Archive for January, 2011

ACAD climbs, F hiring, INUV suffers

Monday, January 10th, 2011

ACADIA Pharmaceuticals Inc. (Nasdaq: ACAD) shares gained 34.8% to $1.55 Monday. Volume of 8,207,414 shares proved 12 times its usual volume of 674,665, after ACAD entered into an agreement, to fund its research into Parkinson’s disease.

Ford Motor Company (NYSE: F) was a volume leader Monday, trading in 38,100,313 shares, nearly half its daily average of 82,773,700. Prices for F nipped up 0.9 percent to $18.43. The car maker Monday announced that it planned to hire more than 7,000 workers in the next two years.

Inuvo, Inc (Amex: INUV) got bruised 20.5 percent by noon ET Monday to $4.03. Volume for the stock was 153,338 shares, already surpassing its daily average of 131,311 shares. INUV announced today that revenue for the quarter ended December 31, 2010 would be approximately $14 million. This represents a 46% increase over the $9.6 million of revenue in the same quarter of 2009 and is slightly lower than the third quarter of 2010.

PLA jumps, BAC busy, DV falters

Monday, January 10th, 2011

Playboy Enterprises Inc. (NYSE: PLA) shares gained 16.8% to $6.08 Monday. Volume of 6,658,738 shares dwarfed its usual volume of 126,632, after the publisher said it had inked a deal with IconAcquisition Holdings LP to be taken private.

Bank of America Corp. (NYSE: BAC) traded in volume of 90,768,343 shares, catching up on its daily average of 222,870,000. Prices for BAC nipped up 0.6 percent to $14.33.

DeVry, Inc. (NYSE: DV) tanked 14.2 percent in Monday to $40.79. Volume for the stock was 1,839,619 shares, nearly double its daily average. DeVry University is one of the largest, private sector universities in North America, with nearly 93,000 students enrolled in the United States and Canada.

HNHI climbs, CMGR busy, SWWH drops

Monday, January 10th, 2011

H & H Imports Inc. (OTCBB: HNHI) shares climbed 140 percent to 24 cents, on volume of 2.99 million Monday morning. That tramples over its all-day average of 31,128 shares. H&H Imports, Inc. is the parent company of TV Goods Holding Corporation.,a direct response marketing company.

Camelot Entertainment Group Inc. (OTCBB: CMGR) dealt in 125.74 million shares Monday, compared to an all-day average of 276.88 million shares. Prices for the stock doubled Monday to two-100ths of a cent.

Sound Worldwide Holdings Inc. (OTCBB: SWWH) plummeted 78.4 percent to 11 cents Monday. Volume was 172, 100 shares, besting an all-day average of 34,162. SWWH is a holding company, engaged in the manufacturing of denim fabrics in China and, through its subsidiary, Asian Point Investment Limited, in the sale of those fabrics to vendors located throughout the world.

GENE displays sheen, C trades widely, STRA strays

Monday, January 10th, 2011

Genetic Technologies Ltd (Nasdaq: GENE) grew 71 percent in price Monday to $2.53. Volume of 191,089 shares proved nearly 100 times its full-day average volume. GENE is a leading-edge genetic testing business which, together with an extensive range of international patents and allied research activities, aims at uncovering the impact of DNA on health.

Citgroup Inc. (NYSE: C) traded Monday in 176,181,317 shares, compared to its daily average of 546,005,000. Prices for the stock tailed off 0.9 percent to $4.89. Citigroup Inc. today announced that it has received requisite consents from holders of CitiFinancial Credit Company’s 6.625% Notes due 2015 and is extending the early tender date and consent date of its exchange offer.

Strayer Education Inc. (Nasdaq: STRA) lost 22.2 percent in Monday trading to $119.30. Volume for the stock was 1,334,882 shares, more than four times its daily average. STRA is an education services holding company that owns Strayer University and certain other assets.

SKH healthy, PFE prolific, CRWS loses steam

Thursday, January 6th, 2011

Skilled Healthcare Group, Inc. (NYSE: SKH) grew 11.9 percent in price Thursday to $10.69. Volume of 1,671,080 shares proved better than four times its normal daily volume. The Calif.-based SKH today announced it has updated its 2010 full year non-GAAP earnings estimates and expects consolidated revenue to be approximately $816 million to $819 million.

Pfizer Inc. (NYSE: PFE) traded Thursday in 116,762,111 shares, nearly triple its daily average. Prices for the stock inched up 0.4 percent to $18.18 to close Thursday afternoon.

Crown Crafts Inc (Nasdaq: CRWS) lost 11.4 percent in Thursday trading to $4.43. Volume for the stock was 116,796 shares, nearly 10 times its daily average. Louisiana-based CRWS projected net sales for fiscal 2011 to be in the $91.0 million to $93.0 million range.