Posted on Wednesday, January 19th, 2011
Intellipharmaceutics International (Nasdaq: IPCI) went higher 18 percent to close Wednesday at $6.04. Volume of 181,460 shares ran away from its full-day average of 27,753. IPCI is a pharmaceutical company specializing in the research, development and manufacture of novel and generic controlled release and targeted release oral solid dosage drugs.
Wells Fargo & Company (NYSE: WFC) dealt in 50,557,742 shares, topping its full-day average of 33,984,900. Share prices dropped, however, by 1.9 percent to $31.86. WFC posted net income attributable to common shareholders of $3.2 billion, or 61 cents per share, matching analyst expectations. Last year, profit of $394 million, or eight cents per share, was sharply reduced by preferred dividends paid under the government bailout.
Magnetek Inc. (NYSE: MAG) surrendered 15.4 percent Wednesday to $1.65. Volume of 271,367 shares more than doubled its average daily volume of 106,631. MAG, which provides digital power control systems North America, announced Wednesday it would release second-quarter financial numbers on Feb. 9.
Tags: buzz stocks, Financial Stocks, healthcare, IPCI, MAG, nasdaq, NYSE, Technology Stocks, WFC
Posted in Financial Stocks, Health Care Stocks, Technology Stocks by Glenn | No Comments »
Posted on Wednesday, January 19th, 2011
Onstream Media Corporation (Nasdaq: ONSM) climbed 16.7 percent to $1.26 Wednesday afternoon. Volume of 311,943 shares nearly quadrupled its full-day average. Based out of Pompano Beach, Fla., ONSM is a leading online service provider of live and on-demand Internet broadcasting, corporate web communications and virtual marketplace technology.
Apple Inc. (Nasdaq: AAPL) dealt in 35,634,665 shares, more than doubling its full-day average of 15,576,600. Prices for AAPL tailed off, however, by 0.6 percent to $338.38, after initially rebounding after the iPhone maker blew through earnings estimates on strong iPad sales.
Subaye Inc, (Nasdaq: SBAY) capsized 10.9 percent Wednesday to $10.89. Volume was 227,096 shares doubled its average daily volume of 114, 961. Tuesday, SBAY, a leading online business services provider in China engaged in enterprise cloud computing, launched Groupbuy as a standalone product and will not be offered as a component of Subaye’s Bundled Cloud Product.
Tags: AAPL, buzz stocks, china stocks, nasdaq, ONSM, SBAY, technology, Technology Stocks
Posted in Technology Stocks by Glenn | No Comments »
Posted on Wednesday, January 19th, 2011
Energy Focus, Inc. (Nasdaq: EFOI) climbed 10.3 percent to $1.18 Wednesday afternoon. Volume of 396,108 shares proved four times its full-day average. Solon, Ohio-based EFOI is a leader in providing energy efficient lighting solutions.
Sprint Nextel Corporation (NYSE: S) dealt in 50,848,950 shares, catching up to its full-day average of 54,200,200. Prices for S went south, though, 2.1 percent to $4.27, on word the company will announce fourth-quarter and full-year financial numbers on Feb. 10.
The PMI Group, Inc. (NYSE: PMI) skidded 17.4 percent Wednesday to $3.30. Volume was 13,608,639 shares was nearly triple its average daily volume. Through its wholly and partially owned subsidiaries, PMI offers residential mortgage insurance and credit enhancement products.
Tags: EFOI, Energy Stocks, Financial Stocks, nasdaq, NYSE, PMI, S, Technology Stocks
Posted in Energy Stocks, Financial Stocks, Technology Stocks by Glenn | No Comments »
Posted on Wednesday, January 19th, 2011
Cemtrex Inc. (OTCBB: CTEI) shot skyward Wednesday, gaining 122.2 percent in price to 10 cents. Volume of 31,000 shares closed the gap on a full-day average of 52, 585. CTEI is a world leader in providing environmental solutions to a variety of industries all over the world.
AlphaTrade.com (OTCBB: APTD) was one of the most widely traded micro-cap stocks Wednesday, dealing in 32.3 million, more than twice its all-day average. Prices for the stock dipped, however, 33.3 percent to six-100ths of a cent. APTD is a recognized financial data providing company specializing in real-time financial market data for major North American exchanges and markets.
Unilava Corp.. (OTCBB: UNLA) dropped sharply Wednesday, losing 52.9 percent to four cents. Volume for UNLA registered at 3.68 million, leaps an bounds better than its daily average of 158,710. UNLA announced Wednesday the first implementation of the their LOI with China Wi-Max Communications to identify funding and resource opportunities to support engineering and capital needs towards their joint venture, targeting markets of over $60 million U.S. in Beijing, Shanghai and Shenzhen.
Tags: aptd, buzz stocks, communications, CTEI, Financial Stocks, otcbb, Penny Stocks, small cap stocks, Technology Stocks, UNLA
Posted in Financial Stocks, Industrial Stocks, Technology Stocks by Glenn | No Comments »
Posted on Wednesday, January 19th, 2011
Gentium SpA (Nasdaq: GENT) rocketed up 14.1 percent to $8.99 Wednesday afternoon. Volume of 154,050 shares proved four times its full-day average. Italian-based GENT is a biopharmaceutical company focused on the development and manufacture of drugs to treat and prevent a variety of diseases and conditions.
Ford Motor Company (NYSE: F) was among the top traders Wednesday, dealing in 59,850,360 shares, making headway on its full-day average of 83,462,800. Prices for F fell 4.5 percent, though, to $17.86.
China Shen Zhou Mining and Resources (AMEX: SHZ) settled in price 18.3 percent Wednesday to $6.63. Volume was 5,817,660 shares, surpassed its aevrage daily volume of 3,876,320. Wednesday, SHZ announced that it has entered into a securities purchase agreement with several institutional investors for a registered direct placement of approximately $20 million of common stock at a price of $7.05 per share.
Tags: amex, Biotech Stocks, consumer discretionary, Energy Stocks, F, GENT, nasdaq, NYSE, pharmaceutical stocks, SHZ
Posted in Consumer Discretionary Stocks, Energy Stocks, Health Care Stocks by Glenn | No Comments »
