SIHI climbs, MSFT a hot trader, NPD limps

SinoHub Inc. (AMEX: SIHI) gained 22.09 percent in price Wednesday to $3.04. Today’s volume was 2,531,278 shares, towering over its daily average of 71,867. Last week, the China-based electronics company reported Q3 sales of $55.8 million, a 54.1-percent jump over the prior-year quarter. Gross profit increased 58.1 percent to $10.2 million

Microsoft Inc. (NasdaqGS: MSFT) was among the most active stocks Wednesday, trading in 31,599,424 shares, its three-month daily average is 61,267,300, however. MSFT today announced the general availability of Microsoft Lync, the next generation of communications that connects people in new ways. Lync is a single platform that integrates instant messaging, presence, audio, video, web conferencing and voice to bring people together in the ways they communicate best, with one interface that works with the applications businesses know and use today, including Microsoft Office, Microsoft SharePoint and Microsoft Exchange.

China Nepstar Chain Drugstore (NYSE: NPD) fell in price Wednesday afternoon by 17.1 percent to $3.98. Volume was 1,239,458 shares, more than tripled its three-month daily average of 371,977. NPD reported quarterly results Wednesday, which showed revenue was RMB597 million (US$89 million), reflecting a 7.3-percent increase compared to revenue of RMB556 million in the third quarter of 2009. Income from operations was RMB14 million (US$2 million), compared to a loss of RMB13 million in the second quarter of 2010 and a loss of RMB4 million in the first quarter of 2010

Tags: amex, china stocks, msft, nasdaq, NPD, NYSE, SIHI, Technology Stocks

This entry was posted on Wednesday, November 17th, 2010 at 3:11 pm by Glenn and is filed under Technology 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.