Archive for January, 2011

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TNB quiets doubters, CSCO gets jolt, CCME takes bath

Monday, January 31st, 2011

Thomas & Betts Corp. (NYSE: TNB) shares gained 8.7% to $51.38, on volume of 1.5 million shares, triumphing over its daily average of 323,268, after the electrical component manufacturer reported fourth-quarter profit that beat expectations.

Cisco Systems Inc. (Nasdaq: CSCO) traded in 36.6 million shares, barely half its daily volume of 73.3 million. Prices for the stock increased 1.1 percent to $21.15, after learning CSCO and Ecototality were teaming up on a new electric car charging mechanism.

China MediaExpress Holdings (Nasdaq: CCME) shares plunged 14.5 percent to $17.84, on volume of 7.2 million shares, more than five times its daily average, after Citron Research opined the stock was “too good to be true.”

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SRNG springs, JUNP jumps, MWWC hits speed bump

Monday, January 31st, 2011

Shelron Group Inc. (OTCBB: SRNG) surged an incredible 900 percent late Monday to 2.5 cents. Volume for the stock was 40,920 shares, compared to a daily average of 12,527. SLNG is a company that develops and markets e-commerce advertising and comparative shopping software products and services.

Juniper Group Inc. (OTCBB: JUNP) was a volume leader among micro-caps Monday, buying and selling in 49.8 million shares, or nearly seven times its usual daily average. JUNP specializes in the wireless infrastructure service industry.

Marketing Worldwide Corp. (OTCBB: MWWC) halved its price Monday to two cents, on volume of 50,000 shares, more than double usual volume of 24,000. Michigan-based MWWC is a global automotive firm providing design and engineering services and manufacturing of accessories to many of the world’s leading automotive manufacturers.

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OREX jumps, MU popular, FFBH falters

Monday, January 31st, 2011

Orexigen Therapeutics Inc. (Nasdaq: OREX) shares were up 8.4 percent to $9.02, on volume of 4.9 million, towering over a daily average of 2.8 million, as a regulatory decision was expected Monday on its diet pill.

Micron Technology Inc. (Nasdaq: MU) traded in 26.9 million shares, trailing its daily volume of 35.8 million. Prices for the stock increased 1.5 percent to $10.53, after Sterne Agee & Leach raised its price target to $17 from $12. Sterne continues to rate MU at Buy.

First Federal Bancshares of Ark (Nasdaq: FFBH) shares fell 12.2 percent to $2.15, on volume of 123,318 shares, eight times its daily average. The small southwestern bank announced a recapitalization plan that will allow an investment group to buy up to $55 million of common stock, diluting shareholders.

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MASI makes headway, MSFT, REDF trail average volumes

Monday, January 31st, 2011

Masimo Corp. (Nasdaq: MASI) shares advanced 9.1 percent to $30.09, on volume of 2.2 million shares, or four times its usual daily average, after the medical-technology firm extended a royalty agreement with Covidien PLC.

Microsoft Corporation (Nasdaq: MSFT) traded in 46.9 million shares, trailing its daily volume of 60.7 million. Prices were flat at $27.66.

Rediff.com India (Nasdaq: REDF) shares fell 11.5 percent to $6.24, on volume of 788,347 shares, falling behind its daily average of 859,473.

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ASIA really sells, SIRI clear, CIEN stumbles

Monday, January 31st, 2011

AsiaInfo-Linkage Inc.(Nasdaq: ASIA) shares climbed 14.8 percent to $21.83. Volume was 2.6 million shares, triple its daily average, after the Chinese supplier of software for telecommunications companies reported quarterly sales that beat estimates.

Sirius XM Radio Corp. (Nasdaq: SIRI) beamed out its message Monday, dealing in 62.7 million shares, nosing out its daily average of 52.3 million. Prices improved 1.2 percent to $1.63, after announcing comprehensive coverage of this weekend’s Super Bowl from Dallas.

Ciena Corp. (Nasdaq: CIEN) shares fell 5.9% to $22.12, on volume of 11.1 million shares, twice its daily average, after UBS cut its rating on the maker of network gear for telecommunications companies.

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