SSN mighty, GE active, CHKE cutting

Posted on Monday, January 31st, 2011

Samson Oil & Gas Inc. (AMEX: SSN) shares soared 22 percent to $2.66, on volume of five million shares, better than four times its daily average, after filing its quarterly report.

General Electric (NYSE: GE) was busy Monday, dealing in 30 million shares, or about half its daily volume. Prices were fairly flat at $20.17, on news that the company, which agreed to $4.3 billion in energy acquisitions over the past four months, plans to boost results at the oil and gas unit by investing in research and plants.

Cherokee Inc. (Nasdaq: CHKE) shares demurred 11.5 percent to $16.06 on volume of 282,476 shares, five times its daily average, after slashing its quarterly dividend in order to invest more resources in its various brands of clothing, footwear, fashion accessories and home furnishings.

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