Archive for January, 2011

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NFLX stars, QCOM a draw, HWKN loses feathers

Thursday, January 27th, 2011

Netflix Inc. (Nasdaq: NFLX) shares surged 13.6 percent to $208.00. Volume for the stock was 11.3 million shares – better than twice its daily average,  after the online DVD and streaming rental provider posted strong fourth-quarter results and gave a better-than-expected first-quarter forecast.

Qualcomm Inc. (Nasdaq: QCOM) traded in 24.8 million shares Thursday, doubling a typical full-day average of 12 million. Share prices strutted 5.8 percent to $54.84, after QCOM forecast revenue that topped estimates.

Hawkins Inc. (Nasdaq: HWKN) shares let go of  17.1 percent to $38.24 Thursday, on volume of 222,880 shares, easily beating its daily average of 41,869. Quarterly sales of HWKN $70.6 million represented an increase of 16.5% from $60.6 million in sales for the same period in the prior fiscal year.

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RRPH shines, CCTR deals, ONCI off

Thursday, January 27th, 2011

Red Rock Pictures Holdings Inc. (OTCBB: RRPH) vaulted 233.3 percent to six-10ths of a cent. Volume for the stock was 2.72 million shares, triumphing over a full-day average of 168,787. RRPH is engaged in the finance, production, distribution and marketing of filmed entertainment products.

China Crescent Enterprises Inc. (OTCBB: CCTR) was a volume leader among micro-caps Thursday, trading in 63.9 million shares, compared to its full-day average of 59.9 million. Prices for the stock upped 5.3 percent to two-10ths of a cent. CCTR is a systems integration service provider that markets technology outsourcing services in China including the sale and service of brand name technologies such as Microsoft, Cisco, IBM, HP and Dell.

On4 Communications Inc. (OTCBB: ONCI) went south 57.6 percent to half a cent Thursday, on volume of 84,700 shares, in contrast with usual daily volume of 51, 425. ONCI is a globally diversified Location Based Services (LBS) company with offices in Scottsdale, Arizona; in Richmond, British Columbia and representation in China.

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ACAT prowls, MSFT big trader, MRNA sinks

Thursday, January 27th, 2011

Arctic Cat Inc. (Nasdaq: ACAT) shares improved 15.3 percent Thursday to $15.82. Volume was 224,068 shares, better than double its daily average, on quarterly revenues of $152 million, beating estimates of $136.8 million.

Microsoft Corporation (Nasdaq: MSFT) traded in 22.7 million shares Thursday, building toward a daily average of 58.3 million. Share prices stepped down 0.6 percent to $28.61

Marina Biotech Inc. (Nasdaq: MRNA) shares let go of 9.1 percent to $1.09 Thursday, on volume of 580,004 shares, beating its daily average of 234,217, on Japanese patent news concerning one of its nucleic acid products.

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CRUS clicks along, C active, QTM falters

Thursday, January 27th, 2011

Cirrus Logic, Inc. (Nasdaq: CRUS) shares ran up 10.5 percent Thursday to $19.80. Volume was 2.5 million shares, compared with daily averages around 3.4 million, on quarterly revenues of $95.6 million, up 47% on the same quarter a year ago.

Citigroup Inc. (NYSE: C) traded in 55.5 million shares Thursday, building toward a daily average of 548 million. Share prices inched up 0.9 percent to $4.86

Quantum Corporation (Nasdaq: QTM) shares fell 19.4 percent to $2.90 Thursday, on volume of 14.3 million shares, squashing its daily average of 4.3 million, after the company reported fiscal Q3 revenue and EPS below estimates and a sharply underwhelming forecast as well.

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HAFC happy, MU busy, PSTI skids

Thursday, January 27th, 2011

Hanmi Financial Corporation (Nasdaq: HAFC) shares leaped 42.7 percent to $1.67 Thursday, on volume of 4.8 million shares, nearly five times its full-day average, on reports of quarterly profit of $5.3 million, its first quarter of black ink in two years.

Micron Technology (Nasdaq: MU) traded in 21 million shares Thursday, making it a volume leader, rapidly catching up on its daily average of 34.2 million. Share prices edged up 5.7 percent to $10.52.

Pluristem Therapeutics (Nasdaq: PSTI) shares dumped 24.8 percent to $3.16 Thursday, on volume of 5.5 million shares, dwarfing its daily average of 486,030, on announcing a public offering of common stock, with a goal of raising $50 million.

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