Archive for March, 2011

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ACXM pops, ORCL over its average, MTOR moves down

Thursday, March 31st, 2011

Acxiom Corp. (Nasdaq: ACXM) shares rose 6.8% to $14.42. Volume was 3.5 million shares, or six times its daily average, after BMO Capital Markets Ltd. upgraded the computer-services company from market perform to outperform.

Oracle Corporation (Nasdaq: ORCL) did 28.2 million shares worth of business Thursday, just besting its daily share average of just below 26 million. ORCL prices moved up 1.4% to $33.52.

Meritor Inc. (NYSE: MTOR) shares fell 15.1% to $17.00, on volume of 11.3 million shares, compared to a daily average of 2.3 million, after the auto-parts supplier lowered its second-quarter earnings forecast. The former ArvinMeritor also said it would close its European trailer axle business.

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LUNA shoots for the moon, S steady, SEMG sinks

Thursday, March 31st, 2011

Luna Innovations Inc. (Nasdaq: LUNA) shares gained 46.4% to $2.65, on volume of 2.7 million shares, trouncing a daily average around 20,000, after the molecular-technology provider agreed to extend a development agreement with Intuitive Surgical Inc. (Nasdaq: ISRG).

Sprint Nextel Corporation (NYSE: S) dealt in 35.1 million shares, making headway on a daily average of 64.8 million. Prices hiked 1% to $4.61.

SemGroup Corp. (NYSE: SEMG) shares were off 12.5% to $28.40, on volume of 4.2 million shares, towering over its average of 311,583, after the petroleum pipeline and storage provider reported losing $4.9 million in the fourth quarter.

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CYBI climbs, CSCO, MBND skid

Thursday, March 31st, 2011

Cybex International, Inc. (Nasdaq: CYBI) shares bolted 16.9% higher to 83 cents, on volume of 116,520 shares, compared to a daily volume of 44,877, on announcing 2010 net sales were $123.0 million compared to $120.5 million for 2009, a 2% increase. The loss for the year ended December 31, 2010 was $58.2 million, or $3.40 per diluted share, compared to a net loss of $2.4 million, or $0.14 per diluted share, for 2009.

Cisco Systems Inc. (Nasdaq: CSCO) bought and sold 38.9 million shares in early afternoon trading on Thursday, compared to a daily volume of 71.9 million. Share prices for CSCO dimmed 0.8% to $17.18.

Multiband Corporation (Nasdaq: MBND) faltered 24.6% in price Thursday to $4.50. Where average share volume would run around 63,000 shares, today’s topped 1.1 million, on word income from operations was $13.7 million from a loss of $7.2 million in fiscal 2009.

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MAKO climbs, INTC questionable, HRZ hurting

Thursday, March 31st, 2011

Mako Surgical Corp. (Nasdaq: MAKO) shares gained 11.4% to $23.89. Volume was 1.1 million shares, or nearly twice its daily average after the company said late Wednesday that it had an order for 11 surgery systems from Health Management Associations Inc. (NYSE: HMA)

Intel Corporation (Nasdaq: INTC) was a volume leader in early Thursday afternoon trading, dealing in 46.9 million shares, erasing the gap with its daily average of 59.2 million. Prices were 2.1% lower to $20.03, amid general weakness in the tech sector.

Horizon Lines Inc. (NYSE: HRZ) plummeted 25.9% in price to 94 cents, on volume of 5.4 million shares, nearly nine times its daily average, as the company contemplates bankruptcy.

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TSLA in motion, C in controversy, GMR stuck

Thursday, March 31st, 2011

Tesla Motors Inc. (Nasdaq: TSLA) shares added 19.9% to $28.42, on volume of 5.2 million shares, or four times its full-day average, after Morgan Stanley upgraded the electric-car maker to overweight from equal weight.

Citigroup Inc. (NYSE: C) bought and sold 149.2 million shares Thursday, still pursuing a daily average of 490 million. C shares trailed Wednesday’s close by 1% to $4.41. C was at the center of the deal between Berkshire Hathaway and Lubrizol, making it a key figure in the story surrounding the departure of Buffett lieutenant David Sokol.

General Maritime Corp. (NYSE: GMR) shares fell 3.2% to $2.09, on volume of 7.4 million shares, triple its daily average, a day after the debt-riddled oil carrier shipper said Oaktree Capital Management would invest $200 million in the firm.

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