Posts Tagged ‘bac’

IIIIU, CARV end week in orbit, BAC big seller, CO sinks

Friday, November 5th, 2010

Information Services Group Inc. (NasdaqGM: IIIIU) rocketed up 91.45 percent in Friday trading to close at $8.73. Volume was 65,393 shares, although the stock’s three-month daily average was not available at press time. The Stamford, Connecticut-based information-based services company has announced the release of third-quarter financial results, slated for after the close of trading Tuesday, November 9.

Carver Bancorp., Inc. (NasdaqGM: CARV) jumped 64.37 percent to close Friday’s trading at $3.27, on volume of 22,988 shares, towering over its three-month volume average of 1,429.Carver Bancorp, Inc. is the holding company for Carver Federal Savings Bank, a federally chartered stock savings bank, founded in 1948 to serve African-American communities. Friday, the Company reported a net loss of $23.4 million for the second quarter of fiscal 2011 compared to a net loss of $300,000 for the second quarter of fiscal 2010 and a loss of $2.5 million for the first quarter of fiscal 2011.

Bank of America Corporation (NYSE: BAC) was among the volume leaders Friday, selling in 404,415,995 shares, compared to its three-month average of 186,392,000 shares. BAC gained a respectable 1.9 percent on the day to close at $12.36. The share volume follows word that BAC and Citigroup Inc. are considering whether to let employees use the Apple Inc. phone as an alternative to Research In Motion Ltd.’s BlackBerry for corporate e-mail.

China Cord Blood Corporation (NYSE: CO) hurtled earthward 29.86 percent in price to close Friday at $3.97. Volume was 4,643,558 shares, around 100 times its normal daily volume average. The company, which operates a blood bank in China for umbilical cord blood, announced it was pricing a sale of 8.1 million shares at a steep discount.

CBKN, WWON, BAC cruise, GCA slumps

Thursday, November 4th, 2010

Capital Bank Corporation: (NasdaqGS: CBKN) enjoyed a banner day Thursday, rocketing up in price 52.44 percent to close at $2.50, on unusually active volume of 460,185, more than 11 times its normal daily average The Raleigh-based regional bank announced Thursday it will sell an 85-percent stake in itself to privately-held North American Financial Holdings Inc., a holding company that will invest $181 million in Capital Bank and take over leadership of the 33-branch institution.

Westwood One Inc. (NasdaqGM: WWON) gained 27.82 percent in price Thursday to close at $11.12. Volume was 13,294, slightly below average. WWON supplies radio television stations with information services and programming. The Company, an outsource provider of traffic reporting services, produces and distributes national news, sports, talk, music, and special event programs.

Bank of America Corporation (NYSE: BAC) was also quite the active trader on a very busy Thursday, with 306,970,976 shares changing hands, nearly twice the business it would do on an average day. Besides being one of the leaders in volume, BAC boosted its price 5.3 percent to close at $12.13. Financial stocks in general extended Thursday gains after a report that the government might allow some of the larger institutions to resume dividend payments.

Global Cash Access Holdings, Inc. (NYSE: GCA) tumbled 22.87 percent Thursday to close at $2.90, on heavy share volume of 5,448,124, at least nine times its average. The news came just ahead of a third-quarter earnings call, scheduled for 5 p.m. ET, an hour after the market closed. GCA supplies cash access products and related marketing services to the gaming industry.

C, SPY, BAC shares fly off shelves

Tuesday, November 2nd, 2010

Citigroup Inc. (NYSE: C) eked ahead 0.72 percent to $4.18 on 83,470,881 shares, to lead the midday volume pack Tuesday. Three-month daily average is 445,224,000. The stock’s 52-week range travels between $3.11 and $5.07. On Monday, Citi announced that its Global Transaction Services had been appointed depositary bank by Sumitomo Mitsui Financial Group, Inc. one of the largest banks in Japan.

SPDR S&P 500 ETF Trust (NYSEArca: SPY) picked up 0.65 percent in price to $119.37 by noon, on runner-up volume of 65,526,631, compared to three-month daily average of 192,600,000 shares. The stock’s 52-week range slid to 101.13 before vaulting to a peak of 122.12.

Bank of America Corporation (NYSE: BAC) settled back 1.26 percent to $11.35 at lunchtime, on volume of 64,880,210 shares, compared to the three-month average of 182,537,000 shares.  BAC was among the banks helping CITIC Dameng raise up to $400 million U.S. in an initial public offering of shares in Hong Kong by the end of this year.