Archive for January, 2011

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BGAT roars ahead, CMGR trades widely, GERS stumbles

Wednesday, January 5th, 2011

Bluegate Corp. (OTCBB: BGAT) ballooned in price 900 percent to five cents Wednesday morning, on volume of 31,000 shares, catching up on daily volume of 7,194. The Company’s strategy is to stabilize its internet connectivity business and pursue expansion of its market outside of the health-care industry.

Camelot Entertainment Group Inc. (OTCBB: CMGR) was a volume leader on Wednesday morning, trading in 243.2 million shares, compared to a full-day average of 253.1 million. Share prices doubled to two-100ths of a cent.

Greenshift Corp. (OTCBB: GERS) dumped 50 percent in price Wednesday to one-100th of a cent. Volume was 4.2 million shares, contrasted with daily average volume of 62.1 million. The Company develops and commercializes clean technologies designed to integrate into and leverage established production and distribution infrastructure to address the financial and environmental needs of its clients.

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OPXA soars, C deals, TSTY turns south

Wednesday, January 5th, 2011

Opexa Therapeutics Inc. (Nasdaq: OPXA) shares leaped 80.8 percent to $2.82. Volume of 3.2 million shares, triumphed over usual volume of 70,317. The Woodlands, Texas-based cell therapy company said that after meeting twice with the U.S. Food and Drug Administration, it is preparing a Phase III clinical study of Tovaxin, a drug intended to treat multiple sclerosis.

Citigroup (NYSE:C) was a volume leader Wednesday, trading in 122,929,357, gaining on a full-day average of 538,020,000. Shares gained 0.7 percent to $4.94.

Tasty Baking Company (Nasdaq: TSTY) shed 33 percent to $4.31, on 159,504, compared to usual volume of below 10,000. TSTY announced today that preliminary financial data indicate the Company did not achieve the expected operational cash savings from this bakery during the fourth quarter.

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MCP, BAC rally, ZLC fades

Monday, January 3rd, 2011

Molycorp Inc. (NYSE: MCP) gained 10.98 percent in price Monday to $55.38. Volume of 2,794,623 shares trailed only slightly its all-day average of 3,721,040. Colorado-based Molycorp, Inc. is the only rare earth oxide, or REO, producer in the Western Hemisphere and currently produces approximately 3,000 metric tons of commercial rare earth materials per year.

Bank of America Corp. (NYSE: BAC) traded in 93,476,332 shares catching up on its daily average of 212,722,000. Prices for the stock gained 4.87 percent to $13.99, following its announcement that it has agreed to buy back the loans sold by Countrywide Financial Corp., which it acquired during the financial crisis.

Zale Corp. (NYSE: ZLC) went south Monday, losing 6.10 percent in price to $4.00, on volume of 820,376 shares, pulling ahead of its full-day average of 794,515. ZLC is a leading specialty retailer of diamonds and other jewelry products in North America, operating approximately 1,900 retail locations throughout the United States, Canada and Puerto Rico, as well as online.

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AIVN flies, WLSI trades widely, GERS slides

Monday, January 3rd, 2011

American International Ventures Inc. (OTCBB: AIVN) hurtled skyward 275 percent in early trading on the first Monday of 2011 to 15 cents. Volume for the stock of 40,000 shares beat its full-day average of 30,347. The Company’s plan of operations is to seek other business opportunities to review and analyze for purposes of effecting a business acquisition or combination

Wellstar International Inc. (OTCBB: WLSI) was a volume leader among microcaps Monday, trading in 23.6 million shares, making up ground on its daily average of 74.95 million. Share prices were flat at one-100th of a cent. WLSI is a provider of specialized diagnostic software and equipment.

Greenshift Corp. (OTCBB: GERS) dumped 50 percent in price to one-100th of a cent early Monday. Share volume of 2.56 million compared to an all-day volume of 61.24 million. The company develops and commercializes clean technologies designed to address the financial and environmental needs of its clients by decreasing raw material needs.

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THLD soars, C sells, ISPH stumbles

Monday, January 3rd, 2011

Threshold Pharmaceuticals Inc. (Nasdaq: THLD) started 2011 higher 34.08 percent in price Monday to $1.81. Volume of 49,432 shares closed in on its all-day average of 94,631. THLD, based in Redwood City, Calif., Threshold is a biotechnology company focused on the discovery and development of drugs targeting Tumor Hypoxia, the low oxygen condition found in microenvironments of most solid tumors.

Citigroup Inc. (NYSE: C) did a brisk business the first Monday after New Year, trading in 43,054,072 shares, making up ground on its daily average of 538,216,000. Prices for the stock pushed ahead 1.8 percent to $4.82, on announcing that on New Year’s Eve, C it had completed transactions with Discover Financial Services and SLM Corporation that resulted in the divestiture of its student loan business, The Student Loan Corporation.

Inspire Pharmaceuticals Inc. (Nasdaq: ISPH) listed downward Monday, losing 58.45 percent in price to $3.49, on volume of 6,848,880 shares, dwarfing a full-day average of 577,058. ISPH announced today the top-line results from its second Phase 3 clinical trial, TIGER-2, with denufosol tetrasodium for the treatment of cystic fibrosis.

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