LDSH jumps on buyout news, F decorated, RINO stumbles on suit

Posted on Wednesday, November 17th, 2010

Ladish Co. Inc. (NasdaqGS: LDSH) increased 55.44 percent in price Wednesday to $45.59. Volume was 3,969,419 shares, easily trumping its daily average of 86,967. Wednesday,  Allegheny Technologies, a maker of specialty metals including titanium alloys, said it would pay $778 million in cash and stock to acquire Ladish of Cudahy, Wisconsin, which makes forged and cast parts for jet engines and other industrial applications.

Ford Motor Company (NYSE: F) was a volume leader early Wednesday, dealing in 44,842,506 shares, compared to its three-month daily average of 76,199,500. The carmaker saw its stock price inch ahead 1.88 percent to $16.82. Ford said its 2011 Taurus, Super Duty and Mustang GT have earned Kelley Blue Book’s kbb.com Best Resale Value Awards in the full-size car, full-size pickup and high-performance car categories, respectively

RINO International Company (NasdaqGS: RINO) fell in price in early trading Wednesday by 16.78 percent to $5.95. Volume was 3,421,180 shares, more than triple its three-month daily average. On Wednesday, RINO revealed it was the target of a lawsuit on behalf of investors who purchased the common stock of RINO International Corporation from March 31, 2009 to November 11, 2010.

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Posted in Industrial Stocks by Glenn | No Comments »


HYC hyper over deal, C goes lending, IIIIU sinks

Posted on Wednesday, November 17th, 2010

Hypercom Corporation (NYSE: HYC) increased 14.85 percent in price soon after the opening at $7.04. Volume was a whopping 10,009,714 shares, compared to a daily average of 753,455. VeriFone Systems Inc. said Wednesday that it has agreed to buy Hypercom Corp. in an all-stock deal valued at about $485 million.

Citigroup Inc. (NYSE: C) traded widely Wednesday, dealing in 139,571,329 shares, compared to its three-month daily average of 473,962,000. The stock’s price slipped 0.95 percent to $4.18. The banking giant said Wednesday it has raised a $600-million collateralized loan obligation for Guggenheim Investment Management LLC, according to people familiar with the deal.

Information Services Group Inc. (NasdaqGM: IIIIU) fell in price in early trading Wednesday by 20.04 percent to $4.15. Volume was 72,715 shares, its three-month daily average not available at press time.

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


ISLN spikes, QQQQ among volume leaders, ASTM ailing

Posted on Monday, November 15th, 2010

Isilon Systems Inc. (NasdaqGM: ISLN) enjoyed a profitable day Monday, jumping 28.45 percent in price to close at $33.77. Volume in ISLN was 35,703,591 shares, compared to a daily average of just over one million. On Monday, EMC Corp. said it has signed a $2.25 billion deal to acquire Isilon Systems Inc. in yet another step in the consolidation of the increasingly important data-storage industry.

PowerShares QQQ (NasdaqGM: QQQQ) traded widely Monday in 56,163,936 shares. The figure was still below its three-month daily average of 73,899,700. The stock suffered in price, though, 0.37 percent to $52.31.

Aastrom Biosciences Inc. (NasdaqCM: ASTM) fell in price Monday’s trading by 15.48 percent to $3.55. Volume in ASTM was 4,168,049, or about four times its normal daily average. The Ann Arbor, Mich.-based company is a leading developer of expanded autologous cellular therapies for the treatment of severe cardiovascular diseases.

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


SAR leaps, GE steady, SSE fades

Posted on Monday, November 15th, 2010

Saratoga Investment Corp. (NYSE: SAR) jumped in price 8.63 percent to $22.66. Volume in SAR was 48,333 shares, or more than 10 times its usual daily volume. The New York-based business development company today announced that its Board of Directors has declared a dividend of $4.40 per share payable on December 23, 2010 to common shareholders of record on November 19, 2010.

General Electric Corporation (NYSE: GE) was one of the main volume leaders Monday, trading in 39,121,632 shares, still well below its daily average of 59,528,300.  Even so, the giant trailed Friday’s close in price by 0.31 percent to $16.20.  GE Marine, a unit of GE Transportation, and the Panama Canal Authority (ACP) announced today the start of the commissioning of 13 tugboats for use in the Panama Canal. The 26-engine order represents the largest in the history of GE Marine.

Southern Connecticut Bancorp (AMEX: SSE) fell in price Monday, 34.52 percent to $4.06. Volume in SSE was 57,132, or about eight to nine times its average daily volume. The holding bank announced Friday it had entered into a Mutual Termination Agreement, related to the previously announced Agreement and Plan of Merger, dated as of February 22, 2010, as amended on September 17, 2010.

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Posted in Consumer Staples Stocks, Financial Stocks by Glenn | No Comments »


UTA takes flight, INTC has chipper volume, CTIB falters

Posted on Monday, November 15th, 2010

Universal Travel Group (NYSE: UTA) took off in Monday trading, gaining 9.59 percent in price to close at $5.94. Volume in UTA was 1,008,419, easily better than its three-month daily share average of 706,830. The Chinese-based company announced Monday that it will hold a conference call Tuesday to discuss its third-quarter financial results.

Intel Corp. (Nasdaq: INTC) was among the volume leaders Monday, trading in 42,935,569 shares, still below its three-month daily average of 68,486,200. The company stumbled a bit on the price scale, though, losing 1.02 percent to $21.31. INTC said Friday its board approved a 15-percent increase in quarterly cash dividends.

CTI Industries Corp. (NasdaqCM: CTIB) slumped 17.31 percent in price Monday to close at $ 5.35. Volume was 283,292 shares, or about nine times its average. The Lake Barrington, Ill-based company said last Tuesday its net income rose 19 percent in the third quarter as revenue edged up.

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


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