Archive for February, 2011

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ERTS buzzes, SIRI beams, GNW gives back

Wednesday, February 2nd, 2011

Electronic Arts Inc. (Nasdaq: ERTS) shares climbed 15.2 percent to $17.99. Volume for the stock was 20.3 million shares, compared to an average of less than five million, after the video-game publisher late Tuesday announced a $600-million share-buyback plan and hiked its 2011 earnings outlook.

Sirius XM Radio Inc. (Nasdaq: SIRI) traded in 60.2 million shares, catching its daily average volume of 51.5 million. Prices for the stock leaped 5.2 percent to $1.72, as speculation as to who will buy SIRI from Citigroup.

Genworth Financial Inc. (NYSE: GNW) shares fell 10 percent to $12.54. Volume for the stock was 11.7 million shares, compared to daily average of 6.1 million, after the insurer reported a surprise fourth-quarter loss as its mortgage operation weighed on results.

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APKT scores, C rocks, JDAS fades

Wednesday, February 2nd, 2011

Acme Packet Inc. (Nasdaq: APKT) shares were up 16.3% to $65.03, on volume of 3.8 million, better than twice its full-day average, after the maker of transmission devices for telecommunications late Tuesday reported fourth-quarter earnings that beat expectations and hiked its 2011 outlook.

Citigroup Inc. (NYSE: C) traded in 99.7 million shares, catching up on its daily average volume of 566 million. Prices for the stock dipped 0.7 percent to $4.87, after seizing control of music’s EMI Group.

JDA Software Group Inc (Nasdaq: JDAS) shares plunged 6 percent to $29.05, on volume of 769,205 shares, or double its daily average, after the maker of software used by retailers late Tuesday forecast 2011 revenue below Wall Street’s expectations.

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