Posts Tagged ‘china stocks’

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FRC scores big in IPO, C sells briskly, SDTH staggers

Thursday, December 9th, 2010

First Republic Bank (NYSE: FRC) was among the price champions early Thursday, strengthening 95.99 percent in price to $27.34. Volume was 4,503,158 shares, upon its IPO Thursday. First Republic Bank had $22 billion in total assets as of June 30 and its wealth management assets totaled $17.2 billion.

Citigroup Inc, (NYSE: C) traded in 275,979,360 shares, making it a leader in volume, making loads of headway against its daily average of 517,995,000. Shares hiked 0.97 percent to $4.68. Citi today announced that it has hired Benjamin Poor as Manager of Market Intelligence for the Securities and Fund Services (SFS) unit within Global Transaction Services.

Shengdah Tech, Inc. (NasdaqGS: SDTH) tumbled in price 16.01 percent Thursday to wind up at $5.14, on volume of 570,864 shares, better than triple its full-day volume average. The leading manufacturer of nano-precipitated calcium carbonate in China, today announced that it intends, subject to market and other conditions, to offer an aggregate of $90.0 million of senior convertible notes due 2015 in a private offering.

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MCP marches, PFE trades widely, MCOX falls

Monday, December 6th, 2010

Molycorp. Inc (NYSE: MCP) was a winner Monday, muscling up 18.06 percent in price to $32.82. Volume of 7,226,528 shares was near triple MCP’s normal full-day average volume. Colorado-based Molycorp, Inc. is the only rare earth oxide (REO) producer in the Western hemisphere and currently produces approximately 3,000 tons of commercial rare earth materials per year.

Pfizer Inc. (NYSE: PFE) traded in 45,357,434shares, making it a leader in volume, edging its daily average of 42,923,900. Shares in PFE inched up 0.42 percent to close Monday at $16.83. PFE announced today that a significantly higher proportion of patients with newly diagnosed chronic myeloid leukemia who were treated with bosutinib (39% ) experienced a major molecular response (MMR), a secondary endpoint, compared with patients treated with imatinib (26% ) in the intent-to-treat population

Mecox Lane Ltd. (NasdaqGM: MCOX) faded in price 11.54 percent Monday afternoon to wind up at $6.90, on volume of 1,491,840 shares, slightly above its daily volume average. MCOX operates China’s leading online platform for apparel and accessories as measured by revenues in 2009.

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Posted in Consumer Discretionary Stocks, Energy Stocks, pharmaceutical stocks | No Comments »

IRE above crowd, MSFT busy, KUTV bruised

Monday, December 6th, 2010

Bank of Ireland (NYSE: IRE) gained in price by 17.11 percent to $2.16 Monday afternoon. Volume of 30,914,748 shares was near quadruple IRE’s normal full-day average volume.

Microsoft Corporation (NasdaqGS: MSFT) fell in price 63 percent to 26.85 nearing the bell Monday. The company traded in 23,942,216 shares, while making it a leader in volume, it was still considerably below MSFT’s daily average of 62,814,900. Microsoft announced monday announced the “Cloud CRM for Less” offer for Salesforce.com and Oracle customers.

Ku6 Media Co. Ltd. (NasdaqGM: KUTV) stumbled in price 11.87 percent Monday afternoon to $7.05, on volume of 179,666 shares, nearly three times its full-day average. KUTV is leader in online video portal operations in China.

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SHZ jumps, BAC peddles wares, CDCS takes bruising

Monday, December 6th, 2010

China Shen Zhou Mining and Resrouces Inc. (AMEX: SHZ) picked 22.4 percent to $1.77 early Monday afternoon. Volume of 3,852,723 shares nearly quadrupled its normal full-day average volume. SHZ is engaged in the exploration, development, mining and processing of fluorite, zinc, lead, copper, and other nonferrous metals in China ,

Bank of America Corp. (NYSE: BAC) was among the volume leaders mid afternoon Monday, trading in 77,841,291 shares, catching up on its full-day average, which is near 203,314,000. The price slid, however, 1.26 percent to $11.71.

CDC Software Corp. (NasdaqGM: CDCS) took a beating in price 12.38 percent Monday afternoon to $6.23, on volume of 79,163 shares, besting its full-day average of 46,456. CDCS’ Ross Systems, Inc. announced today that it came out on the short end of a verdict Friday, in fraud litigation between Ross Systems, Inc. and Sunshine Mills, Inc., a major employer based in Red Bay , Alabama . In the lawsuit, Sunshine Mills alleged fraud related to the sale and implementation of a beta Ross ERP system in early 2005. The jury awarded a total of $61 million in damages to Sunshine Mills

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GMAN is good, GE gains, CIS subsides

Thursday, December 2nd, 2010

Gordmans Stores. Inc. (NasdaqGS: GMAN) improved 17.27 percent in price to $15.96 in afternoon trading Thursday. Volume of 192,316 shares easily doubled its normal full-day average volume. The Omaha-based apparel and home décor retailer Wednesday announced third-quarter net income increased 10.7% over Q3 2009 to $4.3 million.

General Electric (NYSE: GE) generated a lot of volume Thursday afternoon, trading in 41,587,505 shares, but less its full-day average of 57,943,600. GE shares inched up 1.78 percent to $16.59.

Camelot Information Systems (NYSE: CIS) lost 9.60 percent in price Thursday to $22.31, on volume of 518,555 shares, or nearly twice its full-day average. CIS is a leading domestic provider of enterprise application services and financial industry information technology services in China.

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