GIGA gallops, MSFT heavy volume, ICGN pained

Gigatronics Inc. (NasdaqCM: GIGA) gained 18.72 percent to $2.60 at Wednesday’s close Volume was 103,119 shares, whereas its normal daily volume is 8,531. The San Ramon, Calif.-based GIGA announced today that it has received orders in excess of $4.8 million to supply microwave test equipment for the automation of production at contract manufacturers in China. The products supplied are part of Giga-tronics’ microwave signal switching family. These orders are expected to ship this Fiscal Year.

Microsoft Corp. (NasdaqGS: MSFT) Wednesday traded in 72,816,781 shares, slightly better its daily share average of 61,957,100. Shares nudged up 3.1 percent to $26.04. MSFT

Icagen Inc. (NasdaqGM: ICGN) dropped 13.76 percent in Wednesday afternoon trading, to $1.88, on volume of 2,640,381 shares, compared to its average daily volume of 171,532. The North Carolina-based ICGN today provided an update on its sodium channel program for pain and related disorders which is being conducted in collaboration with Pfizer. Based upon data obtained in this study, the companies have now selected one of these compounds to advance into further clinical studies. The selection of this compound has triggered a milestone payment to Icagen of $1.0 million.

Tags: GIGA, ICGN, msft, nasdaq, pharmaceutical stocks, Technology Stocks

This entry was posted on Wednesday, December 1st, 2010 at 4:52 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.