ETM leaps, NOK teeters, AMKR underwhelms

Entercom Communications Corporation (NYSE: ETM) accelerated 17.5% to $12.50 Thursday, on volumes of 533,744, towering over a daily average of 138,309. Tuesday, ETM announced quarterly revenues for the quarter increased 6% to $102.1 million, while net income per share hiked 28%.

Nokia Corporation (NYSE: NOK) was a volume champion Thursday, trading in 47.9 million shares, better than double its usual volume. Prices for NOK faded 7.2% to $10.89, after the company chose to make smartphones powered by Microsoft’s Windows Phone 7 software, rather than Google’s operating system.

Amkor Technology Inc. (Nasdaq: AMKR) shares were off 10% to $7.37, on 6.2 million shares, nearly four times its usual volume, after the manufacturer of semiconducting tests projected earnings under expectations.

Tags: AMKR, buzz stocks, communications, ETM, nasdaq, NOK, NYSE, technology, Technology Stocks

This entry was posted on Thursday, February 10th, 2011 at 3:56 pm by Glenn and is filed under Technology Stocks. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.