Archive for January, 2011

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LEE leaps, MRK trades widely, MCZ struggles

Tuesday, January 18th, 2011

Lee Enterprises Inc. (NYSE: LEE) leaped 14.9 percent in price to $3.31. Volume was 808,866, or better than twice its full-day volume average, on reports the company enjoyed 38-percent better ad revenue in its first fiscal quarter.

Merck & Company Inc. (NYSE: MRK) was active Tuesday, dealing in 36,816,766 shares Thursday, better than twice its full-day average. Share prices were off, though, 0.8 percent to $33.95. Merck is teaming up with Ariad Pharmaceuticals on a drug to target cancerous tumors of the soft tissue or bone.

Mad Catz Interactive Inc. (AMEX: MCZ) skidded 16.5 percent to 96 cents, while volume for the stock was 2,819,600 shares, more than four times its all-day average. MCZ designs, manufactures, markets, and distributes accessories for videogame platforms, personal computers (PC), and iPod and other audio devices.

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

ARIA leaps, BAC busy, HDY takes beating

Tuesday, January 18th, 2011

Ariad Pharmaceuticals Inc. (Nasdaq: ARIA) prospered 30.5 percent in price to $6.85. Volume was 10,153,861, or six times its full-day volume average, amid generally positive news in the drug sector.

Bank of America Corp. (NYSE: BAC) was an active trader Tuesday, dealing in 126,455,431 shares Thursday, compared to a full-day average of 228,170,000. Share prices were off, though, two percent to $14.95.

Hyperdynamics Corporation (AMEX: HDY) fell 16.9 percent Tuesday to $5.95. Volume for the stock was 7,220,720 shares, nearly five times its all-day average. Even so, experts point out that the shares are up more than an astonishing 500% over the past six months

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

MLOBF moves, WLSI does well, AXNO goes south

Tuesday, January 18th, 2011

Melo Biotechnology Holdings Inc. (OTCBB: MLOBF) sustained a 500-percent spike in price Tuesday to 12 cents. Shares traded totaled 47,000, or better than four times its full-day average. Melo International Holdings Limited develops trades and markets health products, which are mainly nutritional supplements, in Hong Kong.

Wellstar International Inc. (OTCBB: WLSI) traded in 40.5 million shares on Tuesday, making it among the volume leaders in micro-caps. Its full-day average is around 38 million. Prices for WLSI were flat at one-100th of a cent. Wellstar, through its wholly owned operating subsidiary Trillenium Medical Imaging, Inc.is poised to become a leading diagnostic company in the health-care industry.

Asherxino Corp. (OTCBB: AXNO) dipped in price 59.7 percent to 6.05 cents Tuesday. Volume was 45,000 shares, or triple its full-day volume average. AsherXino is an oil and gas company focused on both offshore and onshore prospects in Nigeria.

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

SBIBW has wings, C, ALXA sink

Tuesday, January 18th, 2011

Sterling Bancshares Inc. (Nasdaq: SBIBW) flew 60 percent in price to $3.12. Volume was 101,438, or five times its full-day volume average, amid reports this week that Cullen/Frost Bankers, Inc. may be acquiring the smaller bank.

Citigroup Inc. (NYSE: C) flew off the shelves Tuesday, dealt in 731,126,655 shares Thursday, already surpassing a full-day average of 549,838,000. Prices for C fell 5.5 percent to $4.86. Citigroup reported a $1.3 billion profit, compared with a $7.6 billion loss a year earlier. Revenue jumped to $18.4 billion, from $5.4 billion a year earlier, but fell more than 11% from the third quarter.

Alexza Pharmaceuticals Inc. (Nasdaq: ALXA) fell 19.2 percent in early trading to $1.35. Volume for the stock was 1,784,554 shares, nearly double its all-day average, on word that the company will file a new application for its drug candidate Adusuve Staccato in July.

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

Borders Group, Inc. (BGP) shares rise on rumors of possible financing

Friday, January 14th, 2011

Shares of Borders Group, Inc. (NYSE: BGP) were up more than 30 percent on Friday after it was reported that the troubled bookstore chain told publishers that it was close to securing refinancing that was intended to reduce costs, improve liquidity and expand marketing efforts.

Borders also asked publishers to provide money for a large portion of the company’s debt as a loan, according to people briefed on the matter, the New York Times reported.

Last week, sources told Reuters that the bookseller has hired FTI Consulting Inc to assist in analyzing its finances and is in talks with GE Capital about new debt that could replace its existing credit line.

It was also reported earlier this month that  Borders said it was delaying payments to some of its vendors. According to the company’s latest financial statements, its biggest liability is its unpaid bills to suppliers, a figure which may have ballooned following the holiday selling season.

Shares of BPG closed at $1.06, up 29 percent from Thursday’s closing price. Shares are down 18 percent over teh past three months.

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Posted in Consumer Discretionary Stocks, Penny Stocks | No Comments »

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