Archive for January, 2011

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NVDA steps on gas, CSCO sizzles, REDF slides

Monday, January 24th, 2011

Nvidia Corp. (Nasdaq: NVDA) shares added 12.1% to $24.90, after Barron’s said the chip maker’s stock might rise as much as 80% in the next year. Volume for NVDA was 29.1 million shares, better than its daily average of 22.3 million.

Cisco Systems Inc, (Nasdaq: CSCO) dealt in 25 million shares Monday, making headway against its full-day average of 72 million. Share prices moved higher 1.7 percent to $21.08, on word of its price target being raised at Barclays to $24 from $22.

Rediff.com India Limited (Nasdaq: REDF) dropped 8.4 percent to $7.39 Monday. Volume for the stock was 806,955 shares, just now nosing out its daily average. The Mumbai-based REDF is one of the premier worldwide online providers of news, information, communication, entertainment, mobile and shopping services.

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Posted in Technology Stocks | 1 Comment »

GXDX runs up, GE bright, APP threadbare

Monday, January 24th, 2011

Genoptix Inc. (Nasdaq: GXDX) shares rose 25.8% to $24.85 after Swiss drug maker Novartis AG (NYSE: NVS) said it would buy the cancer-diagnostic specialist for $470 million. Volume for the stock was 18.75 million shares, compared to a daily average of 461,835.

General Electric Company (NYSE: GE) dealt in 58.5 million shares Monday, surpassing its full-day average of 57 million. Share prices moved higher 1.4 percent to $20.02.

American Apparel Inc. (AMEX: APP) dropped 13.2 percent to $1.12 Monday. Volume for the stock was 794,910 shares, beating out its daily average of 578,569. The apparel maker is in talks to bring in an external restructuring adviser to try to revive growth and appease creditors.

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Posted in Consumer Discretionary Stocks, Health Care Stocks, Technology Stocks | No Comments »

SSCC in orbit, MSFT active, ONSM off-stride

Monday, January 24th, 2011

Smurfit-Stone Container Corp. (NYSE: SSCC) shares climbed 27.3 percent to $35.03, on volume of 36,237,477 shares, or more than 40 times its normal daily avearge after Rock-Tenn Co. said it would buy the container-board producer for $3.5 billion

Microsoft Inc. (Nasdaq: MSFT) dealt in 19,891,427 shares Monday, gaining on its full-day average of 57,649,200. Share prices moved higher 1.4 percent to $28.40 after three more executives left the company.

Onstream Media Corporation (Nasdaq: ONCM) saw its shares tumble 12.1 percent to $1.23 near midday Monday. Volume for the stock was 140,996 shares, still better by 50 percent its daily average. ONSM is an online service provider of live and on-demand Internet video, corporate audio and web communications and content management applications.

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Posted in Technology Stocks | No Comments »

MCET soars, CCTR busy, WFSC goes south

Monday, January 24th, 2011

Multi-Cell Technologies Inc. (OTCBB: MCET) moved skyward 31.7 percent Monday to 1.04 cents. Volume for the stock was 32.6 million shares, in contrast to a daily average of 5.34 million. MCET has specialized in developing main liver cell immortalization technologies to produce cell-based assay systems for use in drug discovery.

China Crescent Enterprises Inc. (OTCBB: CCTR) dealt in 219.3 million shares, making it among the most widely traded of micro-caps Monday. Normal share average was 41.1 million. Prices reached 21-100ths of a cent, up 10.5 percent from Friday.

Weststar Financial Services Corp. (OTCBB: WFSC) retreated 80.8 percent to five cents Monday. Volume was 58,450 shares, or nearly 10 times its full-day average. The Company provides consumer and commercial banking services in Buncombe County and surrounding areas

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Posted in Financial Stocks, Health Care Stocks | No Comments »

SILC smooth, INTC exchanges lots of chips, RSH hits static

Monday, January 24th, 2011

Silicom Ltd. (NASDAQ: SILC) shares rocketed 18.1% to $20.91 Monday. Volume was 123,735, already three times its daily average on reporting quarterly revenues reached $9.9 million, a new record for the Company. This is an increase of 45% compared with $6.8 million in the fourth quarter of 2009. Net income was a record $2.0 million, up 45% compared with $1.4 million, for the fourth quarter of 2009.

Intel Corp. (Nasdaq: INTC) dealt in 21,422,815 shares Monday, gaining on its full-day average of 54,496,100. Share prices moved higher one percent to $21.02, on declaring a an 18.12-cent-per-share quarterly dividend.

RadioShack Corp.(NYSE: RSH) shares fell 13%  to $15.33 Monday, after the consumer-electronics retailer said Chief Executive Officer Julian Day would step down in May. Volume for the stock was 4,619,640 shares, surpassing its full-day average of 3,282,280.

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Posted in Industrial Stocks, Technology Stocks | No Comments »

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