Archive for February, 2011

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RL wears well, MU trades more, MD has headaches

Wednesday, February 9th, 2011

Polo Ralph Lauren Corp, (NYSE: RL) stock rallied 9.7% to $127.00 Wednesday, on volumes of nearly 2.5 million or three times its normal volume, after the retailer delivered a $168.4-million U.S. profit — thanks to solid holiday season sales.

Micron Technology Inc. (Nasdaq: MU) traded in 33.1 million shares Wednesday, closing in on its daily average of 35.6 million. Prices dipped 1.1% to $11.32.

MediaMind Technologies, Inc. (Nasdaq: MDMD) shares tumbled 15.1% to $13.54 Wednesday. Volume was 172,646 shares, nearly triple its full-day average, a day after reporting quarterly revenues of $25.9 million, or 15% from the prior-year quarter.

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PLAB conducts, WFC trades widely, CSC tumbles

Wednesday, February 9th, 2011

Photronics Inc. (Nasdaq: PLAB) shares rose 14.6% to $7.70, on volumes of 2.1 million shares, compared to a daily average of 558,130 after the maker of semiconductor gears on Wednesday bolstered its first-quarter outlook.

Wells Fargo and Company (NYSE: WFC) traded in 41.8 million shares Wednesday, trumping its daily average of 30 million. Prices dipped 3% to $33.09, after the bank’s CFO left.

Computer Sciences Corporation (NYSE: CSC) shares tumbled 14% to $48.64 Wednesday. Volume was 6.5 million shares, towering over a full-day average of 1.2 million shares, after the company cut its earnings-per-share and revenue forecasts for the full fiscal year.

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SOAN soars, GELV active, ELAY lays down

Wednesday, February 9th, 2011

So Act Network Inc (OTCBB: SOAN) doubled in price to a dime, on volumes of 75,500 shares, or nearly six times its daily average. SOAN, based in Texas, is a leading provider of private-labeled social networks, social media marketing services and revolutionary media technologies.

Green Energy Live Inc. (OTCBB: GELV) exploded on markets, trading Wednesday in 87 million, or nearly four times what it would on an average day. Share prices were flat, however, at two-100ths of a cent. Based in Michigan, GELV is a growth oriented clean energy company focusing on sustainable “clean side of green” solutions for the U.S. livestock industry.

eLayway Inc. (OTCBB: ELAY) tumbled 58% Wednesday to 10.5 cents. Volumes were 22,000 shares, compared to a full-day average of 39,519, a day after ELAY announced the latest version of the Internet’s first and only patent pending layaway payment processor, eLayaway 2.0 Private Beta.

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DSW does it, CSCO steady, SMSI slumps

Wednesday, February 9th, 2011

DSW Inc. (NYSE: DSW) shares gained 16.5% to $42.21, on volume of 1.4 million shares, or nearly five times its all-day average, after the shoe seller late Tuesday said it would buy Retail Ventures Inc. (NYSE: RVI) , its largest shareholder, in a merger that DSW said would reduce outstanding shares. RVI shares flew 13.6% to $18.11.

Cisco Systems Inc. (Nasdaq: CSCO) traded in 34.7 million shares Wednesday, hunting down its daily average of 74.1 million. Prices nipped up 0.5% to $22.10. CSCO reports after the bell today.

Smith Micro Software Inc. (Nasdaq: SMSI) shares tumbled 36.5% to $8.29 Wednesday. Volume was 7.3 million shares, towering over a full-day average of 491,000 shares, after the company suspended its new year forecast.

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XETA skyward, BAC busy, MOTR motors in reverse

Wednesday, February 9th, 2011

Xeta Technologies Inc. (Nasdaq: XETA) shares galloped 40.9% to $5.41. Volume for the stock was 484,833 shares, compared to an all-day average of 14,000, after the announcement that Paetec Corporation was to purchase XETA for $61 million.

Bank of America Corp. (NYSE: BAC) traded in 33.8 million shares Wednesday, pursuing its average of 192.4 million. Prices faded 0.3% to $14.56

Motricity Inc. (Nasdaq: MOTR) shares were off 23.3% to $16.90 Wednesday. Volume was 7.8 million shares, waltzing over a full-day average of 1.3 million, after the provider of wireless-data services projected first-quarter sales beneath analysts’ estimates late Tuesday.

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