Posts Tagged ‘Financial Stocks’

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SCON soars, BAC busy, TKLC tumbles

Thursday, February 10th, 2011

Superconductor Technologies Inc. (Nasdaq: SCON) shares raced ahead 11.7% to $2.95 Thursday, on volumes of 1.6 million shares, already four times its daily average.

Bank of America Corporation (NYSE: BAC) traded in 80.3 million shares Thursday, its daily average a hefty 190.9 million. Prices faded 0.9% to $14.52, after setting prices on mortgage bonds.

Tekelec Inc. (Nasdaq: TKLC) shares took a spill of 16.3% to $9.85. Volumes of 2.3 million shares better than tripled its daily average, after reporting Q4 loss of $8 million, or 12 cents per share, as revenue fell 27%, to $90.2 million.

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WFMI comes to eat, C steady CSCO bruised

Thursday, February 10th, 2011

Whole Foods Market Inc. (Nasdaq: WFMI) shares gained 11.2% to $59.77, on volumes of 3.4 million shares, already twice its daily average, after the natural-foods grocer late Wednesday hiked its full-year earnings guidance.

Citigroup Inc. (NYSE: C) took its place at the head of the volume parade, trading in 112.7 million shares Thursday, making headway on its daily average of 544.3 million. Prices dropped 0.9%, however, to $4.80, after its Securities and Funds arm swore in a new Chief Operating Officer.

Cisco Systems Inc. (Nasdaq: CSCO) shares declined 12.4% to $19.31. Volumes were 174.1 million shares, obliterating a daily average of 75.4 million, after the networking-equipment giant late Wednesday reported poor quarterly margins.

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SWS goes into stratosphere, MSFT manages, NVTL goes lower

Wednesday, February 9th, 2011

SWS Group Inc. (NYSE: SWS) improved 36.8% to $5.87 Wednesday, on volumes of 2.2 million or about six times its normal volume, after the brokerage house struck a regulatory pact to fix its bank woes.

Microsoft Inc. (Nasdaq: MSFT) traded in 32.2 million shares Wednesday, closing in on its daily average of 56.8 million. Prices dipped 0.8% to $28.07, on announcing it’s promoting Senior Vice President Satya Nadella, who was instrumental in the launch of Bing search engine, to lead one of its fastest growing and most profitable divisions — the server and tools business.

Novatel Wireless Inc. (Nasdaq: NVTL) shares tumbled 14.9% to $6.29 Wednesday. Volume was 2.3 million shares, more than triple its full-day average, after an analyst lowered his investment rating on the broadband services provider, citing increasing competition.

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PLAB conducts, WFC trades widely, CSC tumbles

Wednesday, February 9th, 2011

Photronics Inc. (Nasdaq: PLAB) shares rose 14.6% to $7.70, on volumes of 2.1 million shares, compared to a daily average of 558,130 after the maker of semiconductor gears on Wednesday bolstered its first-quarter outlook.

Wells Fargo and Company (NYSE: WFC) traded in 41.8 million shares Wednesday, trumping its daily average of 30 million. Prices dipped 3% to $33.09, after the bank’s CFO left.

Computer Sciences Corporation (NYSE: CSC) shares tumbled 14% to $48.64 Wednesday. Volume was 6.5 million shares, towering over a full-day average of 1.2 million shares, after the company cut its earnings-per-share and revenue forecasts for the full fiscal year.

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XETA skyward, BAC busy, MOTR motors in reverse

Wednesday, February 9th, 2011

Xeta Technologies Inc. (Nasdaq: XETA) shares galloped 40.9% to $5.41. Volume for the stock was 484,833 shares, compared to an all-day average of 14,000, after the announcement that Paetec Corporation was to purchase XETA for $61 million.

Bank of America Corp. (NYSE: BAC) traded in 33.8 million shares Wednesday, pursuing its average of 192.4 million. Prices faded 0.3% to $14.56

Motricity Inc. (Nasdaq: MOTR) shares were off 23.3% to $16.90 Wednesday. Volume was 7.8 million shares, waltzing over a full-day average of 1.3 million, after the provider of wireless-data services projected first-quarter sales beneath analysts’ estimates late Tuesday.

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