Posted on Monday, December 20th, 2010
Chelsea Therapeutics International Ltd. (Nasdaq: CHTP) zoomed higher 19.13 percent in price Monday to $7.16. Volume of 3,471,695 shares better than tripled its full-day average. The Charlotte-based CHTP announced it has completed a pre-NDA assessment with the FDA and intends to accelerate its new drug application (NDA) for NORTHERA™(droxidopa) for the treatment of symptomatic, neurogenic orthostatic hypotension.
Cisco Systems Inc. (Nasdaq: CSCO) was busy early Monday afternoon, trading in 26,465,845 shares, making headway against its daily average of 71,898,900. Share prices for CSCO crept ahead 0.69 percent to $19.68.
BioLase Technology Inc. (Nasdaq: BLTI) fell in price 11.05 percent Monday to $1.69, on volume of 64,212 shares, approaching its full-day average of 78,005. BLTI, based in Irvine, Calif., is the world’s leading dental laser manufacturer and distributor.
Tags: Biotech Stocks, BLTI, CHTP, CSCO, healthcare, nasdaq, pharmaceutical stocks, Technology Stocks
Posted in Health Care Stocks, Technology Stocks by Glenn | No Comments »
Posted on Monday, December 20th, 2010
Bioanalytical Systems Inc. (Nasdaq: BASI) celebrated a hike of 23.97 percent in price Monday to $3.31. Volume of 193,397 shares overwhelmed its full-day average of 8,971. Indiana-based BASi is a pharmaceutical development services company providing contract research services and instruments and supplies to the world’s leading drug development companies and medical research organizations.
Marshall & Ilsley Corp. (NYSE: MI) traded in 33,286,748 shares Monday, more than doubling its daily average of 14,042,100. Share prices for MI skidded 3.65 percent, however, to $6.61. MI’s board of directors is under investigation concerning possible breaches of fiduciary duty and other violations of law related to the Company’s efforts to sell Marshall & Ilsley to BMO Financial Group in a transaction with a value of approximately $4.1 billion.
BankAtlantic Bancorp, Inc. (NYSE: BBX) found itself downward in price, 10.76 percent Monday to $1.41, on volume of 2,579,650 shares, or more than five times its full-day average. BBX is one of the largest financial institutions headquartered in Florida.
Tags: BASI, BBX, Financial Stocks, healthcare, MI, nasdaq, NYSE, pharmaceutical stocks
Posted in Financial Stocks, Health Care Stocks by Glenn | No Comments »
Posted on Monday, December 20th, 2010
WSP Holdings Limited (NYSE: WH) moved higher 33.65 percent in price Monday to $1.39. Volume of 2,025,559 shares proved about 20 times its full-day average, as the Chinese drilling pipe manufacturer said its subsidiary received about $91.8 million in new orders.
Bank of America Corp. (NYSE: BAC) was a volume leader Monday, trading in 61,883,919 shares, making progress against its daily average of 214,418,000. Share prices for BAC inched 0.84 percent up to $12.68. AEGON USA Realty Advisors, LLC and Bank of America Merrill Lynch today announced that they have entered into a formal agreement in which BofA Merrill Lynch will utilize AEGON’s commercial real estate lending expertise and significant industry relationships to source new lending opportunities.
Magic Software Enterprises Ltd. (Nasdaq: MGIC) took a header in price, 11.80 percent Monday to $6.74, on volume of 1,908,951 shares, or more than triple its full-day average. The Israeli global provider of cloud and on-premise enabled application platform and business integration solutions today announced that it entered into definitive agreements, to sell securities to institutional investors in a private placement for aggregate gross proceeds of approximately $21.2 million.
Tags: bac, Energy Stocks, Financial Stocks, mgic, nasdaq, NYSE, Technology Stocks, WH
Posted in Energy Stocks, Financial Stocks, Technology Stocks by Glenn | No Comments »
Posted on Monday, December 20th, 2010
Fresh Start Private Management Inc. (OTCBB: CEYY) leaped 221.43 percent Monday to 18 cents. Share volume was a whopping 1.46 million shares, more than 11 times its full-day average of 122,125. The Calif.-based CEYY is a leader in the alcohol treatment and rehabilitation industry.
Universal Detection Technology (OTCBB: UNDT) saw its shares fly off the shelves in early Monday afternoon trading, doing volume of 255.07 million shares, trampling its normal volume of just under 16 million. Prices for the stock rocketed up 66.67 percent to five-100ths of a cent. UNDT, based in Los Angeles and a developer of early-warning monitoring technologies to protect people from bioterrorism and other infectious health threats and provider of counter-terrorism consulting and training services, announced today that it has entered into a distribution agreement with Brazil-based ORMAX Tecnologia em Seguranca.
Ecology Coatings Inc. (OTCBB: ECOC) slumped in early afternoon trade Monday, dumping 57.14 percent in price to 1.5 cents. Volume for the stock was 54,830 shares, compared to a daily average of 16,324. The Michigan-based ECOC is a leader in the discovery and development of nanotechnology-enabled, ultraviolet-curable advanced coatings.
Tags: CEYY, ECOC, healthcare, otcbb, Penny Stocks, Technology Stocks, UNDT
Posted in Health Care Stocks, Industrial Stocks, Technology Stocks by admin | No Comments »
Posted on Monday, December 20th, 2010
Icagen Inc. (Nasdaq: ICGN) vaulted 33.79 percent in price Monday to $1.94. Volume of 1,107,887 shares quadrupled its full-day average. The North Carolina-based drug company today provided an update on its sodium channel program for pain and related disorders, which is being conducted in collaboration with Pfizer.
Citigroup (NYSE: C) was a volume leader Monday, trading in 207,906,616 shares, making progress against its daily average of 556,140,000. Share prices for Citi eased 0.11 percent to $4.70. Citi today announced a multi-year renewal of its long-standing U.S. private label credit card partnership with The Children’s Place Retail Stores Inc., the largest pure-play children’s specialty apparel retailer in North America.
Ultrapetrol Ltd. (Nasdaq: ULTR) fell 13.95 percent Thursday to $6.45, on volume of 336,901 shares, five times its full-day average. Ultrapetrol announced today its intention to offer to sell, subject to market and other conditions, $60.0 million aggregate principal amount of its Convertible Senior Notes due 2017.
Tags: C, Financial Stocks, healthcare, ICGN, nasdaq, NYSE, pharmaceutical stocks, ULTR
Posted in Financial Stocks, Health Care Stocks, Industrial Stocks by Glenn | No Comments »
