Archive for March, 2011

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TSON in orbit, CSCO buzzes, EBIX swoons

Thursday, March 24th, 2011

TranS1 Inc. (Nasdaq: TSON) shares gained 25.8% to $4.10. Volume was 8.2 million shares, up against a daily average of only 172,000, after the medical-device manufacturer said U.S. regulators had cleared its spinal implant system.

Cisco Systems Inc. (Nasdaq: CSCO) was a volume champion Thursday, with 51.3 million shares changing hands, still below its average of 71.5 million. Share prices for CSCO were down, however, by 1.3% to $17.36.

Ebix Inc. (Nasdaq: EBIX) suffered a price nosedive of 24.2% Thursday to $22.53, on volume of 14.1 million shares, towering over its average of 575,442. Monitoring system BUYINS.NET announced it was updating its coverage of EBIX.

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PSTR rocks, F rolls, CNIT hobbles

Thursday, March 24th, 2011

PostRock Energy Corp (Nasdaq: PSTR) shares rose 19.6% to $5.98. Volume for the stock was 258,000, better than twice its daily volume. The company was identified Wednesday by Zacks Investment Research as having the lowest forward price-to-earnings ratio of companies in the energy exploration industry.

Ford Motor Company (NYSE: F) traded in 106.7 million shares, topping its all-day average of 87.1 million. Share prices for F climbed 5.2% to $15.05

China Information Technology Inc. (Nasdaq: CNIT) shares got bruised 13.8% to $2.69, on volume of 2.3 million, or eight times its average

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Posted in Consumer Discretionary Stocks, Energy Stocks, Technology Stocks | No Comments »

LPTH runs toward light, SIRI has stronger signal, SBAY sub-par

Thursday, March 24th, 2011

LightPath Technologies Inc. (Nasdaq: LPTH) soared an incredible 89.8% in early afternoon trade Thursday, to $2.60. Volume for this stock was 1.8 million shares, trampling its usual volume of less than 26,000, after announcing new direct-to-China sales channels.

Sirius XM Radio Inc. (Nasdaq: SIRI) was a volume leader Thursday, dealing in 35.6 million shares, making headway on an all-day volume of 55.1 million. Share prices were up as well, by 1.6% to $1.70.

Subaye Inc. (Nasdaq: SBAY) listed lower Thursday afternoon by 15.5% to $3.16. Volume of 102, 964 trailed its daily average of 145,298.

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MU major, NVDA cruising, SCHL flunks

Thursday, March 24th, 2011

Micron Technology Inc. (Nasdaq: MU) shares gained 8% to $11.07, on 60.7 million shares, surpassing a daily average of 41.3 million, after the maker of computer memory chips reported better-than-expected second-quarter results late Wednesday.

NVIDIA Corporation (Nasdaq: NVDA) saw 25.1 million shares come and go Thursday by noon ET, compared to an all-day volume of 32.3 million. NVDA shares went for $19.26 a pop, or 8.1% better than Wednesday’s close.

Scholastic Corporation (Nasdaq: SCHL) tripped 11.8% in early afternoon trading Thursday to $27.54. Volume was 627, 831 shares, or better than quadruple its daily average, after posting a Q3 net loss.

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WOLF howls, DSCM being bought, MNOV slumps

Thursday, March 24th, 2011

Great Wolf Resorts, Inc.(NASDAQ: WOLF) shares jumped 7.2% to $2.23, after it announced that it has completed the sale of its Blue Harbor Resort in Sheboygan, Wisconsin, to Claremont New Frontier Resort LLC for $4.2 million.

drugstore.com, inc. (Nasdaq: DSCM) did incredible business Thursday, trading in 53.7 million shares, dwarfing its daily average of 849,685. Share prices for DSCM skyrocketed 111.2% to $3.78, on news Walgreen (NYSE: WAG) was buying the chain for $429 million in cash.

MediciNova Inc. (Nasdaq: MNOV) plummeted in price by 23.3% to $2.73 Thursday. Volume for the stock 850,000 shares, leaving its average of 13,364 in the dust, a day after MNOV priced a firm-commitment underwritten public offering of 2,750,000 units at a price to the public of $3.00 per unit for gross proceeds of $8.25 million.

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Posted in Consumer Discretionary Stocks, Health Care Stocks | No Comments »

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