MCP jumps, GE busy, JTX stumbles

Molycorp. Inc. (NYSE: MCP) progressed 12.28 percent in price Monday afternoon to $35.12. Volume was 4,273,650 shares, once-and-a-half its normal daily average. Molycorp, Inc., the Western Hemisphere’s only producer of rare earths, announced that it has secured the last of several environmental permits necessary to begin construction of its new, state-of-the-art rare earth manufacturing facility at Mountain Pass, California.

General Electric Company (NYSE: GE) did a lot of business Monday, trading in 38,111,289 shares, zeroing in on its normal daily average of 58,764,900 shares. Prices for GE were flat at $17.65. GE today announced its intention to make an offer for 100% of Wellstream Holdings PLC, a leading engineer and manufacturer of high-quality flexible pipeline products for oil and gas transportation in the subsea production industry.

Jackson Hewitt Tax Services (NYSE: JTX) lost 11.56 percent in price to $1.30 just past noon ET on Monday. Volume was 2,000,705 shares, nearly triple its full-day average. Based in Parsippany, N.J., JTX. is an industry-leading provider of full service individual federal and state income tax preparation.

Tags: Energy Stocks, Financial Stocks, GE, JTX, MCP, NYSE, Technology Stocks

This entry was posted on Monday, December 13th, 2010 at 1:18 pm by Glenn and is filed under Consumer Discretionary Stocks, Energy 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.