EPIC excels, CSCO flat, OVTI thumped

Posted on Monday, April 4th, 2011

Epicor Software Corp. (Nasdaq: EPIC) shares climbed 11.3% to $12.51, on volume of 11 million shares, routing its daily average of 274,000, after the business supplier agreed to be acquired in a deal worth about $976 million.

Cisco Systems Inc. (Nasdaq: CSCO) dealt in 41.2 million shares Monday, compared to a 73.1-million-share average. Prices were flat, though, at $17.03. Shares of video conferencing products maker Radvision (see previous blog) are down $1.69, or 14%, at $10.27 after the company this morning cut its Q1 outlook, saying that revenue from Cisco Systems is coming in much lower than expected, at about $2 million versus $5 million expected.

OmniVision Technologies Inc. (Nasdaq: OVTI) shares slid 8.6% to $33.09, on volume of 7.5 million shares, or triple its daily average, on worries it might be replaced as Apple Inc.(Nasdaq: AAPL) image-sensor supplier in the next version of the iPhone. Apple shares dipped 1.4% to $339.70.

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OXGN moves up, F trades widely, LUV grounded

Posted on Monday, April 4th, 2011

Oxigene Inc. (Nasdaq:OXGN) shares advanced 6.5% to $1.82, on volume of 165,014, nosing out its all-day average of 134,773, after it announced the presentation of positive preclinical data supporting development of its novel, non-peptidic cathepsin L inhibitors as anticancer agents.

Ford Motor Company (NYSE: F) was a volume champion early Monday afternoon, trading in 59.4 million shares, although shy of its full-day average of 90 million. Prices for F were up 3% to $15.61, on word its CEO Alan Mulally was to receive the Edison Achievement Award, at a ceremony in New York on Tuesday.

Southwest Airlines Co. (NYSE: LUV) was among the more notable stocks losing ground in Monday trading, its shares shedding 2.5% to $12.35, on 8.3 million shares – just nosing out its daily average — after the carrier said Sunday that two planes were found to have cracks like those in a plane that developed a hole in flight on Friday.

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


MSSR gets a bite, INTC softens, RVSN stumbles

Posted on Monday, April 4th, 2011

McCormick & Schmick’s Seafood Restaurants, Inc. (Nasdaq: MSSR) shares gained 29.2% to $9.20, on volume of 515,736 shares, overwhelming an average of 78,167, after Landry Restaurant Inc.’s chief executive said he planned to launch a hostile bid for the restaurant chain.

Intel Corp. (Nasdaq: INTC) traded in 25.1 million shares before the lunch break Monday, compared to a daily average of 61.4 million. Share prices were down 1.6% to $19.42, after its estimates were reduced at Sterne, who assigned a buy rating and $28 price target.

RADVision Ltd. (Nasdaq: RVSN) shares plummeted 12% to $10.53, on volume of 212,160 shares, its daily average below 60,000. The company announced today that based on preliminary results, RVSN expects to report revenues for the first quarter of 2011 of approximately $20.5 to $21.0 million. As a result, the net loss for the first quarter of 2011 is expected to range from $0.15 to $0.19 per diluted share on a GAAP basis and from $0.10 to $0.14 per diluted share on a non-GAAP basis.

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Viva VVUS, C active, AMIE earthward

Posted on Monday, April 4th, 2011

Vivus Inc. (Nasdaq: VVUS) shares rose 11.7% to $7.05 early Monday morning, on volume of 6.4 million shares, or double its all-day average. This, after the company said its experimental weight-loss drug yielded positive results and helped cut blood pressure.

Citigroup Inc. (NYSE: C) was an early volume leader Monday, dealing in 79 million, compared to a daily average of 494.6 million. Share prices slid 0.5% to $4.43,

Ambassadors International Inc. (Nasdaq: AMIE) shares tumbled 69.6% to 85 cents, on volume of 2.5 million shares, towering over a daily average around 101,000, after the parent of Windstar Cruises filed for bankruptcy protection on Friday.

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Posted in Consumer Discretionary Stocks, Financial Stocks, Health Care Stocks by Glenn | No Comments »


ACXM pops, ORCL over its average, MTOR moves down

Posted on Thursday, March 31st, 2011

Acxiom Corp. (Nasdaq: ACXM) shares rose 6.8% to $14.42. Volume was 3.5 million shares, or six times its daily average, after BMO Capital Markets Ltd. upgraded the computer-services company from market perform to outperform.

Oracle Corporation (Nasdaq: ORCL) did 28.2 million shares worth of business Thursday, just besting its daily share average of just below 26 million. ORCL prices moved up 1.4% to $33.52.

Meritor Inc. (NYSE: MTOR) shares fell 15.1% to $17.00, on volume of 11.3 million shares, compared to a daily average of 2.3 million, after the auto-parts supplier lowered its second-quarter earnings forecast. The former ArvinMeritor also said it would close its European trailer axle business.

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