Posts Tagged ‘consumer discretionary’

ELCR in gear, LFBG high volume, CGFIA loses luster

Monday, November 15th, 2010

Electric Car Company Inc. (OTCBB: ELCR) saw its stock price double in mid-day trading Monday to one-100th of a cent, on volume of 91.1 million shares.  The Springfield, Mo.-based company specializes in electric conversions and manufacturing for the Livery, Fleet and Private Specialty Markets.

Left Behind Games (OTCBB: LFBG) proved one of the most active of micro-caps trading in the early afternoon Monday, dealing in 72,844,074 million shares. Stocks gained nearly 15 percent to $0.01. The Murrieta, Calif.-based video game maker is the only publicly-traded, exclusive publisher of Christian video game software.

Colorado Goldfields Inc. (OTCBB: CGFIA) stumbled in price 14.29 percent in early afternoon trading Monday to 18-100ths of a cent. Volume in this stock was 16.47 million shares. The junior miner is based out of Lakewood, Colo.

BUCY jumps on M&A news, F sells on Focus news, THOR skips a beat

Monday, November 15th, 2010

Bucyrus International Inc. (NasdaqGS: BUCY) exploded in price 28.67 percent to $89.58 Monday morning. Its pre-noon volume of 18,060,713 shares dwarfs its full-day average high of 1,896,260.  The jump comes on word that Caterpillar, the world’s largest maker of mining and construction equipment, is making a try for a $8.6-billion acquisition of Bucyrus International, a maker of draglines, drill, shovels and other equipment used by coal miners.

Ford Motor Company (NYSE: F) was among the volume leaders Monday morning, dealing in 83,650,404, surpassing the car maker’s average daily volume.  The shares price hiked 4.23 percent to $16.99. Ford announced Monday that it will introduce the battery-powered Focus compact, its first all-electric passenger car, in 19 U.S. cities in late 2011.

Thoratec Corp. (NasdaqGS: THOR) headed south in price 19.22 percent as Monday’s clock approached noon to $25.00. Volume was 7,367,749 shares, better than seven times its daily average.  The Pleasanton, Calif.-based heart device maker made news last week in announcing it was selling its diagnostic test business to private equity firm Warburg Pincus LLC for $55 million.

Early NYSE volume movers: Citigroup (NYSE: C), GTN.A, GKK tumbles

Monday, November 15th, 2010

Gray Television Inc, (NYSE: GTN.A) jumped 9.68 percent in price Monday morning to $1.70. Volume was 370 shares, compared to a three-month daily average of 1,458. The Atlanta-based Gray is a television broadcast company, currently operating 36 television stations serving 30 markets.

Citigroup Inc. (NYSE: C) proved the early volume leader in Monday trading, exchanging 103,146,803 shares, compared to its daily average of 470,269,000. C shares gained 1.17 percent to $4.34 in the first 90 minutes of trading. Bank stocks in general were busy Monday, amid increased speculation Ireland will get some sort of bailout from the European Union.

Gramercy Capital Corp. (NYSE: GKK) tumbled 11.17 percent in price to $15.50. Volume was 5,730 shares; three-month averages were not available at press time.

PRPH points higher, F rolls off lot, AH ailing

Thursday, November 11th, 2010

ProPhase Labs Inc. (NasdaqGM: PRPH) charged ahead in early afternoon trading Thursday, gaining 32.69 percent to $1.38. Volume was 25,509 shares, or more than four times its daily average. The drug company, based in Doylestown, Pa., Wednesday reported quarterly net sales of $5.20 million for the three months ended September 30, 2010, compared to net sales of $4.98 million for the prior-year quarter. PRPH realized quarterly net income of $947,000, or $0.06 per share, compared to net income of $1.2 million, or $0.09 per share, the year before.

Ford Motor Company (NYSE: F) sold widely Thursday, reporting volume in the early afternoon of 59,075,023 shares, compared to a full-day average of 69,745,000.  F shares stepped back 0.57 percent, though, to $16.55. Thursday, Ford Motor Co. Chief Executive Officer Alan Mulally said the company “deeply” appreciates the efforts by President Barack Obama and Ambassador Ron Kirk to negotiate a “meaningful” free trade agreement with Korea. Ford will continue to work closely with the Obama administration and Congress to fully open the Korean market to American-made cars and trucks.

Accretive Health Inc. (NYSE: AH) fared not so well in early Thursday afternoon trading, falling in price by 10.15 percent to $8.76. Volume in AH stock was 323,279 shares, compared to a daily average volume of 104,111 shares.  The Chicago-based company, which helps hospital systems manage their revenue cycles, said Thursday it turned a profit in the third quarter. AH said its net income totaled $2.9 million, or three cents per share. In the third quarter of 2009, the company distributed $8 million in dividends on preferred shares, and reported a loss of $3.8 million, or 11 cents per share. Its revenue rose 18 percent to $158.4 million from $134.5 million. However, analysts expected a profit of six cents per share and $172.4 million in revenue.

TSLA motors along, LVS active, CARV gets smacked

Wednesday, November 10th, 2010

Tesla Motors Inc. (NasdaqGS: TSLA) saw its stock gaining 20.71 percent late Wednesday to $29.73. Its volume was 2,419,581 shares, or quadruple normal daily volume average. Tuesday, the California company reported it lost $34.9 million, or 38 cents per share, in the third quarter as car sales fell and it spent more on developing a new model. However, analysts had expected a loss of 43 cents per share.

Las Vegas Sands Corp. (NYSE: LVS) got a lot of attention Wednesday, trading in 52,859,496 shares, compared to its usual average volume of 30,818,400. The stock’s price edged down, however, 4.09 percent, to $49.98. The company reported Wednesday its casino revenue rose 2.8 percent in September, to $520.6 million from $506.4 million in the same month a year earlier.

Carver Bancorp Inc. (NasdaqGM: CARV) took a thumping as Wednesday’s trading day ended, losing 18.37 percent to $3.91. CARV’s volume was 25,712 shares, compared to usual volume just below 4,000. The New York-based holding company announced in October a net loss of $23.4 million for the second quarter of fiscal 2011 compared to a net loss of $0.3 million for the second quarter of fiscal 2010 and a loss of $2.5 million for the first quarter of fiscal 2011.