CDTI leaps, CSCO posts strong volume, VRGY bruised

Posted on Thursday, November 18th, 2010

Clean Diesel Technologies Inc. (NasdaqCM: CDTI) prospered 19.13 percent in price in early Thursday afternoon trade to $18.25  Volume of 286,570 shares trumped the stock’s three-month daily average of 48,333. The Ventura, Calif.-based CDTI is a cleantech emissions reduction company.

Cisco Systems Inc. (NasdaqGS: CSCO) was a volume leader early Thursday afternoon, with 55,840,000 shares changing hands, against its usual daily volume of 68,212,800 shares. CSCO shares nipped ahead 0.8 percent Thursday in price to $19.56.

Verigy Ltd. (NasdaqGS: VRGY) fell in price early Thursday by 6.17 percent to $8.36. Volume of 4,340,000 shares trampled over usual daily volume of 628,148 shares. It was announced Thursday that LTX-Credence Corporation was being investigated for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to complete a sale of the Company to Verigy Ltd.

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Posted in Consumer Discretionary Stocks, Energy Stocks, Technology Stocks by admin | No Comments »


LTX has credence, BAC active, ALOT sinks,

Posted on Thursday, November 18th, 2010

LTX-Credence Corporation (NasdaqGM: LTXC) galloped ahead 31.10 percent in price by noon ET Thursday to $7.84. Volume of 6,628,004 shares trumped the stock’s three-month daily average of 531,400. Thursday, it was announced that LTXC was being investigated in connection with the proposed acquisition by Verigy. The probe seeks to determine whether LTXC and its Board breached their fiduciary duties by entering into the agreement without properly shopping for a deal that would provide better value for shareholders.

Bank of America (NYSE: BAC) did a brisk trade by midday Thursday, with 80.3 million shares changing hands, against its usual daily volume of 259,370,000 shares. BAC shares nipped ahead 0.65 percent Thursday in price to $11.69. It was announced Thursday that BAC ranked number one among all banks in the amount of credit extended through the U.S. Small Business Administration’s 504 loan program during the last fiscal year.

AstroMed Inc. (NasdaqGM: ALOT) fell in price early Thursday by 9.4 percent to approach noon at $6.65. Volume of 63,500 shares trounced its usual daily volume of 2,998 shares. The Rhode Island-based ALOT reported this week net sales of $18,329,000 and net income of $792,000 for the third quarter of 2010, compared to net sales of $16,658,000 and net income of $683,000.

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Posted in Financial Stocks, Technology Stocks by Glenn | No Comments »


Irish theme continues with AIB, F in gear, HEAT cools

Posted on Thursday, November 18th, 2010

Allied Irish Banks (NYSE: AIB) gained 9.26 percent in price in early trading Thursday to $1.18. Volume of 3,292,252 shares rapidly approached the stock’s three-month daily average of 5,221,820. AIB announced Thursday that it will issue an Interim Management Statement during the day on Friday, November 19.

Ford Motor Company (NYSE: F) shares flew off the shelves Thursday near noon, with volume of 109,785,493 shares towering over its usual daily volume of 77,227,800. Shares slid 1.95 percent Thursday, however, to $16.35. The carmaker currently the top shareholder in Mazda Motor Corp. announced Thursday that it will sell about 70% of its shareholdings in the Japanese automaker on the Tokyo stock market Friday, but the two automakers are expected to maintain their strategic alliance.

SmartHeat Inc. (NasdaqGM: HEAT) fell in price early Thursday by 10.71 percent to $5.05. Volume of 1,885,516 shares proved nearly five times its average for a full day. The company announced Thursday the pricing of its previously announced public offering of 5,000,000 shares of its common stock pursuant to an effective shelf registration statement at a public offering price of $5.00 per share. The transaction is expected to close on or about November 23.

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Posted in Financial Stocks, Technology Stocks by Glenn | No Comments »


EXMT zooms, CHTL trades widely, ENRJ stalls

Posted on Thursday, November 18th, 2010

Anything Technologies Media Inc. (Pink Sheets: EXMT) saw its share price climb 2,508.7% to 12 cents. Volume was a scant 835 shares, however.

China Tel Group Inc. (OTCBB: CHTL) was a volume leader among micro-caps Thursday, trading in 887,279 shares. Shares, though were flat in Thursday trading at 17 cents. CHTL announced Tuesday that it has entered into two related stock subscription and shareholder agreements with Shanghai Ying Yue Network Technology Ltd and Azur Capital under which ChinaTel will control approximately 34,000 km of fiber optic cable that connects all major population centers within the People’s Republic of China (PRC).

Enerjex Resources, Inc. (OTCBB: ENRJ) dipped in price 86.67 percent in early Thursday trading to six cents. Volume was 600 shares.

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Posted in Technology Stocks by Glenn | No Comments »


IRE surges, C widely traded, IIIIU trends downward

Posted on Thursday, November 18th, 2010

Bank of Ireland (NYSE: IRE) gained 10.65 percent in price in early trading Thursday to $2.39. Volume of 3,417,273 shares topped its three-month daily average of 3,095,990. The Irish central bank has provided nearly 35 billion euros in exceptional liquidity assistance to its banks as of the end of October, data from the monetary authority showed on Thursday.

Citigroup (NYSE:C) was the volume leader in early Thursday trading, with 62,394,962 shares changing hands, 3-month average daily volume comes in at 476,264,000. Shares gained 1.67 percent Thursday to $4.26.

Information Services Group Inc. (Nasdaq: IIIIU) fell in price early Thursday by 17.4 percent to $3.18. Volume of 82,132 shares.

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Posted in Financial Stocks, Technology Stocks by Glenn | No Comments »


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