Grand, Mandalay Bay and The Mirage.

Natural Alternatives International Inc. (Nasdaq: NAII) listed downward Wednesday, losing 11.83 percent in price to $5.29, on volume of 539,582 shares, compared to a full-day average of 17,905. NAII, based out of San Marcos, Calif., is a leading formulator, manufacturer and marketer of customized nutritional supplements

BBX takes flight, MU solid, ACUR drubbed

Wednesday, December 22nd, 2010

BankAtlantic Bancorp, Inc. (NYSE: BBX) propelled itself higher 15.24 percent in price Wednesday to $1.21. Volume of 3,957,107 shares was more than six times its daily average, as BBX joined lots of regional banks in popping in price Wednesday.

Micron Technology Inc. (Nasdaq: MU) traded in 31,662,200 shares Wednesday, closing in against its daily average of 33,146,500. Prices for MU inched up 1.6 percent to $8.27. MU was set to announce first fiscal-quarter earnings after the closing bell.

Acura Pharmaceuticals Inc. (Nasdaq: ACUR) took it on the chin Wednesday, losing 12.8 percent in price Wednesday to $3.27, on volume of 410,363 shares, or 11 times its full-day average. ACUR is a specialty pharmaceutical company out of Palatine, Illinois.

MIM climbs, GE flies, CPY slumps

Wednesday, December 22nd, 2010

MI Developments Inc. (NYSE: MIM) moved higher by 57.66 percent in price Wednesday to $30.05. Volume of 1,434,751 shares was more than five times its daily average. The company, based out of Aurora, Ontario, announced that its Board of Directors has received a reorganization proposal providing for the elimination of MID’s dual-class share structure.

General Electric Co. (NYSE: GE) traded in 31,770,698 shares Wednesday, giving it a commanding position among volume leaders, though about half of its usual trading prowess. Prices for GE gained 1.63 percent to $18.05. GE Aviation joined Lockheed Martin today to mark the 1000th Dowty advanced propeller system on a C-130J aircraft, in Marietta, Georgia. The C-130J will be delivered to Dyess Air Force Base by year’s end.

CPI Corp (NYSE: CPY) gave up 7.2 percent in price Wednesday to $20.87, on volume of 393,656 shares, or nearly five times its full-day average. Headquartered in St. Louis, CPY provides portrait photography services at approximately 3,000 locations in North America, principally in Sears, Walmart and Babies “R” Us stores.

CNET sings, INTC volume frontrunner, CPIX downward

Wednesday, December 22nd, 2010

ChinaNet Online Holdings Inc. (Nasdaq: CNET) moved higher by 20.79 percent in price Wednesday to $4.30. Volume of 269,526 shares was more than 13 times its daily average. The China-based CNET is a leading full-service B2B media development and internet technology company for small and medium-sized enterprises.

Intel Corp. (Nasdaq: INTC) traded in 32,828,220 shares Wednesday. Although Intel is currently a volume leader, it fell short, in light trading, of its usual volume of 57,889,900. Share prices were down 1% to $220.89.

Cumberland Pharmaceuticals Inc. (Nasdaq: CPIX) retreated 13.04 percent in price Wednesday to $6.00, on volume of 293,784 shares, compared to a full-day average of 64,679. Nashville-based CPIX announced today that it has received a Complete Response Letter from the FDA regarding its supplemental new drug application (sNDA) for Acetadote® (acetylcysteine) Injection to treat patients with non-acetaminophen induced acute liver failure.

MDXX soars, OPTZ sells, DGTW dips

Wednesday, December 22nd, 2010

Medex Inc. (Pink Sheets: MDXX) moved 22.22 percent higher in price to 11 cents. Voplume for the stock was 558,210 shares, trampling over its usual volume of 68,231 shares a day. MDXX is a medical acquisition company focused on consolidating medical supply, medical technology and assisted living and care facility companies worldwide.

Optimized Transportation Management Inc. (OTCBB: OPTZ) was a volume leader among micro-caps Wednesday, trading in 103.78 million shares, towering over an average of 16.66 million. The Pittsburgh-based OPTZ is a freight transportation services and global supply chain solution enterprise.

DigitalTown Inc. (OTCBB: DGTW) took a dive in Wednesday, losing 42.31 percent to $1.50. Volume for this stock was 25,000 shares, compared to a daily average of 9,190. DigitalTown, Inc. in Burnsville, MN, is developing a nationwide network of more than 27,000 local online communities for high school students, alumni, boosters and local citizens.