Posts Tagged ‘china stocks’

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TNB quiets doubters, CSCO gets jolt, CCME takes bath

Monday, January 31st, 2011

Thomas & Betts Corp. (NYSE: TNB) shares gained 8.7% to $51.38, on volume of 1.5 million shares, triumphing over its daily average of 323,268, after the electrical component manufacturer reported fourth-quarter profit that beat expectations.

Cisco Systems Inc. (Nasdaq: CSCO) traded in 36.6 million shares, barely half its daily volume of 73.3 million. Prices for the stock increased 1.1 percent to $21.15, after learning CSCO and Ecototality were teaming up on a new electric car charging mechanism.

China MediaExpress Holdings (Nasdaq: CCME) shares plunged 14.5 percent to $17.84, on volume of 7.2 million shares, more than five times its daily average, after Citron Research opined the stock was “too good to be true.”

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ASIA really sells, SIRI clear, CIEN stumbles

Monday, January 31st, 2011

AsiaInfo-Linkage Inc.(Nasdaq: ASIA) shares climbed 14.8 percent to $21.83. Volume was 2.6 million shares, triple its daily average, after the Chinese supplier of software for telecommunications companies reported quarterly sales that beat estimates.

Sirius XM Radio Corp. (Nasdaq: SIRI) beamed out its message Monday, dealing in 62.7 million shares, nosing out its daily average of 52.3 million. Prices improved 1.2 percent to $1.63, after announcing comprehensive coverage of this weekend’s Super Bowl from Dallas.

Ciena Corp. (Nasdaq: CIEN) shares fell 5.9% to $22.12, on volume of 11.1 million shares, twice its daily average, after UBS cut its rating on the maker of network gear for telecommunications companies.

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MOBI mobile, INTC has chip damage, CAVO turns tail

Monday, January 31st, 2011

Sky-Mobi Limted (Nasdaq: MOBI) shares soared 12.9 percent to $7.11, on volume of 841,098 shares, just surpassing its daily average of 628,691, on announcing that MOBI and Tencent, one of China’s most popular Internet portals, have formed a strategic partnership.

Intel Inc. (Nasdaq: INTC) was very popular Monday, dealing in 62.7 million shares, beating out its daily volume of 55.2 million. Prices dipped 1.4 percent to $21.15, on news that a design error in one of its chips will cost it $1 billion in missed sales and expenses to fix the flaw.

Cavico Corp. (Nasdaq: CAVO) shares slid 9.7 percent to $1.95 on volume of 175,517 shares, besting its daily average of 108,116.

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VCTY jumps, ELCR takes off, CCTR drops off

Monday, January 31st, 2011

Videolocity International Inc. (Pink Sheets: VCTY) came in with a price of 18-100th of a cent Monday morning, 38.5 percent better than its Friday close, on 54.9 million shares, about six times its usual daily volume. VCTY through its subsidiaries, operates as a Chinese management education and consulting firm in the People’s Republic of China.

Electric Car Company (OTCBB: ELCR) carried volume of 42.4 million shares, compared to a daily average of 84.2 million. Share prices were flat at one-100th of a cent.

China Crescent Enterprises Inc. (OTCBB: CCTR) tumbled 11.1 percent Monday to 16-100ths of a cent, on volume of 67.8 million shares, compared to a full-day average of 62.3 million.

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Posted in Consumer Discretionary Stocks, Technology Stocks | No Comments »

PLD is a pro, GE shows sparks, XNY fades

Thursday, January 27th, 2011

ProLogis (NYSE: PLD) shares tacked on 7.4% to $15.79, on volume of 26.3 million, or four times its normal volume. The real-estate-investment trust is in talks to merge in an all-stock transaction, with AMB Property Corp.

General Electric (NYSE: GE) traded in 54.1 million shares Thursday, compared to a daily average of 59 million. Share prices gained 1.8 percent to $20.28.

China Xiniya Fashion Limited (NYSE: XNY) shares dropped 10.3 percent to $5.81. Volume was 616,609 shares, doubling its daily average.

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Posted in Consumer Discretionary Stocks, Financial Stocks, Technology Stocks | No Comments »

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