Archive for February, 2011

NTES shows knack, BAC backtracks, JACK shows cracks

Thursday, February 24th, 2011

NetEase.com Inc. (Nasdaq: NTES) U.S.-listed shares rose 7.2% to $45.95, on share volume of 1.9 million, nearly triple its full-day average, after the Chinese provider of online games reported a fourth-quarter profit that beat Wall Street estimates late Wednesday.

Bank of America Corporation (NYSE: BAC) traded in 51.9 million shares before noon ET Thursday, catching up on an all-day average of 186.7 million. BAC prices dropped 1.9%, though, to $13.90.

Jack in the Box Inc. (Nasdaq: JACK) shares fell 5.8% to $21.95, on volume of 614,000, already outdistancing its daily average of around 541,000, a day after the fast-food chain reported its quarterly results and updated guidance for the year.

MTZ mounts scale, C sells, ETFC backs off

Thursday, February 24th, 2011

MasTec Inc. (NYSE: MTZ) shares gained 12.8% to $18.02, on share volume of 1.2 million, or double its all-day average, a day after the utility contractor projected full-year earnings that topped market forecasts.

Citigroup Inc. (NYSE: C) dealt in 135 million shares early Thursday, pursuing an all-day average of 551 million. Prices for C faded 0.7% to $4.66.

E-Trade Financial Corp. (Nasdaq: ETFC) shares shed 4.7% to $15.86. Volume was 10.7 million shares, or nearly four times its full-day average, after the online brokerage said its biggest shareholder and bondholder planned to cut its holdings in E-Trade to less than 20%.

MXC jumping, YHOO busy, SBAY subdued

Wednesday, February 23rd, 2011

Mexco Energy Corporation (AMEX: MXC) shares surged 37.7% to $12.74, on share volume of more than 428,000 shares, compared to a daily average around 2,800.

Yahoo! Inc. (Nasdaq: YHOO) traded Wednesday in 34.6 million shares, nearly doubling its daily average. Prices for YHOO inched back 1.9% to $16.58, amid speculation in some circles that the stock is trading at half of what it should be.

Subaye Inc. (Nasdaq: SBAY) subtracted 12.2% to $7.20 Wednesday, on share volume of nearly 179,000, beating its daily average of about 129,000, a day after announcing it would need more time to file its quarterly results with the SEC.

TVER a terror, CBIS deals, FSWA drops

Wednesday, February 23rd, 2011

Terrace Ventures Inc. (OTCBB: TVER) saw its share prices zoom 809.1% to 13 cents. Share volume was 36,440, compared with a typical daily average of 7,277.

Cannabis Science Inc. (OTCBB: CBIS) traded in 57.9 million shares Wednesday, compared to its normal share average of less than one million. Prices for CBIS climbed 76.5% to 12 cents, after announcing encouraging tests on cancer patients being treated by one of its distributors.

First Sound Bank (OTCBB: FSWA) saw its shares drop in price 70.4% to eight cents, on share volume of 45,510, compared to a daily average of just over 10,000. The Seattle-based FSWA is a locally-owned commercial bank offering a full range of financial services.

SYNO ticks upward, NVDA flies off shelves, BWEN windblown

Wednesday, February 23rd, 2011

Synovis Life Technologies Inc. (Nasdaq: SYNO) shares were up 10.5% to $18.38, on share volume of more than 154,000 shares, or better than five times its average, after the medical-equipment maker on Wednesday reported first-quarter profit that topped estimates.

Nvidia Corporation (Nasdaq: NVDA) traded Wednesday in 37.2 million shares, besting a daily average of 26.5 million. Prices for NVDA eased 4.7% to $22.11

Broadwind Energy Inc. (Nasdaq: BWEN) subtracted 12.4% to $1.55 Wednesday, on share volume of nearly 1.6 million, beating its daily average of about 893,000.