Archive for April, 2011

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MCP marvelous, ORCL popular, DGW under fire

Monday, April 4th, 2011

Molycorp. Inc. (NYSE: MCP) shares advanced 12.3% to $66.54, on volume of 10.6 million, compared to 6.1 million, after the producer of rare-earth metals bought a controlling stake in Estonia-based AS Silmet.

Oracle Corporation (Nasdaq: ORCL) traded in 23.7 million shares Monday, a titch short of its daily average of 26.9 million. Prices for ORCL nipped up 0.3% to $34.12.

Duoyuan Global Water Inc. (NYSE: DGW) descended 27% in price to $4.01. Volume for the stock was eight million shares, towering over its daily average of 416,379, after a research firm with a short position in the stock accused the Chinese company of committing fraud.

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LB living large, SIRI masterful, GD groggy

Monday, April 4th, 2011

LaBarge Inc. (AMEX: LB) shares rose 9.1% to $19.02 a piece, on volume of 1.9 million shares, dwarfing a daily average of less than 35,000. This, after Ducommun Inc. (NYSE: DCO) said it would buy the electronic manufacturing-services company for $19.25 a share. Ducommun shares improved 3.9% to $25.00.

Sirius XM Radio Inc. (Nasdaq: SIRI) saw 25.9 million of its shares change hands, trailing its daily average of 54 million. Prices inched up 2.7% to $1.70, after announcing today it would provide live radio coverage of this week’s Masters Golf Tournament from Augusta, Ga.

General Dynamics Corp. (NYSE: GD) shares fell 5.7% to $73.00, on volume of 9.7 million shares, far surpassing its daily average of 1.9 million. This, after a unit of the defense contractor said four employees died Saturday when an aircraft crashed during a test flight.

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EPIC excels, CSCO flat, OVTI thumped

Monday, April 4th, 2011

Epicor Software Corp. (Nasdaq: EPIC) shares climbed 11.3% to $12.51, on volume of 11 million shares, routing its daily average of 274,000, after the business supplier agreed to be acquired in a deal worth about $976 million.

Cisco Systems Inc. (Nasdaq: CSCO) dealt in 41.2 million shares Monday, compared to a 73.1-million-share average. Prices were flat, though, at $17.03. Shares of video conferencing products maker Radvision (see previous blog) are down $1.69, or 14%, at $10.27 after the company this morning cut its Q1 outlook, saying that revenue from Cisco Systems is coming in much lower than expected, at about $2 million versus $5 million expected.

OmniVision Technologies Inc. (Nasdaq: OVTI) shares slid 8.6% to $33.09, on volume of 7.5 million shares, or triple its daily average, on worries it might be replaced as Apple Inc.(Nasdaq: AAPL) image-sensor supplier in the next version of the iPhone. Apple shares dipped 1.4% to $339.70.

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OXGN moves up, F trades widely, LUV grounded

Monday, April 4th, 2011

Oxigene Inc. (Nasdaq:OXGN) shares advanced 6.5% to $1.82, on volume of 165,014, nosing out its all-day average of 134,773, after it announced the presentation of positive preclinical data supporting development of its novel, non-peptidic cathepsin L inhibitors as anticancer agents.

Ford Motor Company (NYSE: F) was a volume champion early Monday afternoon, trading in 59.4 million shares, although shy of its full-day average of 90 million. Prices for F were up 3% to $15.61, on word its CEO Alan Mulally was to receive the Edison Achievement Award, at a ceremony in New York on Tuesday.

Southwest Airlines Co. (NYSE: LUV) was among the more notable stocks losing ground in Monday trading, its shares shedding 2.5% to $12.35, on 8.3 million shares – just nosing out its daily average — after the carrier said Sunday that two planes were found to have cracks like those in a plane that developed a hole in flight on Friday.

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

MSSR gets a bite, INTC softens, RVSN stumbles

Monday, April 4th, 2011

McCormick & Schmick’s Seafood Restaurants, Inc. (Nasdaq: MSSR) shares gained 29.2% to $9.20, on volume of 515,736 shares, overwhelming an average of 78,167, after Landry Restaurant Inc.’s chief executive said he planned to launch a hostile bid for the restaurant chain.

Intel Corp. (Nasdaq: INTC) traded in 25.1 million shares before the lunch break Monday, compared to a daily average of 61.4 million. Share prices were down 1.6% to $19.42, after its estimates were reduced at Sterne, who assigned a buy rating and $28 price target.

RADVision Ltd. (Nasdaq: RVSN) shares plummeted 12% to $10.53, on volume of 212,160 shares, its daily average below 60,000. The company announced today that based on preliminary results, RVSN expects to report revenues for the first quarter of 2011 of approximately $20.5 to $21.0 million. As a result, the net loss for the first quarter of 2011 is expected to range from $0.15 to $0.19 per diluted share on a GAAP basis and from $0.10 to $0.14 per diluted share on a non-GAAP basis.

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

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