MCBF in green, INTC popular, SLAB slips

Posted on Wednesday, January 26th, 2011

Monarch Community Bancorp (Nasdaq: MCBF) shares skyrocketed 65.4 percent to $2.20, on volume of 153,590 shares, dwarfing a daily average of less than 5,000. Tuesday, the bank returned to profitability in the fourth quarter of 2010, after six successive quarters of losses. Net income for the quarter was $76,934, compared to a loss of $(17.5) million for the same period a year ago.

Intel Corporation (Nasdaq: INTC) exchanged 18.8 million shares Wednesday, compared to a daily average of nearly 55 million. Share prices improved 1.2 percent to $21.82, after the company was upgraded at BMO from Market Perform to Outperform.

Silicon Laboratories Inc. (Nasdaq: SLAB) shares dove 9.1 percent to $43.28, on volume of 1.3 million – nearly three times its daily average — after reporting revenue of $112 million for the fourth quarter and record revenue for the full year of $493 million.

Tags: , , , , , ,

Leave a Reply