Posts Tagged ‘consumer discretionary’

SUIP surges, CMGR trades a lot, GNTP drops

Thursday, December 9th, 2010

Sunrise Mining Corp. (OTCBB: SUIP) rose 124.14 percent in price to 6.5 cents, on volume of about 27,000 shares, a fraction of daily volume of 47,350. The Company is a mining resource company that currently is working on identifying and developing projects in Asia.

Camelot Entertainment Group Inc. (OTCBB: CMGR) found its shares flew off the shelves late Thursday, trading in 456.26 million shares, leaving its normal volume of 132.35 million shares in the dust. CMGR announced Wednesday that it had entered into an agreement with Los Angeles based post-production house Lit Post for special effects and coloring work on the Camelot acquisition A WARRIOR’S HEART, a teen romantic-drama starring Twilight’s Kellan Lutz and Ashley Greene.

Global Entertainment Corp. (OTCBB: GNTP) shed 64 percent of its price strength Thursday to nine cents. Volume of 265,570 shares overwhelmed its usual average of just over 10,000. The Arizona-based company has as its goal to build a worldwide entertainment organization with a multitude of domestic and foreign production affiliates.

ZQK is quick, MGM calls on markers, BITA gets bitten

Thursday, December 9th, 2010

Quicksilver, Inc. (NYSE: ZQK) propspered 20.52 percent Thursday afternoon to $5.58. Volume was 7,145,473 shares dwarfed its daily average of 1,018,300.

MGM Resorts International (NYSE: MGM) traded in 44,877,735 shares Thursday, pulling ahead of its daily average of 34,610,000. Share prices were down 1.74 percent at $13.54, amid a move to get Nevada Senator Harry Reid on board with a bill to back Internet gambling. MGM is the dominant casino operator in Las Vegas.

Bitauto Holdings Ltd. (NYSE: BITA) took a hit in price 11.85 percent Thursday to $8.85, on volume of 473,339 shares, just better than half its normal full-day average. BITA made its debut last month, and is a leading provider of Internet content and marketing services for China’s fast-growing automotive industry.

YOKU moves skyward, INTC busy, GRB skids

Thursday, December 9th, 2010

YOUKU.COM (NYSE: YOKU) grew 27.72 percent in price Thursday afternoon to $42.71. Volume of 14,547,545 shares is catching up on its daily average of 16.94 million. The Chinese Internet television company celebrated its IPO Wednesday.

Intel Corporation (NasdaqGS: INTC) traded in 44,197,894 shares, to make it among the volume leaders early Thursday afternoon, catching up on its daily average of 60,330,900. Share prices were flat at $21.82.

Gerber Scientific Inc. (NYSE: GRB) fell in price 21.29 percent Thursday to $6.69, on volume of 63,726 shares, slightly more than its normal full-day average. The Connecticut-based Gerber reported revenue increased 9.0% to $129.3 million from $118.7 million. Gross profit was $38.6 million or 29.9% of sales versus $35.2 million or 29.7% of sales.

All hail HELE, CSCO does big business, BONA makes bow

Thursday, December 9th, 2010

Helen of Troy Ltd. (NasdaqGS: HELE) grew 17.2 percent in price Thursday afternoon to $27.59. Volume was 785,410 shares, more than five times its daily average. The El Paso-based personal care company announced today it has entered into a definitive merger agreement to acquire the business of Kaz, Inc., for $260 million.

Cisco System Inc. (NasdaqGS: CSCO) traded in 59,059,916 shares, to make it among the volume leaders early Thursday afternoon. Share prices improved 2.12 percent to $19.76

Bona Film Group Ltd. (NasdaqGM: BONA) skidded in price 21.29 percent Thursday to $6.69, on volume of 7,715,365 shares on the day of its IPO. The largest privately owned film distributor in China, today announced that its initial public offering of 11,740,000 American depositary shares, each two ADSs representing one ordinary share of the Company, was priced at $8.50 per ADS.

LEDS enjoys hearty IPO, BAC sells widely, OXM slides

Thursday, December 9th, 2010

SemiLEDS Corp. (NasdaqGS: LEDS) climbed 47.88 percent in price Thursday to $25.14. Volume was 3,659,012 shares, upon its IPO Thursday. The Hawaii-based developer and manufacturer of LED chips and LED components, announced today the pricing of its initial public offering of 5,250,000 shares of its common stock, at $17.00 per share.

Bank of America Corp. (NYSE: BAC) traded in 126,328,133 shares, making it a leader in volume, against its full-day average of 204,999,000. Shares progressed 2.58 percent to $12.31. Financial executives at U.S. companies expressed more optimism that their businesses will hire employees and see revenue growth in 2011, according to a recent Bank of America Merrill Lynch survey. Of the 801 executives surveyed in the bank’s annual CFO Outlook, 47 percent said they expect their companies to hire additional employees next year, up from 28 percent who forecast hiring last year.

Oxford Industries Inc. (NYSE: OXM) dipped in price 16.11 percent Thursday to $23.23, on volume of 402,535 shares, very nearly four times its full-day volume average. Atlanta-based Oxford Industries, Inc. Wednesday announced third quarter diluted net earnings per share were $0.33 compared to $0.26 in the third quarter of fiscal 2009.