Posts Tagged ‘BGP’

FTK jumps, AAPL reacts to Jobs news, BGP tanks

Tuesday, January 18th, 2011

Flotek Industries Inc. (NYSE: FTK) leaped 12.1 percent in price to $6.56. Volume was 1,892,503, nosing its full-day volume average of 1,451,310. The Houston-based FTK supplies drilling and production-related products to the mining and energy industries mining industries.

Apple Inc. (Nasdaq: AAPL) was active Tuesday, dealing in 49,819,895 shares Thursday, better than triple its full-day average. Prices for the stock sagged 2.2 percent to $340.89, on word CEO Steve Jobs is taking medical leave of absence.

Borders Group Inc. (NYSE: BGP) fell 13.2 percent to 92 cents. Volume for the stock was 6,837,874 shares, about three and a half times its all-day average, after reports surfaced over the weekend that the company has hired bankruptcy and restructuring lawyers.

Borders Group, Inc. (BGP) shares rise on rumors of possible financing

Friday, January 14th, 2011

Shares of Borders Group, Inc. (NYSE: BGP) were up more than 30 percent on Friday after it was reported that the troubled bookstore chain told publishers that it was close to securing refinancing that was intended to reduce costs, improve liquidity and expand marketing efforts.

Borders also asked publishers to provide money for a large portion of the company’s debt as a loan, according to people briefed on the matter, the New York Times reported.

Last week, sources told Reuters that the bookseller has hired FTI Consulting Inc to assist in analyzing its finances and is in talks with GE Capital about new debt that could replace its existing credit line.

It was also reported earlier this month that  Borders said it was delaying payments to some of its vendors. According to the company’s latest financial statements, its biggest liability is its unpaid bills to suppliers, a figure which may have ballooned following the holiday selling season.

Shares of BPG closed at $1.06, up 29 percent from Thursday’s closing price. Shares are down 18 percent over teh past three months.

BGP smashes borders, CSCO trades widely, PTN stumbles

Monday, December 6th, 2010

Borders Group Inc. (NYSE: BGP) leaped 25.93 percent late Monday morning to $1.36. Volume of 4,417,506 shares proved five times its normal full-day average volume. Headquartered in Ann Arbor, Mich., through its subsidiaries BGP is a leading specialty retailer of books as well as other educational and entertainment items

Cisco Systems (NasdaqGS: CSCO) was among the volume leaders late Monday morning, trading in 34,577,264 shares, making headway against its full-day average, which is near 69,622,200. CSCO share prices progressed 2.46 percent to $19.54. CSCO and BMC Software today announced a strategic alliance to develop and market new solutions for large-scale multi-tenant cloud computing infrastructures.

Palatin Technologies Inc. (AMEX: PTN) slid in price 17.13 percent Monday to 87 cents, on volume of 63,151 shares, nosing out its full-day average in just the first two hours. PTN is a biopharmaceutical company dedicated to the development of peptide, peptide mimetic and small molecule agonists with a focus on melanocortin and natriuretic peptide receptor systems.