Posts Tagged ‘china stocks’

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MIGP soars, C does brisk trade, APWR loses some power

Wednesday, December 1st, 2010

Mercer Insurance Group Inc. (NasdaqGM: MIGP) jumped in price 47.93 percent to open trading Wednesday at $27.88. Volume of 340,855 squashed its normal daily voume of 4,312. Kendall Law Group announced Wednesday it is investigating Mercer Insurance Group, Inc. for shareholders in connection with the proposed acquisition by United Fire & Casualty Company. The national securities firm’s investigation seeks to determine whether Mercer Insurance Group and its Board breached their fi

Citigroup Inc. (NYSE: C) was the volume leader in early trading Wednesday, exchanging 154,660,124 shares, rapidly catching closing in on its daily average volume of 465,835,000. Citigroup shares were 2.02 percent more expensive at $4.28.

APower Energy Generation Systems Ltd. (NasdaqGS: APWR) saw its share prices fall Wednesday morning by 27.99 percent to $4.58. Early share volume of 3,099,954 shares more than tripled the stock’s full-day average. The Chinese-based power company reported Wednesday revenues decreased 40.7% to $57.3 million from $96.6 million in the third quarter 2009. Gross profit decreased 2.5% to $12.3 million in the third quarter from $12.6 million in the third quarter 2009.

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AMRN flies on positive tests, C sells widely, CEU staggers

Monday, November 29th, 2010

Amarin Corp. PLC (NasdaqCM: AMRN) enjoyed a gain of gained 58.03 percent in price early Monday to $5.61. Volume in the first hour was a staggering 17,200,902 shares, trampling its three-month average share volume of 767,131. The Connecticut and Ireland-based pharmaceutical company today reported positive, statistically significant top-line results from the MARINE study, its first Phase 3 clinical trial of lead drug candidate AMR101.

Citigroup Inc. (NYSE: C) was among Monday morning’s volume leaders, trading in 104,926,884 shares, nearly a quarter of its normal daily volume of 117,592,265 shares, with its three-month average share volume pegged at 464,971,000. The banking behemoth upped its price by 0.97 percent to $4.15. C today announced that it has won a mandate to provide third-party securities lending services for Global X Funds’ family of exchange traded funds.

China Education Alliance Inc. (NYSE: CEU) fell in price early Tuesday by 12.7 percent to $3.85. Volume was 165,878 shares, its three-month average share volume not available at press time. CEU is a leading China-based company experiencing fast-growing, offering high-quality education resources and services to students ages 6 to 18 and adults (university students and professionals) ages 18 and over.

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NYNY comes up nuggets, MSFT big trader, LPTH slides

Thursday, November 18th, 2010

Empire Resorts Inc. (NasdaqGM: NYNY) gained 25.83 percent in price in Thursday afternoon trade to $1.51 Volume of 1,969,508 shares left its usual share volume of 164,241 in the dust. The casino operator announced last week that its wholly-owned subsidiary, Monticello Casino and Raceway, has added electronic roulette games to its increasingly diverse slot offerings.

Microsoft Corp. (NasdaqGS: MSFT) was among Thursday’s volume kingpins, trading in 46,986,893 shares Thursday afternoon, approaching its usual daily volume of 61,528,900 shares. Shares of the software giant inched up 1.17 percent to $25.87. Following the successful launch of Microsoft Dynamics GP 2010, MSFT announced Thursday that the upcoming release of Microsoft Dynamics GP 2010 R2 will provide midsize customers with new contextual business intelligence capabilities and additional ease-of-use features that make actionable information more accessible than before to people across an organization.

LightPath Technologies Inc. (NasdaqCM: LPTH) fell in price Thursday by 12.61 percent to $1.97. Volume of 56,602 shares narrowly bested the company’s usual daily volume of 39,762 shares. The Orlando-based global manufacturer, distributor and integrator of patented optical components and assemblies announced Wednesday that it has expanded its direct selling channels in China as part of its strategy to deliver high volumes of aspheric lenses to Asian manufacturers of optical equipment.

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BORN soars in price, INTC big seller, UQM sinks

Thursday, November 18th, 2010

China New Borun Corporation (NYSE: BORN) saw a spike in price of 11.8 percent in Thursday afternoon trade to $12.41 Volume of 903,056 shares is to within sight of its daily average of 1,246,800 shares. The Beijing-based producer and distributor of corn-based edible alcohol in China, this week announced third-quarter revenue increased 26.1 percent to RMB417.7 million ($62.3 million U.S.) from RMB331.1 million in the third quarter of 2009. Gross profit increased 31.2 percent to RMB100.9 million ($15.1 million).

Intel Corp. (NasdaqGS: INTC) traded in 48,084,401 shares Thursday afternoon, approaching its usual daily volume of 67,954,000 shares. Shares of the chipmaker fell back 0.38 percent to $21.00. The company announced its storage division has recently added new major wins with five storage vendors, illustrating the company’s momentum around developing advanced integrated storage features and capabilities.

UQM Technologies Inc. (AMEX: UQM) fell in price Thursday by 3.81 percent to $2.02. Volume of 224,907 shares was still shy of UQM’s usual daily volume of 281, 265 shares. The Colorado-based UQM develops of alternative energy technologies.

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Irish theme continues with AIB, F in gear, HEAT cools

Thursday, November 18th, 2010

Allied Irish Banks (NYSE: AIB) gained 9.26 percent in price in early trading Thursday to $1.18. Volume of 3,292,252 shares rapidly approached the stock’s three-month daily average of 5,221,820. AIB announced Thursday that it will issue an Interim Management Statement during the day on Friday, November 19.

Ford Motor Company (NYSE: F) shares flew off the shelves Thursday near noon, with volume of 109,785,493 shares towering over its usual daily volume of 77,227,800. Shares slid 1.95 percent Thursday, however, to $16.35. The carmaker currently the top shareholder in Mazda Motor Corp. announced Thursday that it will sell about 70% of its shareholdings in the Japanese automaker on the Tokyo stock market Friday, but the two automakers are expected to maintain their strategic alliance.

SmartHeat Inc. (NasdaqGM: HEAT) fell in price early Thursday by 10.71 percent to $5.05. Volume of 1,885,516 shares proved nearly five times its average for a full day. The company announced Thursday the pricing of its previously announced public offering of 5,000,000 shares of its common stock pursuant to an effective shelf registration statement at a public offering price of $5.00 per share. The transaction is expected to close on or about November 23.

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