Archive for February, 2011

CLF scales cliff, INTC steady, SUTR less than super

Monday, February 14th, 2011

Cliffs Natural Resources Inc. (NYSE: CLF) shares gained 5.8%, to $92.55, on volume of 3.4 million shares, nosing out its daily average of 3.2 million. CLF is enjoying a rally among metals-mining stocks after data showed a jump in Chinese imports of iron ore, copper and other industrial commodities.

Intel Corporation (Nasdaq: INTC) dealt in 37.2 million shares Monday, trailing a daily average of 54.5 million. Prices for the chip-maker drifted lower 0.8% to $21.59, after announcing an investment in half a dozen mobile technology companies.

Sutor Technology Group Ltd. (Nasdaq: SUTR) toppled in price by 11% Monday to $1.94. Volume for SUTR was 497,116 shortly before the close, or nearly five times its average, after announcing quarterly revenues of $99.4 million, compared to $115.2 million for the same period last year, or 13.7% lower.

OEDV overwhelms, PTSH solid, SNAS swoons

Monday, February 14th, 2011

Osage Exploration and Development Inc. (OTCBB: OEDV) galloped ahead 185.7% in price to 20 cents Monday, on volume of 13,470 shares, well behind a daily average of around 75,000. OEDV is an independent exploration and production company with interests in oil and gas wells and prospects in the U.S. and Colombia.

PTS Inc. (OTCBB: PTSH) had a busy Monday, trading in 143 million shares, compared to its usual average of 12.5 million. Share prices were flat, though, at two-100ths of a cent. The Company’s current purpose is to seek, investigate and, if such investigation warrants, acquire an interest in business opportunities presented to it by persons or firms who or which desire to seek the perceived advantages of a Corporation.

Sino Assurance Inc. (OTCBB: SNAS) sagged 70% in price to 15 cents Monday on volume of 19,780 shares, 50% better than it trades most days. SNAS through its subsidiaries and variable interest entity, is mainly engaged in the provision of surety and tendering guarantees service to corporations and individuals in China.

BIDZ amazing, JDSU trades, AXTI takes beating

Monday, February 14th, 2011

Bidz.com (Nasdaq: BIDZ) shares ballooned 15.8% to $1.56, on volumes of 860, 625 shares, trouncing a daily average of 34,422 shares.

JDS Uniphase Corp. (Nasdaq: JDSU) traded in 28.5 million shares Monday, better than quadrupling a daily average of 6.8 million. Share prices swooned 1% to $27.88. JDS recently reported a 142% jump in fourth-quarter earnings per share as sales rose 38% to $473.5 million.

AXT Inc. (Nasdaq: AXTI) shares slipped 12.6% to $9.81, on volume of 1.7 million shares, more than tripling its daily average. AXT will release its financials Feb. 23.

NFLX is star, MU mighty, CPSL slumps

Monday, February 14th, 2011

Netflix Inc. (Nasdaq: NFLX) shares rose 6.3%. to $245.72, on volumes of 8.1 million shares, surpassing a daily average of 5.6 million shares. Caris & Co. raised its price target to $316 from $224.

Micron Technology (Nasdaq: MU) traded in 53.8 million shares Monday, routing a daily average of 35.7 million. Share prices increased 2.4% to $11.60, after ThinkEquity boosted its estimates, to a buy rating and new $15 price target.

China Precision Steel Inc. (Nasdaq: CPSL) shares slipped 14.3% to $1.86, on volume of 2.5 million shares, quadrupling its daily average. The company announces financials Tuesday.

INPH incredible, F on move, MMI sags

Monday, February 14th, 2011

Interphase Corporation (Nasdaq: INPH) shares launched 14.6% higher Monday to $4.70. Volume topped two million shares, towering over an average around 59,000. The company last week reported quarterly revenues were up 24% to $5.8 million when compared to $4.7 million for the fourth quarter of 2009.

Ford Motor Company (NYSE: F) traded in 48.8 million shares Monday, compared to a daily average of 89.8 million. Share prices fell flat 1.9% to $16.07, after announcing the sale of $586 million worth of securities.

Motorola Mobility Holdings Inc. (NYSE: MMI) shares shed 5% to $29.59, on volume of 3.4 million shares, just shy of its four-million-share daily average, after the cell-phone maker said it bought software developer Three Laws Mobility Inc. for an undisclosed sum late last year.