Archive for January, 2011

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.”

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.

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.

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. 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.

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.