Archive for January, 2011

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CIMT catches fire, C trades widely, LNET eases off

Wednesday, January 19th, 2011

Cimatron Limited (Nasdaq: CIMT) climbed 17.4 percent to $4.30 Wednesday. Volume of 238,432 shares very nearly quadrupled its full-day volume average, on word CIMT has signed a partnership and distribution agreement with Atometric Inc., a provider of CNC micro-machining centers and contract micro-machining solutions.

Citigroup Inc. (NYSE: C) was a volume leader early Wednesday, trading in 249,690,475 shares, catching up on its full-day average of 554,789,000. Prices for the stock inched up 0.3 percent to $4.82., after Oppenheimer fixed an Outperform rating and $5.50 price target.

LodgeNet Interactive Corporation (Nasdaq: LNET) tanked 24 percent Wednesday to $3.13. Volume for the stock was 1,813,261 shares, seven times its normal daily volume. LNET is the leading provider of media and connectivity solutions designed to meet the unique needs of hospitality, healthcare and other guest-based businesses.

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Posted in Financial Stocks, Technology Stocks | No Comments »

DTLK has rosy outlook, VZ turns up volume, ONSM slips

Tuesday, January 18th, 2011

Datalink (Nasdaq: DTLK) sprinted ahead 29.1 percent to $5.86, a three-year high. Volume of 1,649,908 shares trampled its full-day volume average of 35,395, on word DTLK raised its fourth-quarter outlook on increased demand for its storage products.

Verizon Communications Inc. (NYSE: VZ) was a volume leader Tuesday, trading in 41,815,258 shares, 2 ½ times its full-day average. Prices for the stock were down 3.1 percent to $34.36. VZ announced last week that it will begin selling Apple’s iPhone early next month.

Onstream Media Corporation (Nasdaq: ONSM) fell 14.3 percent to $1.08. Volume for the stock was 451,217 shares, towering over its all-day average of 78,272. ONSM is a leading online service provider of live and on-demand Internet broadcasting, corporate web communications and virtual marketplace technology.

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LDK jumps, JPM busy, DANG slides

Tuesday, January 18th, 2011

LDK Solar Co, Inc. (NYSE: LDK) grew in price 10.7 percent to $13.40. Volume was a hefty 12,730,432 shares, more than twice its full-day volume average, on speculation that the recent buzz out of Germany about feed-in tariff cuts makes a hard cap on solar installations a lot less likely.

JP Morgan Chase & Co. (NYSE: JPM) was a volume leader Tuesday, trading in 40,111,730 shares, surpassing its full-day average of 38,489,000. Prices for the stock were flat at $44.78. This, amid word that Morgan wrongly foreclosed on 14 active-service military families and overcharged thousands more on their mortgages.

E-Commerce China Dangdang Inc. (NYSE: DANG) fell 8.5 percent to $31.00. Volume for the stock was 4,014,004 shares, just below its all-day average of 5,006,680. DANG is a leading business-to-consumer, or B2C, e-commerce company in China.

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Posted in Consumer Discretionary Stocks, Energy Stocks, Financial Stocks | No Comments »

YGE in the green, INTC in groove, EMMS in doldrums

Tuesday, January 18th, 2011

Yingli Green Energy Holding Co. (NYSE: YGE) showed a lot of energy Tuesday, advancing 9.6 percent in price to $11.52. Volume was a hefty 6,437,078 shares, or nearly twice its full-day volume average. YGE is a leading solar energy company and one of the world’s largest vertically integrated photovoltaic manufacturers.

Intel Inc. (Nasdaq: INTC) got the word out Tuesday, trading in 41,828,185 shares, shy of its full-day average of 55,659,500. Prices for the stock were flat at $21.08. Arizona Gov. Jan Brewer wants to cut corporate income and business equipment taxes as well as expanding breaks for INTC and other manufacturers.

Emmis Communications Corporation (Nasdaq: EMMS) fell 11 percent to $1.05. Volume for the stock was 320,382 shares, just a shade below its all-day average of 342,520.

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HEV has momentum, S popular, BDSI headed to court

Tuesday, January 18th, 2011

Ener1 Inc. (Nasdaq: HEV) showed a lot of energy Tuesday, advancing 23.6 percent in price to $4.55. Volume was a hefty 18,108,331, 30 times its full-day volume average. The lithium-ion battery maker announced it is teaming up with Wanxiang Electric Vehicle Group Ltd. to manufacture batteries for the Chinese market.

Sprint Nextel Corporation (NYSE: S) had busy trade, with 39,063,758 shares changing hands Tuesday, catching up on a full-day average of 53,171,100. Prices for the stock settled 1.2 percent to $4.39. Sprint said Tuesday that starting Jan. 30 it plans to charge an extra $10 a month for all smartphones getting unlimited data.

BioDelivery Sciences International (Nasdaq: BDSI) fell 13.1 percent to $3.32. Volume for the stock was 447,487 shares, nearly triple its all-day average. BDSI was one of several companies named Tuesday in a patent infringement lawsuit by MonoSol Rx, LLC.

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

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