Posts Tagged ‘AGM’

Farmer Mac, BJ’s gain, F sells widely, MFB drops on lower profits

Wednesday, November 10th, 2010

Federal Agriculture Mortgage (NYSE: AGM) shot ahead 12.67 percent in price by mid-morning Wednesday to $14.85. Volume approaching noon registered at 276,770 shares, more than double its daily average. The lender known as Farmer Mac Tuesday reported net income of $6 million, or 56 cents a share, for the three months ended Sept. 30. That compares with net income of $17.9 million, or $1.74, a year earlier.

BJ’s Wholesale Club Inc. (NYSE: BJ) enjoyed a 9.37-percent surge in price to $45.95 late Wednesday morning. Volume in BJ shares was a hot 2,428,532 shares, compared to a daily average of 782,079 shares. BJ’s, a leading warehouse club chain in the eastern United States, has set next Wednesday, Nov. 17, as the date for announcing its third-quarter results.

Ford Motor Company (NYSE: F) was among the volume leaders as Wednesday morning drew to a close. Ford saw 54,740,099 shares trade hands early, compared to a daily average of 68,220,100 shares. F gained 2.8% in price to $16.52. The carmaker reported Tuesday that its Ford Focus will be the official car of the 2011 International CES held on Jan. 6-9 in Las Vegas.

Maidenform Brands Inc. (NYSE: MFB) slumped in price 12.96 percent late Wednesday morning to $25.25. Shares traded totaled 961,100, trumping its daily average of 266,811. The underwear maker Maidenform Brands Inc. reported its third-quarter net income fell 20 percent from a year ago. Net income fell to $12.8 million, or 55 cents per share, from $16 million, or 67 cents per share, as revenue rose 13 percent to $145.8 million from $128.7 million last year.