SINO sets sail, INTC benefits from upgrade, ASTI stumbles

Sino-Global Shipping America (Nasdaq: SINO) enjoyed a 20-percent spike in price in late trading Thursday to $3.06. Volume in SINO was only 22,048, which is still five times its normal average volume. SINO is a leading, non-state-owned provider of shipping agency services operating primarily in China.

Intel Corporation (Nasdaq: INTC) traded in 52,665,889 shares, and even though that’s below its daily average of 69,476,600 shares, it was still enough to make “Mr. Chips” one of the market’s volume leaders. The chip-maker forged ahead 0.59 percent to $21.17. Thursday, an analyst at Morgan Stanley raised his rating on INTC to “Overweight” from “Equal Weight”, while setting a price target of $26.

Ascent Solar Technologies Inc. (NasdaqGM: ASTI) was bruised 14.25 percent in price to $3.91 in late Thursday trading. Volume in ASTI was a healthy 2,058,979 shares, more than quadruple its daily average volume.  The photovoltaic module maker, based out of Thornton, Colo., said its share sale was priced at a nine-percent discount to its Wednesday close.

Tags: ASTI, INTC, SINO

This entry was posted on Thursday, November 11th, 2010 at 4:54 pm by admin and is filed under Industrial Stocks, 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.