GKK grand, INTC in the chips, RPRX gets stung

Posted on Wednesday, December 1st, 2010

Gramercy Capital Corp. (NYSE: GKK) gained 12.09 percent to close Wednesday at $2.04. Volume of 431,895 shares was slightly less than average.

Intel Corp. (NasdaqGS: INTC) traded Wednesday in 52,197,726 shares, less than its daily share average of 62,444,600. Shares nudged up 1.52 percent to $21.48. INTC 52-week price peak is around $24.37

Repros Therapeutics Inc. (NasdaqCM: RPRX) took a licking by Wednesday’s close, losing 12.16 percent to $1.30, on volume of 221,792, slightly higher than daily average of 160,083. RPRX focuses on the development of oral small molecule drugs for major unmet medical needs that treat male and female reproductive disorders.

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GIGA gallops, MSFT heavy volume, ICGN pained

Posted on Wednesday, December 1st, 2010

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.

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BONZ bounces, LFBG is not left behind, EXOU staggers

Posted on Wednesday, December 1st, 2010

Bonanza Goldfields Corp. (OTCBB: BONZ) leaped 323 percent in price in late Wednesday trading to 2.2 cents. Volume in the stock was 2.44 million, compared to its average of 97,241 shares. The miner, headquartered in Phoenix, Arizona, announced Tuesday a cancellation of planned reverse split.

Left Behind Games Inc. (OTCBB: LFBG) dealt in 74 million shares late Wednesday, to make it one of the leaders in volume. Even so, LFBG’s usual volume was 99.7 million. Shares were 15.07 percent lower in price, though, to 62-100ths of a cent. The leading publisher of Christian video games, announced Tuesday that revenues received in the current quarter have exceeded expectations and are already more than 100% higher than revenues for the quarter ended September 30, 2010.

Exousia Advanced Materials Inc. (OTCBB: EXOU) sagged in price 59.38 percent as the close approached Wednesday to 13-100ths of a cent. Volume in this stock was 3.35 million shares, or more than twice its daily average. The New York-based EXOU manufactures advanced eco-friendly industrial products for worldwide infrastructure applications

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Posted in Consumer Discretionary Stocks, Energy Stocks, Industrial Stocks by Glenn | No Comments »


HSFT strong, GE active, MITL slumping

Posted on Wednesday, December 1st, 2010

Hi-Soft Technology International Ltd. (NasdaqGS: HSFT) gained 16.7 percent to $32.50 mid Wednesday afternoon. Volume was 500,152 shares, three times its normal daily volume. The company is a leading China-based provider of outsourced information technology and research and development services

General Electric (NYSE: GE) Wednesday traded in 47,906,318shares, its normal share average around 57,468,400. Shares nudged up 2.84 percent to $16.28. GE Healthcare announced today a research agreement to collaborate with Janssen Pharmaceutica NV, L.L.C. (Janssen) to identify a biosignature related to Alzheimer’s disease.

Mitel Networks Corp. (NasdaqGM: MITL) in Wednesday afternoon trading, fell 11.31 percent to $5.80, on volume of 326,519 shares, far greater than its the full-day average of 57,628. The Ontario-based MITL is a leading provider of unified communications (UC) software solutions.

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CEU marches on, CSCO in brisk trade, MCOX drops

Posted on Wednesday, December 1st, 2010

China Education Alliance Inc. (NYSE: CEU) proved one of the price champions mid Wednesday afternoon, gaining 14.81 percent to $3.10. Volume was 1,197,917 shares, compared to normal daily volume of 363,286

Cisco Systems Inc. (NasdaqGS: CSCO) early Wednesday afternoon traded in 54,088,994 shares, its normal share average around 69,116,300. Shares nudged up 0.78 percent to $19.31.

Mecox Lane Limited (NasdaqGM: MCOX) took its lumps in Wednesday afternoon trading, falling 13.5 percent to $7.50, on volume of 1,943,456 shares edging past its normal full-day average of 1,340,500. Mecox Lane Ltd.’s third-quarter net income more than tripled, as consumers snapped up its online products. The Chinese clothing and accessories company earned $797,404 million, or breakeven, for the three months ended Sept. 30. That’s up sharply from $230,217, or breakeven, a year ago.

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