LUNA shoots for the moon, S steady, SEMG sinks

Posted on Thursday, March 31st, 2011

Luna Innovations Inc. (Nasdaq: LUNA) shares gained 46.4% to $2.65, on volume of 2.7 million shares, trouncing a daily average around 20,000, after the molecular-technology provider agreed to extend a development agreement with Intuitive Surgical Inc. (Nasdaq: ISRG).

Sprint Nextel Corporation (NYSE: S) dealt in 35.1 million shares, making headway on a daily average of 64.8 million. Prices hiked 1% to $4.61.

SemGroup Corp. (NYSE: SEMG) shares were off 12.5% to $28.40, on volume of 4.2 million shares, towering over its average of 311,583, after the petroleum pipeline and storage provider reported losing $4.9 million in the fourth quarter.

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


CYBI climbs, CSCO, MBND skid

Posted on Thursday, March 31st, 2011

Cybex International, Inc. (Nasdaq: CYBI) shares bolted 16.9% higher to 83 cents, on volume of 116,520 shares, compared to a daily volume of 44,877, on announcing 2010 net sales were $123.0 million compared to $120.5 million for 2009, a 2% increase. The loss for the year ended December 31, 2010 was $58.2 million, or $3.40 per diluted share, compared to a net loss of $2.4 million, or $0.14 per diluted share, for 2009.

Cisco Systems Inc. (Nasdaq: CSCO) bought and sold 38.9 million shares in early afternoon trading on Thursday, compared to a daily volume of 71.9 million. Share prices for CSCO dimmed 0.8% to $17.18.

Multiband Corporation (Nasdaq: MBND) faltered 24.6% in price Thursday to $4.50. Where average share volume would run around 63,000 shares, today’s topped 1.1 million, on word income from operations was $13.7 million from a loss of $7.2 million in fiscal 2009.

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MAKO climbs, INTC questionable, HRZ hurting

Posted on Thursday, March 31st, 2011

Mako Surgical Corp. (Nasdaq: MAKO) shares gained 11.4% to $23.89. Volume was 1.1 million shares, or nearly twice its daily average after the company said late Wednesday that it had an order for 11 surgery systems from Health Management Associations Inc. (NYSE: HMA)

Intel Corporation (Nasdaq: INTC) was a volume leader in early Thursday afternoon trading, dealing in 46.9 million shares, erasing the gap with its daily average of 59.2 million. Prices were 2.1% lower to $20.03, amid general weakness in the tech sector.

Horizon Lines Inc. (NYSE: HRZ) plummeted 25.9% in price to 94 cents, on volume of 5.4 million shares, nearly nine times its daily average, as the company contemplates bankruptcy.

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TSLA in motion, C in controversy, GMR stuck

Posted on Thursday, March 31st, 2011

Tesla Motors Inc. (Nasdaq: TSLA) shares added 19.9% to $28.42, on volume of 5.2 million shares, or four times its full-day average, after Morgan Stanley upgraded the electric-car maker to overweight from equal weight.

Citigroup Inc. (NYSE: C) bought and sold 149.2 million shares Thursday, still pursuing a daily average of 490 million. C shares trailed Wednesday’s close by 1% to $4.41. C was at the center of the deal between Berkshire Hathaway and Lubrizol, making it a key figure in the story surrounding the departure of Buffett lieutenant David Sokol.

General Maritime Corp. (NYSE: GMR) shares fell 3.2% to $2.09, on volume of 7.4 million shares, triple its daily average, a day after the debt-riddled oil carrier shipper said Oaktree Capital Management would invest $200 million in the firm.

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


PRAN makes hay, SIRI sells, KNDI hobbled

Posted on Thursday, March 31st, 2011

Prana Biotechnology (NASDAQ : PRAN) vaulted 7.6% to $2.83, on volume of 2.5 million or 2 ½ times its daily average. This, after announcing that the Alzheimer’s Drug Discovery Foundation will provide Prana with a mission-related investment of $700,000 over two years to conduct a clinical trial investigating the potential of PBT2 to reduce the accumulation of beta-amyloid in the brain of people with Alzheimer’s Disease.

Sirius XM Radio Inc. (Nasdaq: SIRI) beamed out 43.6 million shares Thursday, catching up on its daily average of 52.6 million. Prices subsided, though, 4.1%, to $1.64, amid word that its antitrust lawsuit has been approved for class-action status.

Kandi Technologies, Corp. (NASDAQ: KNDI) shares dipped 12.5% to $2.95. Volume for KNDI was 367,558, closing the gap with its daily average of around 380,000, after it reported 2010 revenues increased 26.8% to $42.9 million. On a non-GAAP basis, which excludes certain warrants, options and convertible notes related charges, the Company reported 2010 adjusted net income of $5.0 million, up 76% from the prior year.

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


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