Archive for December, 2010

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CRMD healthy, F rolls off lot, PWAV subsides

Monday, December 13th, 2010

CorMedix Inc. (AMEX: CRMD) boosted its price 18.31 percent to close Monday’s trading at $1.68. Volume for the stock was 85,819 shares, or about seven times its normal daily average. CRMD is a pharmaceutical company focused on developing and commercializing therapeutic products for the prevention and treatment of cardiorenal disease

Ford Motor Company (NYSE: F) traded in 52,625,749 shares, but still a whole lot less than its daily average of 84,557,800 shares. Share prices retreated 1.55 percent to $16.47. Ford said Monday it will begin construction on a new plant in Nanchang City, capital of east China’s Jiangxi Province, next year.

Powerwave Technologies Inc. (NasdaqGS: PWAV) backtracked 11.48 percent to close Monday at $2.39. Volume of 5,798,434 shares, more than tripled its full-day average. The company is a global leader in end-to-end wireless coverage and capacity solutions.

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Posted in Consumer Discretionary Stocks, pharmaceutical stocks, Technology Stocks | No Comments »

ZVTK zips higher, CMGR trades, HHWW stumbles

Monday, December 13th, 2010

Zevotek Inc. (OTCBB: ZVTK) zoomed ahead 115.69 percent Monday to 1.1 cents, on volume of 67.89 million shares, compared with a daily average of 4.09 million shares. ZVTK is a New York-based a worldwide direct marketer and distributor of consumer products.

Camelot Entertainment Group Inc. (OTCBB: CMGR) was a volume leader among micro-caps Monday, with 307.51 million of its shares changing hands, compared to 145.08 million it usually trades. Prices fell 33.33 percent, however, on Monday to two-100ths of a cent. Camelot Entertainment Group, Inc. announced today that its animated classic PUFF THE MAGIC DRAGON will air as part of ABC Family annual “25 Days of Christmas” event tomorrow, at 7:00 p.m.

Horiyoshi Worldwide Inc. (OTCBB: HHWW) rather took it on the chin Monday, losing 66.88 percent of its strength to $1.04. Volume for the stock was 15.62 million, trampling on its usual volume of 2.2 million. The Los Angeles-based HHWW announced today that the Company has secured retail distribution with multi-brand department store, DASLU.

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CRDC in gear, INTC busy trader, ENMD drops

Monday, December 13th, 2010

Cardica Inc. (NasdaqGM: CRDC) rocketed up 23.49 percent mid-afternoon Monday to $3.47. Volume for the stock was 630,521 shares, or more than 10 times its normal daily average. CRDC designs and manufactures proprietary stapling and anastomotic devices for cardiac and endoscopic surgical procedures.

Intel Corp. (NasdaqGS: INTC) traded in 56,971,125 shares, closing in on Intel’s its normal daily average of 59,805,000. Prices for the chipmaker tailed off a bit, though, 1.87 percent to $21.50.

EntreMed Inc. (NasdaqCM: ENMD) moved earthward 7.35 percent to $5.04 on Monday afternoon. Volume was 206,151 shares, more than double its full-day average. ENMD, based in Rockville, Md., is a clinical-stage pharmaceutical company developing therapeutics for the treatment of cancer

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DNEX up, HBAN active, MILL slumps

Monday, December 13th, 2010

Dionex Corp. (NasdaqGS: DNEX) prospered 20.13 percent in price Monday afternoon to $117.93. Volume was 1,176,138 shares squashed the stock’s normal daily average of 62,998, amid word that DNEX is being probed for shareholders in connection with the proposed acquisition by Thermo Fisher Scientific. The investigation seeks to determine whether Dionex 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.

Huntington Bancshares Inc. (NasdaqGS: HBAN) traded in 37,557,116 shares, almost 2-and-a-half times its normal daily average. Prices for HBAN pointed downward, though, 4.61 percent to $6.53. The Columbus, Ohio-based bank today announced commencement of an underwritten public offering of $920 million of its common stock. Goldman, Sachs & Co. will act as sole bookrunner and Sandler O’Neill + Partners, L.P. will act as co-manager for the proposed equity offering.

Miller Petroleum Inc. (NasdaqGM: MILL) staggered 13.06 percent to $4.46 on Monday afternoon. Volume was 882,425 shares, four times its full-day average. MILL is a high-growth oil and natural gas exploration, production and drilling company

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SHZ shoots higher, THC busy, DANG dinged

Monday, December 13th, 2010

China Shen Zhou Mining and Resources Inc. (AMEX: SHZ) climbed 20.90 percent in price Monday afternoon to $4.57. Volume was 4,191,519 shares, more than triple the stock’s normal daily average. SHZ, engaged in the exploration, development, mining and processing of fluorite, zinc, lead, copper, and other nonferrous metals in China, today announced that the Company has received the preliminary 2011 production limitation policy for the fluorite industry from the China Non-metallic Minerals Industry Association Fluorite Committee

Tenet Healthcare Corp (NYSE: THC) had great volume Monday afternoon, with 31,149,189 shares changing hands, almost three times normal daily average. Prices for THC were down 2.03 percent to $6.51. THC is a health care services company whose subsidiaries and affiliates own and operate acute care hospitals, ambulatory surgery centers and diagnostic imaging centers.

E-Commerce China Dangdang Inc. (NYSE: DANG) stumbled 10.19 percent to $29.55 on Monday. Volume was 2,864,983 shares, compared to its full-day average of 16,833,600. DANG celebrated its IPO last Wednesday.

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Posted in Energy Stocks, Health Care Stocks, Technology Stocks | No Comments »

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