Posts Tagged ‘consumer discretionary’

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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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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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ASCQ ascends, LFBG in front, SUGO sets

Monday, December 6th, 2010

Ascend Acquisition Corp. (OTCBB: ASCQ) rocketed up 382.32 percent to lift its price Monday to 15 cents. Volume of 16,930 shares improved on its daily average of 9,233. The company serves as a vehicle to effect a merger, capital stock exchange, asset acquisition or other similar business combination with a currently unidentified operating business.

Left Behind Games Inc. (OTCBB: LFBG) left many of the other stocks behind, at least in volume, trading in 123.95 million shares, besting its full-day average of 101.85 million shares. The share price nipped up by 3.57 percent to 58-100ths of a cent. LFBG, the world’s leading publisher of Christian video games, announced today that revenues in the current quarter continue to exceed expectations as a result of reorders, projecting sales for the quarter to exceed $1 million.

Sungro Minerals Inc. New (OTCBB: SUGO) saw the luster go from its price Monday, losing 52.54 percent to 5.6 cents. Volume of 1.23 million swarmed its daily average of 186,864. The Rhode Island-based SUGO Friday announced that it has completed a round of bridge funding needed to complete the long expected NI-43101 report as well as providing for the completion of annual payments associated with the maintenance of the property and claims.

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GKK cashes in, F busy, CWBS goes south

Monday, December 6th, 2010

Gramercy Capital Corp. (NYSE: GKK) gained in price by 17.26 percent to $2.65 Monday afternoon. Volume of 1,312,566 shares was nearly than triple its normal full-day average volume. SL Green Realty Corp announced an agreement to purchase investments from Gramercy Capital Corp. for an aggregate price of $390.8 million, including the assumption of $265.6 million in debt.

Ford Motor Company (NYSE:F) was among the volume leaders Monday afternoon, trading in 37,017,402 shares, making headway against its full-day average of 84,057,300. Prices tumbled 60 percent to $16.10 in late afternoon trading.

Commonwealth Bankshares Inc. (NasdaqGW: CWBS) stumbled in price 11.51 percent Monday afternoon to $1.00, on volume of 107,879 shares, nearly nine times its full-day average. Commonwealth Bankshares, Inc. is the parent of Bank of the Commonwealth, a community bank attuned to local issues and can respond to the needs of local citizens and businesses.

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BGP smashes borders, CSCO trades widely, PTN stumbles

Monday, December 6th, 2010

Borders Group Inc. (NYSE: BGP) leaped 25.93 percent late Monday morning to $1.36. Volume of 4,417,506 shares proved five times its normal full-day average volume. Headquartered in Ann Arbor, Mich., through its subsidiaries BGP is a leading specialty retailer of books as well as other educational and entertainment items

Cisco Systems (NasdaqGS: CSCO) was among the volume leaders late Monday morning, trading in 34,577,264 shares, making headway against its full-day average, which is near 69,622,200. CSCO share prices progressed 2.46 percent to $19.54. CSCO and BMC Software today announced a strategic alliance to develop and market new solutions for large-scale multi-tenant cloud computing infrastructures.

Palatin Technologies Inc. (AMEX: PTN) slid in price 17.13 percent Monday to 87 cents, on volume of 63,151 shares, nosing out its full-day average in just the first two hours. PTN is a biopharmaceutical company dedicated to the development of peptide, peptide mimetic and small molecule agonists with a focus on melanocortin and natriuretic peptide receptor systems.

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