Posts Tagged ‘C’

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Lights bright on Broadway, C, BAC among volume leaders, CELH cools off

Thursday, November 11th, 2010

Broadway Financial Corporation (NasdaqCM: BYFC) enjoyed a banner morning Thursday, opening 29.57 percent higher in price to $2.41. Opening volume may have been a scant 7,175 shares, but still twice its average for the whole day. The bank’s parent, Broadway Federal Bank, f.s.b., founded in 1946, is the leading community-oriented savings bank in Southern California serving low to moderate income communities.

Citigroup Inc. (NYSE:C) was among the volume leaders in the early going of Thursday’s session, trading in 85,696,412 shares. Daily average in the banking conglomerate is 471,294,000 shares. Prices for Citigroup, however, slid 1.13 percent to $4.37. The company announced Thursday morning that it had sold a $1.4-billion portfolio of multifamily and commercial real estate loans to OneWest Bank on Thursday, as the larger bank continued to shed assets it considers unrelated to its main banking businesses.

Bank of America Corporation (NYSE:BAC) saw its shares fly thick and fast in Thursday’s session, trading in 39,796,719 shares, a large fraction of its daily average of 195,038,000. BAC shares decreased in price, though, 1.75 percent to $12.35, after announcing that it had sold most of its stake in BlackRock, the world’s largest money manager. BAC sold 43.6 million shares for $163 per share, putting a $7-billion value on the deal.

Celsius Holdings Inc. (NasdaqCM: CELH) saw its shares dip in price 30.66 percent in early Thursday trading to 95 cents. Volume was 189,585 shares, trampling its daily average of 24,289. CELH Wednesday announced revenue for the quarter totaled $1.8 million as compared to $1.3 million for the same quarter in 2009, an increase of 32%. The Company recorded a net loss of $5.0 million for the 2010 quarter as compared to $2.7 million for the same period last year.

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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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WRLS, C climb, DXCM struggles

Friday, November 5th, 2010

Tellular Corpoartion (NasdaqGM: WRLS) roared out of the blocks Friday, gaining 47.41 percent in the first hour of trading to $5.97. Initial volume of 790,060 shares trampled its three-month daily average of 20,212 shares. Excitement followed in the wake of Thursday’s announcement of Q4 revenues and earnings. The Chicago-based wireless concern reported revenue of $12.0 million, up 17 percent year-over-year, and net income before non-cash items of $2 Million.

Citigroup Inc. (NYSE:C) led the volume parade in early trading Friday, trading in 274,020,554 shares in just the first hour. Normal volume for a day is around 448,837,000 shares. The banking conglomerate also gained 3.35 percent to $4.47. The news comes in spite of word this morning that several Citigroup, Inc. investors, including Charles Schwab Corp. and hedge fund Cambridge Place Investment Management have sued the bank over its mortgage underwriting processes.

DexCom Inc. (NasdaqGM: DXCM) took a thumping of 19.34 percent in early Friday trading to $11.22. Volume was 3,568,238 shares, dwarfing its three-month daily average of 337,547 shares. The company, which develops and markets continuous glucose monitoring systems for use by diabetics, reported total third-quarter revenue of $11.7 million, up 61 percent from the same quarter in 2009, but a net loss of $13.4 million, down from $13.5 million for the year-ago quarter.

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UFI, C triumph in Thursday afternoon trading, LIOX loses much of its roar

Thursday, November 4th, 2010

Unifi, Inc. (NYSE: UFI) soared 215 percent Thursday afternoon to $15.13, on volume of 230,986, roughly comparable to its three-month daily average of 248,017 shares. The news comes only a week after the Greensboro-based yarn producer announced that its third quarter net income quadrupled to $10.2 million, from $2.5 million during the year-ago quarter. UFI reported net sales reached $174 million in Q3, up roughly 22-percent over $143 million in the third quarter of 2009.

Citigroup Inc. (NYSE: C) found itself atop the leader board among biggest volumes on Thursday with 408,716,516 shares, swiftly approaching its three-month daily average of 442,066,000. Shares in the banking group climbed 2.39 percent in afternoon trading to $4.29. The favorable activity closely follows word that Citigroup was ruled not liable Thursday in a legal dispute with Terra Firma Capital Partners LP over its 2007 acquisition of British recording company EMI Group PLC. The latter party, a private-equity firm, had alleged it was duped by Citigroup into making a rich bid for EMI and had sought billions of dollars in damages.

Lionbridge Technologies, Inc. (NasdaqGM: LIOX) missed out on the general gaiety of the market Thursday, its price taking a pasting of 23.4 percent in afternoon trading to $3.83, on dismal third-quarter earnings news. Share volume of 3,437,377 was about 10 times LIOX’s three-month daily average. Lionbridge lost $3.8 million, or seven cents per share, for the three months ended Sept. 30. That compares with a loss of $1 million, or two cents per share, a year earlier.

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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.

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