Archive for February, 2011

LMLP gets paid, MSFT busy, IDIX sick

Thursday, February 10th, 2011

LML Payment Systems Inc. (Nasdaq: LMLP) shares gained 14.1% to $4.48 Thursday, on volumes of 975,224 shares, already nine times its daily average, after announcing higher revenues and profits, both quarterly and nine-month.

Microsoft Corporation (Nasdaq: MSFT) traded in 33 million shares Thursday, pursuing its daily average of 56.5 million. Prices faded 1.7% to $27.50.

Idenix Pharmaceuticals Inc. (Nasdaq: IDIX) shares plummeted 24.9% to $3.01. Volumes of 880,000 shares proved five times its daily average, after packing in the development of its Hepatitis C drug on toxicity concerns.

GLER expresses glee; ELCR steps on gas, TEGY trips

Thursday, February 10th, 2011

Global Earth Energy Inc. (OTCBB: GLER) shares climbed 120% to 1.1 cents Thursday. Volume for the stock topped 31 million shares, or about 15 times its normal share volume, after the company entered a coal mining joint venture worth about $500 million.

Electric Car Company Inc. (OTCBB: ELCR) traded in 194.4 million shares Thursday, surpassing an all-day average of 86.4 million. Prices for ELCR were flat, though, at one-100th of a cent.

Transact Energy Corp. (OTCBB: TEGY) dumped 37.5% of its price to five cents Thursday, on volume of 74,100 shares, 50% better than its daily average. The San Antonio-based TEGY’s business is the development, production, management and conservation of electricity through sustainable electricity projects.

IPGP in the picture, ALU not aloof, MRNA below surface

Thursday, February 10th, 2011

IPG Photonics Corporation (Nasdaq: IPGP) shares gained 33.6% to $46.42 Thursday, on volumes of 636,815 shares, already triple its daily average, after the Oxford, Mass. company said it expects Q4 revenue of about $100 million, ahead of its forecast of $80 million to $86 million. It expects Q4 earnings of 53 to 56 cents a share, ahead of its earlier view of 30 to 35 cents a share.

Alcatel-Lucent SA (NYSE: ALU) traded in nearly 57 million shares Thursday, trumping its daily average of 16.6 million. Prices leaped 20% to $4.28, after the telecom-equipment group said profit soared in the fourth quarter on rising demand for broadband networks across the globe.

Marina Biotech Inc. (Nasdaq: MRNA) shares declined 28.6% to 80 cents. Volumes of 5.2 million shares made mincemeat of a daily average of 375,934, a day after the Bothell, Wash. company announced that it intends to offer and sell common stock and warrants in an underwritten public offering.

WFMI comes to eat, C steady CSCO bruised

Thursday, February 10th, 2011

Whole Foods Market Inc. (Nasdaq: WFMI) shares gained 11.2% to $59.77, on volumes of 3.4 million shares, already twice its daily average, after the natural-foods grocer late Wednesday hiked its full-year earnings guidance.

Citigroup Inc. (NYSE: C) took its place at the head of the volume parade, trading in 112.7 million shares Thursday, making headway on its daily average of 544.3 million. Prices dropped 0.9%, however, to $4.80, after its Securities and Funds arm swore in a new Chief Operating Officer.

Cisco Systems Inc. (Nasdaq: CSCO) shares declined 12.4% to $19.31. Volumes were 174.1 million shares, obliterating a daily average of 75.4 million, after the networking-equipment giant late Wednesday reported poor quarterly margins.

PRCP pops, NVDA busy, NAK goes south

Wednesday, February 9th, 2011

Perceptron Inc. (Nasdaq: PRCP) shares ascended 18.6% to $6.96, on volume of 771,790 shares, squashing a daily average of 16,880, after being upgraded by Barrington Research from market perform to outperform.

Nvidia Corporation (Nasdaq: NVDA) traded in 31.9 million shares Wednesday, beating out its daily average of 24 million. Prices dropped 2.4% to $23.29, after the stock gained as much as 38% during January.

Northern Dynasty Minerals Inc. (AMEX: NAK) shares plummeted 14.4% to $17.64 Wednesday. Volume of three million shares overwhelmed a full-day average of 645,000.