IBCP higher, BAC busy, MCP downward

Independent Bank Corp. (Nasdaq: IBCP) shot 42 percent in price Thursday to $2.30. Volume of 859,892 shares trounced its daily average of 140,452. IBCP is the holding company of Independent Bank, a Michigan-based community bank.

Bank of America (NYSE: BAC) was again among the volume leaders, trading in 156,548,729 shares, catching up on a full-day average of 218,378,000. Prices for the stock lost one percent to $14.36.

Molycorp Inc. (NYSE: MCP) fell 11% to $54.00 Thursday, on volume of 9,154,013 shares, better than double its daily average. Colorado-based MCP is the only rare earth oxide, or REO, producer in the Western Hemisphere.

Tags: bac, buzz stocks, Energy Stocks, Financial Stocks, IBCP, MCP, nasdaq, NYSE

This entry was posted on Thursday, January 6th, 2011 at 1:59 pm by Glenn and is filed under Energy Stocks, Financial 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.