Posts Tagged ‘consumer discretionary’

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BNVI perks, SIRI, FSGI falter

Wednesday, November 10th, 2010

Bionovo Inc. (NasdaqCM: BNVI) climbed 31.68 percent in price to $1.33 near lunch time Wednesday, on volume of 1,604,200 shares, nearly nine times its daily average. The Emeryville, California-based company said Wednesday said the U.S. Food and Drug Administration approved the clinical development plan for its lead drug candidate, Menerba, for treating hot flashes related to menopause.

Sirius XM Radio Inc. (NasdaqGS: SIRI) enjoyed healthy volume of 32,853,681 shares mid-Wednesday, ahead of the pace of its usual daily average volume of 74,982,700 shares. The satellite radio concern saw its stock price falter 2.01 percent to $1.46. Last week, SIRI reported third-quarter revenue of $722.5 million, up 15% from the prior-year quarter, and net income of $67.6 million, compared to a loss of $151.5 million.

First Security Group Inc. (NasdaqGS: FSGI) listed lower by noon ET Wednesday by 22.08 percent in price to $1.20. Volume in FSGI hit 71,627, more than four times its daily average. As of September 30, FSGI reported a third-quarter net loss of $30.2 million resulting in basic and diluted net loss of $1.92 per share for the quarter.

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Posted in Consumer Discretionary Stocks, Financial Stocks, Health Care Stocks | No Comments »

Farmer Mac, BJ’s gain, F sells widely, MFB drops on lower profits

Wednesday, November 10th, 2010

Federal Agriculture Mortgage (NYSE: AGM) shot ahead 12.67 percent in price by mid-morning Wednesday to $14.85. Volume approaching noon registered at 276,770 shares, more than double its daily average. The lender known as Farmer Mac Tuesday reported net income of $6 million, or 56 cents a share, for the three months ended Sept. 30. That compares with net income of $17.9 million, or $1.74, a year earlier.

BJ’s Wholesale Club Inc. (NYSE: BJ) enjoyed a 9.37-percent surge in price to $45.95 late Wednesday morning. Volume in BJ shares was a hot 2,428,532 shares, compared to a daily average of 782,079 shares. BJ’s, a leading warehouse club chain in the eastern United States, has set next Wednesday, Nov. 17, as the date for announcing its third-quarter results.

Ford Motor Company (NYSE: F) was among the volume leaders as Wednesday morning drew to a close. Ford saw 54,740,099 shares trade hands early, compared to a daily average of 68,220,100 shares. F gained 2.8% in price to $16.52. The carmaker reported Tuesday that its Ford Focus will be the official car of the 2011 International CES held on Jan. 6-9 in Las Vegas.

Maidenform Brands Inc. (NYSE: MFB) slumped in price 12.96 percent late Wednesday morning to $25.25. Shares traded totaled 961,100, trumping its daily average of 266,811. The underwear maker Maidenform Brands Inc. reported its third-quarter net income fell 20 percent from a year ago. Net income fell to $12.8 million, or 55 cents per share, from $16 million, or 67 cents per share, as revenue rose 13 percent to $145.8 million from $128.7 million last year.

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

OCOL hurtles, SGAMY sells, CTLI gets bruised

Wednesday, November 10th, 2010

Bering Exploration Inc. (Pink Sheets: OCOL) formerly Oncolin Therapeutics, Inc.,  leaped in price by 29.03 percent mid-morning Wednesday to 40 cents. Volume was a scant 1,300 shares. The Houston-based oil company announced in late October that it has successfully drilled its first well on its South Texas prospect which has potential gross reserves of 5,000,000 barrels of oil and 46 BCF of natural gas.

Sega Sammy Holdings Inc. (Pink Sheets: SGAMY) saw 1,121,500 of its shares change hands in early trading Wednesday. The game magnate’s stock stumbled in price 1.49 percent to $3.96, still in the upper regions of a 52-week range that peaked at $4.13.

Compress Technologies Inc. (Pink Sheets: CTLI) took a header in the early hours Wednesday, losing 93.68 percent in price to 11 cents. Volume was 22,500 shares for a stock that peaked for the last 52 weeks at $2.00. CTLI is a Pompano Beach, Florida-area technology-based company.

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Posted in Consumer Discretionary Stocks, Energy Stocks, Technology Stocks | 1 Comment »

URRE gains, MSFT had wide trade, RJET grounded

Monday, November 8th, 2010

Uranium Resources Inc. (NasdaqCM: URRE) joined in the general celebratory mood of the uranium industry, gaining 31.43 percent to close Monday’s trading at $2.30. Volume on the day was 9,253,081 shares; its usual volume is 1,481,230. Uranium shares jumped industry-wide after Canadian mining company Cameco (NYSE: CCJ) posted positive third-quarter results. The Uranium Stocks Index is up skyrocketed 11% today.

Microsoft Corporation (NasdaqGM: MSFT) had a busy trading day, with 69,818,771 shares changing hands Monday, compared to a daily average of 61,735,300. MSFT shares slipped in price 15 percent Monday to close at $26.81. The Redmond, Wash. company announced its Microsoft 7 was to go on sale Monday in AT&T and T-Mobile USA stores across the United States.

Republic Airways Holdings Inc. (NasdaqGS: RJET) gave back 13.89 pecent in price to $7.81, on volume of 2,500,325 shares. RJET’s normal volume is around 418,782. Despite high volume, the Company saw sliding stock prices after announcing plans to sell 12 million shares in a public offering to help finance the purchase of new jets.

Read more: Republic Airways to offer 12M shares | Business First

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UEC forges ahead, LVS has strong volume, GSI slumps

Monday, November 8th, 2010

Uranium Energy Corp. (AMEX: UEC) enjoyed Monday, tacking on 31.02 percent to greet the final minutes before the closing bell at $6.04. Volume was 2,479,297shares, or nearly four times its daily average over the last three months. In October, the Texas-based UEC announced that it had completed its previously announced private placement financing involving the sale of an aggregate of 8,111,313 units of the Company (each a “Unit”), at a price of $3.40 per Unit, for gross proceeds of $27,578,464.20.

Las Vegas Sands Corp. (NYSE: LVS) gained 1.56 percent approaching Monday’s final bell to $52.79. Volume was 64,079,528 shares, or more than double its three-month daily average. Last week, LVS announced a quarterly dividend payment of $2.50 per share on its outstanding 10% Series A Cumulative Perpetual Preferred Stock to stockholders of record at the close of business on Tuesday, November 2.

General Steel Holdings (NYSE: GSI) skidded 7.43 percent in price to $2.74 near the close on Monday. Volume for the stock was 1,053,064 shares, in contrast to a three-month daily average of 278,970 shares. The drop comes amid word of third-quarter results out Monday, which showed gross margin improved to 3.4% from 1.5% in the previous quarter. Income from operations for the Beijing-based company increased to $6.0 million for the third quarter from a loss of $6.3 million in the second quarter and a loss of $6.4 million in the first quarter of 2010

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