Posts Tagged ‘consumer discretionary’

CPE gains, BAC busy, TAL goes south

Monday, January 31st, 2011

Callon Petroleum Company (NYSE: CPE) shares galloped 13.3 percent to $8.72, on volume of 680,235 shares, or 50 percent more than its daily average, after a recent poll predicting the Miss.-based CPE would outperform the S&P 500 going forward.

Bank of America Corp. (NYSE: BAC) dealt in 57.3 million shares, rapidly catching up on a daily volume of 87.7 million. Prices improved 1.1 percent to $13.75, on news that BAC is appealing a Nevada judge’s order that blocked 8,900 foreclosures in the state.

Talbots Inc. (NYSE: TLB) shares were off 6.7 percent to $5.57 on volume of seven million shares, compared to a daily average of four million.

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.

NPS goes flying, F trades, ANR plummets

Monday, January 31st, 2011

NPS Pharmaceuticals Inc. (Nasdaq: NPSP) shares climbed 28.9 percent to $9.91, on volume of 4.1 million shares, or more than eight times its daily average, after it said a study yielded positive results on its drug candidate for a rare bowel condition.

Ford Motor Company (NYSE: F) was a volume leader Monday, trading in 61.3 million shares, rapidly catching up on a daily volume of 87.7 million. Prices, however, dipped one percent to $16.10, after Credit Suisse trimmed its price target by following the company’s 4Q10 earnings miss.

Alpha Natural Resources Inc. (NYSE: ANR) shares were off 7.3% to $53.70 on news over the weekend that it will acquire coal producer Massey Energy Co. (NYSE: MEE). Volume for ANR was 18.2 million shares, more than six times normal.

RAD adds, T subtracts, MEG a mess

Thursday, January 27th, 2011

Rite Aid Corporation (NYSE: RAD) shares hiked 15.5 percent to $1.27. Volume was 26.2 million shares, swamping its usual share volume of 3.7 million, after reporting positive January same-store sales figures.

AT &T Inc. (NYSE: T) traded in 58.2 million shares Thursday, compared to a daily average of 24.2 million. Share prices for T eased 2.1 percent to $28.13, after noticing a 60-percent drop in Q4 net income.

Media General Inc. (NYSE: MEG) shares descended 9.1 percent to close Thursday at $5.20. Volume was 219,543 shares outdistanced its daily average of 169,017. MEG reported lower Q4 earnings as print ads declined.

HP a champion, F makes deals, MUR dips on numbers

Thursday, January 27th, 2011

Helmerich & Payne Inc. (NYSE: HP) shares rose 9.8% to $56.80. Volume was four million shares, overwhelming an average of 1.1 million. The Tulsa energy-drilling company reported fiscal first-quarter earnings surged 65 percent, beating analysts’ expectations.

Ford Motor Company (NYSE: F) traded in 51 million shares Thursday, compared to a daily average of 83.7 million. Share prices gained 2.3 percent to $18.80. Ford will post its fourth-quarter results early Friday, and Wall Street is looking for the auto maker to boast its biggest annual profit since the turn of the century.

Murphy Oil Corporation (NYSE: MUR) shares ditched 10.2 percent to $65.77. Volume was 9.5 million shares, proving more than six times its daily average. MUR had an earnings call scheduled for earlier this afternoon.