SHZ jumps, BAC peddles wares, CDCS takes bruising

China Shen Zhou Mining and Resrouces Inc. (AMEX: SHZ) picked 22.4 percent to $1.77 early Monday afternoon. Volume of 3,852,723 shares nearly quadrupled its normal full-day average volume. SHZ is engaged in the exploration, development, mining and processing of fluorite, zinc, lead, copper, and other nonferrous metals in China ,

Bank of America Corp. (NYSE: BAC) was among the volume leaders mid afternoon Monday, trading in 77,841,291 shares, catching up on its full-day average, which is near 203,314,000. The price slid, however, 1.26 percent to $11.71.

CDC Software Corp. (NasdaqGM: CDCS) took a beating in price 12.38 percent Monday afternoon to $6.23, on volume of 79,163 shares, besting its full-day average of 46,456. CDCS’ Ross Systems, Inc. announced today that it came out on the short end of a verdict Friday, in fraud litigation between Ross Systems, Inc. and Sunshine Mills, Inc., a major employer based in Red Bay , Alabama . In the lawsuit, Sunshine Mills alleged fraud related to the sale and implementation of a beta Ross ERP system in early 2005. The jury awarded a total of $61 million in damages to Sunshine Mills

Tags: amex, bac, CDCS, china stocks, Energy Stocks, Financial Stocks, SHZ, Technology Stocks

This entry was posted on Monday, December 6th, 2010 at 3:11 pm by Glenn and is filed under Energy Stocks, Financial Stocks. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.