Archive for March, 2011

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JBL has jump, BAC backtracks, KFS get crowned

Wednesday, March 23rd, 2011

Jabil Circuit Inc. (NYSE: JBL) shares gained 10.9% to $20.99, on 9.1 million shares, or triple its full-day average, a day after the manufacturer of electronic parts projected third-quarter results that beat analysts’ estimates.

Bank of America Corporation (NYSE: BAC) traded in 110.6 million shares Wednesday, catching up rapidly on a daily average of 172.3 million. Share prices, though, demurred 2.5% to $13.53, after the Federal Reserve put a halt on BAC’s proposed dividend hike for this year.

Kingsway Financial Services Inc. (NYSE: KFS) took a drubbing in early Wednesday trading, falling 15.7% to 91 cents, on volume of 148,079, more than double its daily average. This, after announcing its fourth-quarter shareholder equity was likely to fall.

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DYSL barrels out of blocks, C hires, XOMA trails off

Wednesday, March 23rd, 2011

Dynasil Corporation (Nasdaq: DYSL) shares skyrocketed 70.2% to $6.62, on volume of 156,500 shares, towering over its average of 9,172 a day, after it announced that its research division was granted additional U.S. patent claims for advances in a detector material capable of responding independently to both neutron and gamma radiation.

Citigroup Inc. (NYSE: C) was a volume leader in early trading on Wednesday, dealing in 114.7 million shares, against a full-day average of 487.6 million. Share prices eased 1.6% to $4.35, after C announced the hiring of former StanChart banker Martin Lovegrove to head its energy services division.

Xoma Ltd. (Nasdaq: XOMA) shares were off 28.5% to $3.59, on volume of 2.6 million, catching up on a daily average of 4.2 million, a day after the company said a diabetes-treatment candidate did not yield better results than a placebo in a study.

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FORM firm, SIRI flat, CELL is selling

Monday, March 21st, 2011

FormFactor Inc.(Nasdaq: FORM) shares climbed 14.6% Monday to $9.90, on volume of just over a million shares, nearly twice what it would normally trade in a day, after a Citigroup analyst noted that the provider of test equipment to the semiconductor industry had a large order.

Sirius XM Radio Inc. (Nasdaq: SIRI) traded in 30 million shares Monday, and while impressive, it was just barely half of its normal volume of 56 million. Share prices were flat at $1.71, on word that meal ticket Howard Stern announced he was cutting back on his workload.

Brightpoint Inc. (Nasdaq: CELL) fell 15.3% Monday to $10.70, on volume of 2.8 million shares, or four times its normal volume, after the company entered into a strategic alliance with Intcomex.

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CMT balloons, INTC in disarray, CCI falls off throne

Monday, March 21st, 2011

Core Molding Technologies Inc. (AMEX: CMT) shares gained 19.7% to $7.30, on 96,756 shares, dwarfing its all-day average of 7,634 after the maker of truck accessories reported higher sales in its fourth quarter.

Intel Corporation (Nasdaq: INTC) traded in 36.6 million shares, making headway against an all-day average of 57.3 million shares, after the resignation of its senior vice president Anand Chandrasekher

Crown Castle International Corp. (NYSE: CCI) shares shed 4.7% to $37.32, on volume of 12.2 million shares, or six times its daily average, after Raymond James & Associates downgraded the operator of wireless infrastructure to outperform from strong buy.

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OXPS gallops, BAC steady, DEER caught in headlights

Monday, March 21st, 2011

optionsXpress Holdings, Inc., (NASDAQ: OXPS) shares raced ahead 15.8% to $17.76, on volume of 12.7 million shares, compared to its average of 705,000. This, after an agreement under which Charles Schwab (NYSE: SCHW) will acquire optionsXpress, by which optionsXpress stockholders will receive 1.02 shares of Schwab stock for each share of optionsXpress stock.

Bank of America Inc. (NYSE: BAC) saw 93.6 million of its shares come and go Monday, in contrast to its average of 173.6 million. Share prices were flat, though, at $14.02.

Deer Consumer Products Inc. (Nasdaq: DEER) shares dipped 19.8% Monday to $8.85, on volume of 3.3 million shares, or about 10 times its norm.

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