Posts Tagged ‘amex’

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GRH more energetic, SPDR sells briskly, MBR lists lower

Wednesday, November 10th, 2010

GreenHunter Energy Inc. (AMEX: GRH) tacked on 15.98 percent to its price in early afternoon Wednesday, to $1.38. Volume on GRH shares was an unusually heavy 166,854, about five times its daily average. The Grapevine, Texas-based company announced last week that it has closed on approximately $30 million in tax-exempt Recovery Zone Facility Bonds.

SPDR S&P 500 (NYSEArca: SPY) did a brisk business early Wednesday, having traded in 123,355,762 shares, rapidly approaching its daily average of 193,469,000. The index-based issue inched up 0.22 percent in price to $121.88.

Mercantile Bancorp Inc. (AMEX: MBR) took it on the chin during early Wednesday afternoon trading, giving back 22.48 percent in price to $1.00. Volume in MBR stock surpassed 79,631 shares, or nearly 20 times its daily average. Last week, the Quincy, Illinois-based regional bank announced it would terminate its shareholder rights offering without acceptance of any of the subscriptions exercised thereunder.

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Posted in Consumer Staples Stocks, Energy Stocks, Financial Stocks | No Comments »

UEC forges ahead, LVS has strong volume, GSI slumps

Monday, November 8th, 2010

Uranium Energy Corp. (AMEX: UEC) enjoyed Monday, tacking on 31.02 percent to greet the final minutes before the closing bell at $6.04. Volume was 2,479,297shares, or nearly four times its daily average over the last three months. In October, the Texas-based UEC announced that it had completed its previously announced private placement financing involving the sale of an aggregate of 8,111,313 units of the Company (each a “Unit”), at a price of $3.40 per Unit, for gross proceeds of $27,578,464.20.

Las Vegas Sands Corp. (NYSE: LVS) gained 1.56 percent approaching Monday’s final bell to $52.79. Volume was 64,079,528 shares, or more than double its three-month daily average. Last week, LVS announced a quarterly dividend payment of $2.50 per share on its outstanding 10% Series A Cumulative Perpetual Preferred Stock to stockholders of record at the close of business on Tuesday, November 2.

General Steel Holdings (NYSE: GSI) skidded 7.43 percent in price to $2.74 near the close on Monday. Volume for the stock was 1,053,064 shares, in contrast to a three-month daily average of 278,970 shares. The drop comes amid word of third-quarter results out Monday, which showed gross margin improved to 3.4% from 1.5% in the previous quarter. Income from operations for the Beijing-based company increased to $6.0 million for the third quarter from a loss of $6.3 million in the second quarter and a loss of $6.4 million in the first quarter of 2010

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

HTM shows its power, INS proves brainy, SPDR flies off shelves, DPW down

Monday, November 8th, 2010

U.S. Geothermal Inc. (AMEX: HTM) leaped 22.73 percent to $1.35, on volume of 1,986,007 shares, or nearly 10 times its daily average. The Boise, Idaho company has scheduled a conference call for Tuesday, to discuss second-quarter financials. U.S. Geothermal Inc., a renewable energy company focused on the production of electricity from geothermal energy, owns and operates geothermal power plants at Raft River, Idaho and San Emidio, Nevada, and is developing the Neal Hot Springs project in Oregon.

Intelligent Systems Corporation (AMEX: INS) went skyward 50.93 percent to $1.60 in early afternoon trading Monday.  INS share volume surpassed 13,650 shares, dwarfing its three-month daily average of 1,267. INS, based in Norcross, Georgia, for 30 years, has identified, created, operated and grown early stage technology companies.

SPDR S&P 500 (NYSEArca: SPY) led AMEX volume stocks early Monday afternoon by trading in 81,826,044 shares. Daily three-month average is 194,042,000 shares. The index-based issue lost some traction, though, faltering in price 0.18 percent to $122.50.

Digital Power Corporation (AMEX: DPW) gave back 11.28 percent in price in early afternoon trading Monday to $1.73. Volume quadrupled its three-month daily average at124,392 shares. The company, based in Fremont, Calif., last week reported third-quarter revenues increased by 87 percent to $3,186,000, compared to $1,708,000 for the quarter ended September 30, 2009. Net income was $303,000 for the quarter ended September 30, 2010, compared to a net loss of $205,000 for the same quarter last year.

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Posted in Energy Stocks, Financial Stocks, Technology Stocks | 1 Comment »

KEM spreads wings, C stumbles, REVU reverses

Monday, November 8th, 2010

Kemet Corporation (AMEX: KEM) ballooned in price 206.51 percent to start the week, leaping to $13.18 in the first hour of Monday’s trading. Volume was 77,353 shares, compared to a three-month daily average volume of 603,542 shares. Friday, the company filed an application with the state of Delaware for a reverse stock split of the Company’s common stock at a ratio of one-to-three. Kemet, based in Greenville, South Carolina, is a leading manufacturer of tantalum, ceramic, aluminum, film, paper and electrolytic capacitors.

Citigroup Inc. (NYSE: C) slid in price to begin the week, by 0.45 percent in the first hour of Monday’s trading, to $4.45. The banking conglomerate led all volume gainers, however, with128,587,051 shares changing hands, compared to a three-month daily average of 460,630,000. Meanwhile, the Wall Street Journal reported that the Securities and Exchange Commission has subpoenaed a number of former Citigroup brokers, who contend the bank misled investors on risky bond funds.

The Princeton Review, Inc. (NasdaqGM: REVU) plummeted 20 percent in price in Monday’s first hour to $1.24. Volume was 256,776 shares, more than double its three-month daily average. The Framingham, Mass. provider of test preparation, educational support services and online career education services, reported third-quarter revenue increased 59 percent to $54.4 million from$34.3 million in the prior year period. Loss from continuing operations was $8.7 million in the third quarter of 2010, as compared to income of $144,000 in the prior-year period.

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Posted in Consumer Discretionary Stocks, Consumer Staples Stocks, Financial Stocks | No Comments »

CFS, ARTG, IIIIU lead midday gainers parade Tuesday

Tuesday, November 2nd, 2010

Comforce Corp. (AMEX: CFS) advanced 51.86 percent to $2.46, as the clock approached noon ET, on 621,038 shares, compared to a daily average of 9,408 shares. The volume and sharp rise comes amid news that the company agreed to be taken over by an affiliate of ABRY Partners for $2.50 per share of common stock, a premium of approximately 77.4 percent over Comforce’s 30-day average closing stock price, and a 52-week high for the issue. Comforce Corporation is a leading provider of outsourced staffing management services.

Art Technology Group Inc. (Nasdaq: ARTG) leaped 45.37 percent by midday to $5.96, on volume of 59,981,921shares, towering above its three-month daily average of 1,135,700 shares, on the verge of an announcement that Oracle was about to buy ATG for $1 billion, thus adding the maker of e-commerce software to Oracle’s business-software offerings. Oracle will pay $6 a share, a 46 percent premium to Monday’s closing price and a level last seen in 2001 as the Internet bubble was still deflating.

Information Services Group, Inc. Units (Nasdaq: IIIIU) was ahead 24.48 percent to $3.86 nearing lunchtime in New York, on volume of 3,616 shares. The industry-leading information-based services company will release its third-quarter 2010 financial results on Tuesday, November 9. Neither the stock’s 52-week range nor average volume was available at press time.

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

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