Posts Tagged ‘amex’

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BORN soars in price, INTC big seller, UQM sinks

Thursday, November 18th, 2010

China New Borun Corporation (NYSE: BORN) saw a spike in price of 11.8 percent in Thursday afternoon trade to $12.41 Volume of 903,056 shares is to within sight of its daily average of 1,246,800 shares. The Beijing-based producer and distributor of corn-based edible alcohol in China, this week announced third-quarter revenue increased 26.1 percent to RMB417.7 million ($62.3 million U.S.) from RMB331.1 million in the third quarter of 2009. Gross profit increased 31.2 percent to RMB100.9 million ($15.1 million).

Intel Corp. (NasdaqGS: INTC) traded in 48,084,401 shares Thursday afternoon, approaching its usual daily volume of 67,954,000 shares. Shares of the chipmaker fell back 0.38 percent to $21.00. The company announced its storage division has recently added new major wins with five storage vendors, illustrating the company’s momentum around developing advanced integrated storage features and capabilities.

UQM Technologies Inc. (AMEX: UQM) fell in price Thursday by 3.81 percent to $2.02. Volume of 224,907 shares was still shy of UQM’s usual daily volume of 281, 265 shares. The Colorado-based UQM develops of alternative energy technologies.

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Posted in Energy Stocks, Technology Stocks | No Comments »

SIHI climbs, MSFT a hot trader, NPD limps

Wednesday, November 17th, 2010

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

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IDT moves up, CSCO passes volume avg., CRC falls

Wednesday, November 17th, 2010

IDT Corporation (NYSE: IDT) increased 9.69 percent in price Wednesday to $22.18. Volume was 587,063 shares, more than doubling its daily average. IDT is a consumer services company with operations primarily in the telecommunications and energy industries

Cisco Systems Inc. (NasdaqGS: CSCO) Wednesday dealt in 71,003,842 shares, surpassing its three-month daily average of 67,852,400. CSCO shares inched forward 0.69 percent to $19.57. CSCO today announced that it leads in total USGv6 certification for routers, switches and firewalls, aligning with President Barack Obama’s recent directive that all U.S. government agencies upgrade their IT infrastructures in support of Internet Protocol version 6 (IPv6), as the remaining pool of IPv4 addresses shrinks.

Chromcraft Revington Inc. (AMEX: CRC) fell in price Wednesday afternoon by 18.5 percent to $1.63. Volume of 40,675 shares, dwarfed its three-month daily average of 3,592. Tuesday, CRC reported sales of $13,808,000 and a net loss of $1,933,000 for the three months ended October 2, 2010 as compared to sales of $16,030,000 and a net loss of $979,000 for the prior year period.

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Posted in Consumer Discretionary Stocks, Energy Stocks, Technology Stocks | No Comments »

SAR leaps, GE steady, SSE fades

Monday, November 15th, 2010

Saratoga Investment Corp. (NYSE: SAR) jumped in price 8.63 percent to $22.66. Volume in SAR was 48,333 shares, or more than 10 times its usual daily volume. The New York-based business development company today announced that its Board of Directors has declared a dividend of $4.40 per share payable on December 23, 2010 to common shareholders of record on November 19, 2010.

General Electric Corporation (NYSE: GE) was one of the main volume leaders Monday, trading in 39,121,632 shares, still well below its daily average of 59,528,300.  Even so, the giant trailed Friday’s close in price by 0.31 percent to $16.20.  GE Marine, a unit of GE Transportation, and the Panama Canal Authority (ACP) announced today the start of the commissioning of 13 tugboats for use in the Panama Canal. The 26-engine order represents the largest in the history of GE Marine.

Southern Connecticut Bancorp (AMEX: SSE) fell in price Monday, 34.52 percent to $4.06. Volume in SSE was 57,132, or about eight to nine times its average daily volume. The holding bank announced Friday it had entered into a Mutual Termination Agreement, related to the previously announced Agreement and Plan of Merger, dated as of February 22, 2010, as amended on September 17, 2010.

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IIIIU flies, SIRI flies off shelves, ONP takes bruising

Monday, November 15th, 2010

Information Services Group Inc. (NasdaqGM: IIIIU) ballooned in price Monday by 66 percent to $4.27. Volume in IIIIU shares was 188,589, its three-month daily average not available at press time. The industry-leading, information-based services company is based out of Stamford, Ct.

Sirius XM Radio Inc. (NasdaqGM: SIRI) traded in 72,707,864 shares Monday, just short of its daily average of 74,926,100. SIRI shares skidded 2.46 percent, though, to $1.38. General Electric purchased two million shares of Sirius XM common stock last quarter.

Orient Paper Inc. (AMEX: ONP) took a pasting in late trading Monday, dropping 25.67 percent in price to $4.75. Volume was 2,063,827 shares, more than six times its normal daily average. ONP filed its quarterly report Monday.

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Posted in Consumer Discretionary Stocks, Technology Stocks | No Comments »

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