Archive for December, 2010

CRDC hale and hearty, LVS plays a lot, XUE kept after class

Wednesday, December 15th, 2010

Cardica Inc. (MasdaqGM: CRDC) surged 11.49 percent Wednesday afternoon to $3.64. Volume of 236,578 shares tripled its full-day average. CRDC designs and manufactures proprietary stapling and anastomotic devices for cardiac and endoscopic surgical procedures.

Las Vegas Sands Corp. (NYSE: LVS) traded in 38,492,276 shares Wednesday afternoon, surpassing its full-day average. Share prices faded 3.12 per cent, to $42.29. LVS is the leading global developer of destination properties (integrated resorts) that feature premium accommodations, world-class gaming and entertainment, convention and exhibition facilities, celebrity chef restaurants, and many other amenities.

Xueda Education Group (NYSE: XUE) fell 6.37 percent in Wednesday afternoon trading to $9.90. Volume of 275,494 shares demurred from its full-day average of 652,587. XUE is the leading national provider of tutoring services for primary and secondary school students in China

SRDX jumps, GE with bright volume, BAS bad

Wednesday, December 15th, 2010

SurModics Inc. (NasdaqGS: SRDX) surged 14.23 percent Wednesday afternoon to $11.88. Volume of 548,798 shares quadrupled its full-day average. SRDX is provider of drug delivery and surface modification technologies to the healthcare industry.

General Electric (NYSE: GE) traded in 43,357,683 shares Wednesday afternoon, closing in on its full-day average of 59,400,000. Share prices faded 1.13 per cent, to $17.49. QGC, a leading Australian coal seam gas explorer and producer, has signed a contract with a consortium of GE and Laing O’Rourke for the construction of a water treatment plant in southwest Queensland.

Basic Energy Services, Inc. (NYSE: BAS) fell 5.54 percent in Wednesday afternoon trading to $14.50. Volume of 402,054 shares compared to BAS’ full-day average of 447,652. BAS, of Midland, Texas, provides well site services essential to maintaining production from the oil and gas wells within its operating area.

ABPA pledges higher, TADF merges, PGRD purges

Wednesday, December 15th, 2010

Allegiance Bank of North America (OTCBB: ABPA) screamed 150 percent in price Wednesday afternoon to 35-100ths of a cent. Volume of 222,500 shares compared favorably with its daily average of 84,271.

Tactical Air Defense Services Inc. (OTCBB: TADF) dealt in 66.24 million shares by early afternoon Wednesday, compared to an average of 12.73 million a day. Share prices inched up 2.56 percent to four-10ths of a cent. The aerospace/defense services contractor based in Carson City, Nev., announced this week that it has executed an Agreement and Plan of Merger with Tactical Air Support, Inc.

Proguard Acquisition Corp. (OTCBB: PGRD) fell in price by 60 percent Wednesday to six cents. Volume for this stock was 21,500 shares, compared to a daily average of 3,455.

BSQR rises, DYN does record business, GNI loses strength

Wednesday, December 15th, 2010

BSQUARE Corp. (NasdaqGM: BSQR) rallied 15.85 percent Wednesday afternoon to $8.04. Volume of 580,241 shares proved more than six times its full-day average. BSQR, based in Bellevue, Wash., announced that China Mobile Communications Corporation, the world’s largest mobile operator with over 200 million subscribers, has selected TestQuest Countdown, an automated testing solution from BSQUARE, to automate remote data services testing in all thirty-one of the operator’s provincial operating subsidiaries.

Dynegy Inc. (NYSE: DYN) traded widely Wednesday afternoon, dealing in 43,314,680 shares, better than six times its full-day average. Share prices improved 3.49 per cent, to $5.64. The Houston-based DYN has unanimously approved a definitive agreement to be acquired by Icahn Enterprises L.P. in a tender offer followed by a merger for $5.50 per share in cash, or approximately $665 million

Great Northern Iron Ore Properties (NYSE: GNI) fell 10.30 percent in Wednesday afternoon trading to $128.40. Volume of 29,887 shares trumped its full-day average of 7,751.

THLD jumps, BAC active, SYX slumps

Wednesday, December 15th, 2010

Threshold Pharmaceuticals Inc. (NasdaqCM: THLD) vaulted 21.05 percent Wednesday noon to $1.38. Volume of 1,028,078 left its full-day average of 34, 640 in the dust. THLD, based in Redwood City, Calif., is a biotechnology company focused on the discovery and development of drugs targeting Tumor Hypoxia, the low oxygen condition found in microenvironments of most solid tumors.

Bank of America Corp. (NYSE: BAC) was among the volume leaders Wednesday noon, trading in 57,485,230 shares, nearing its full-day average of 210,883,000. Share prices improved 0.7 per cent, to $12.48. U.S. equities are the primary beneficiary of the continuing upswing in global investor sentiment, according to the BofA Merrill Lynch Survey of Fund Managers for December. A net 44 percent of the respondents predict the world’s economy to strengthen in 2011, compared to 35 percent a month earlier.

SYSTEMAX INC. (NYSE: SYX) ) fell 4.96 percent in Wednesday morning trading to $12.45. Volume of 116,067 shares better than doubled its full-day average. The Company sells personal computers, computer components and supplies, consumer electronics and industrial products