Stanley Furniture Company Inc. (Nasdaq: STLY) soared 30.5 percent in price Wednesday to $4.49. Volume was 614,486 shares, trounced its normal all-day average of 43,612. STLY is a leading designer and manufacturer of wood furniture targeted at the premium price range of the residential market.
Intel Corp. (Nasdaq: INTC) was a volume leader Wednesday, trading in 49,231,123 shares, even so, INTC trailed its daily average of 54,447,500. Prices for the stock slid 0.9 percent to $20.97. INTC introduced its game-changing 2nd Generation Intel® Core™ processor family today at a press conference at the Consumer Electronics Show.
Arabian American Development Company (Nasdaq: ARSD) dropped 7.8 percent Wednesday to $4.61, on volume of 106,085 shares, more than five times its full-day average. ARSD owns and operates a petrochemical facility located in southeast Texas just north of Beaumont which specializes in high purity petrochemical solvents and other solvent type manufacturing.