Archive for February, 2011

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CRFN warms to buyout, MSFT high volume, VSCP goes backwards

Thursday, February 24th, 2011

Crescent Financial Corporation (Nasdaq: CRFN) rocketed 93.6% in price to $4.20, on share volume of 391,000, dwarfing an all-day average of 11,259, after announcing that Piedmont Community Bank Holdings was about to buy CRFN.

Microsoft Inc. (Nasdaq: MSFT) traded Thursday in 31.3 million shares, closing in on a daily average of 57.5 million. MSFT shares were flat at $26.61, after announcing a battle with Google to acquire more public school contracts in the U.S.

VirtualScopics Inc. (Nasdaq: VSCP) subtracted 17.3% to $2.15 Thursday, on share volume of 693,000, triple its daily average, after reporting full-year revenues were up 29% from last year.

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BW higher, INTC bolts, STS stutters

Thursday, February 24th, 2011

Brush Engineered Materials (NYSE: BW) jumped 22.6% in price to $42.26, on share volume of 351,000, better than triple its all-day average. This, after BW declared quarterly EPS of 61 cents, trouncing estimates of 46 cents, and revenues of $356 million, compared to estimates $305.13 million.

Intel (Nasdaq: INTC) did pretty fair volume Thursday, trading in 27.7 million, nearly half its daily average. INTC shares were flat at to $21.16 after announcing Thunderbolt Technology, a new high-speed PC connection technology that runs at 10Gbps.

Supreme Industries Inc. (AMEX: STS) stumbled in price to 22.2% to $2.45 Thursday, on share volume of 104,000, compared to a measly 8,129 for a daily average, after reporting net sales for the full year, of $220.9 million, up 19% from $186.1 million in 2009.

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PCLN beams up, CSCO deals, SLXP sliced and diced

Thursday, February 24th, 2011

Priceline.com Inc. (Nasdaq: PCLN) shares were up 7.1% to $456.11, on share volume of 2.9 million shares, or three times its average, a day after the online travel-booking service said its fourth-quarter net income rose 73%.

Cisco Systems Inc. (Nasdaq: CSCO) was among volume leaders Thursday, particularly among tech stocks, by trading in 30.6 million shares, nearly half its all-day average of 71.9 million. Prices for CSCO were flat at $18.39

Salix Pharmaceuticals Inc. (Nasdaq: SLXP) stumbled in price to 22.8% to $32.01 Thursday, on share volume of 8.9 million, more than 10 times its daily average, after the Raleigh company said that the FDA wasn’t ready to approve one of its drug candidates without more information.

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SAVW brilliant, TYRIA towers, CPSV tumbles

Thursday, February 24th, 2011

SavWatt USA Inc. (OTCBB: SAVW) shot ahead 263.2% to 1.38 cents. The stock was also a volume leader among micro-caps Thursday, trading in 41.5 million shares, compared to a daily average of 1.9 million, a day after the leader in LED lighting technology and the green revolution, signed a 10-year-lease for a new state-of-the-art facility called “SavWatt’s Eco Hub.”

Trey Resources Inc. (OTCBB: TYRIA) traded in 30.5 million shares Thursday, compared to an all-day average of 25.9 million. Prices for TYRIA were flat at one-100th of a cent.

Consumer Products Services Group Inc. (OTCBB: CPSV) capsized 40% in price to 2.1 cents Thursday, on share volume of 69,280, pursuing an all-day average of 105,719.

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PPO revs, F rolls off lot, IDCC idles

Thursday, February 24th, 2011

Polypore International Inc (NYSE: PPO) shares climbed 16.8% to $57.85, on share volume of 746,000, already beating an all-day average of 554,000, after the battery-component manufacturer forecast better-than-expected first-quarter earnings late Wednesday.

Ford Motor Company (NYSE: F) proved a volume leader in early trading Thursday, dealing in 36.8 million, nearly half its all-day average of 80.1 million. Prices for F fell 1.5% to $14.64.

InterDigital, Inc. (NASDAQ: IDCC) tumbled 8.2% to $48.76, on share volume of 2.2 million, more than double its daily average, after it announced that its patent holding subsidiaries have previously entered into a worldwide, non-transferable, non-exclusive, royalty-bearing patent license agreement with SII Mobile Communications Inc., a subsidiary of Seiko Holdings Corporation, headquartered in Japan.

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