Pall Corporation (NYSE: PLL) shares charged ahead 11.9 percent to $54.45, on volume of 4.5 million shares, six times its daily average, after an analyst said the looming retirement of the diversified U.S. manufacturer’s chief executive officer could set the stage for a sale of the company.
Advanced Micro Devices Inc. (NYSE: AMD) was on a lot of radar screens Monday, dealing in 31.4 million shares, surpassing a daily volume of 22.7 million. Prices improved 5.1 percent to $7.87, on news from Intel Corp. that there was a design error in a component of the latter’s new chip that will cost the company roughly $300 million in lost revenue.
Central Pacific Financial Corp. (NYSE: CPF) shares were off 7.1 percent to $1.56 on volume of 406,896 shares, 33.3 percent better than its daily average. Friday, CFP announced it had trimmed its losses to $2.1 million, or 14 cents per diluted share, for the quarter ending Dec. 31.