FARO fabulous, GE does business, GM profits

Faro Technologies Inc. (Nasdaq: FARO) shares rose 17.9% to $35.19, on share volume of 396, 461, or six times its normal daily share volume, after the manufacturer of portable software measuring systems reported fourth-quarter results that exceeded estimates late Wednesday.

General Electric Company (NYSE: GE) was among the volume champions Thursday, dealing in 64.9 million shares, outdistancing a daily average of 59.4 million. Prices for GE forged 1.7% higher at $20.58.

General Motors Co. (NYSE: GM) shares slumped 4.5% to $33.02, on share volume of 63.3 million, more than triple its normal average, after the automaker reported an annual profit of $4.7 billion in 2010, its first annual profit since 2004.

Tags: buzz stocks, consumer discretionary, FARO, GE, GM, nasdaq, NYSE, Technology Stocks

This entry was posted on Thursday, February 24th, 2011 at 4:48 pm by Glenn and is filed under Consumer Discretionary Stocks, 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.