Posts Tagged ‘Financial Stocks’

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BJ jumps, C solid, THQ trails off

Thursday, February 3rd, 2011

BJ’s Wholesale Club Inc. (NYSE: BJ) shares climbed 12.7 percent to $48.49, on volumes of 1.2 million shares, or nearly twice its full-day average after the retailer said it hired a financial adviser to help it explore its options, including a sale of the company.

Citigroup (NYSE: C) had its customary strong volume start Thursday, trading in 30 million shares, climbing toward its average of 556 million. Prices for C ducked back 0.2 percent to $4.84

THQ Inc. (Nasdaq: THQI) declined 14.8 percent to $5.46, on volumes of 738,000 catching up on a full-day average of 929,000, after the videogame publisher lowered its fiscal fourth-quarter earnings outlook.

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

UIS soars, BAC active, MWA submerged

Wednesday, February 2nd, 2011

Unisys Corp. (NYSE: UIS) shares rose 18.3 percent to $34.72, on volume of four million shares, trumping an average volume of 486,000, after the maker of mainframes reported fourth-quarter sales that topped estimates.

Bank of America Corporation (NYSE: BAC) traded in 101 million shares, making it a volume leader, while only half its daily average. BAC shares were flat at $14.29, as the bank completed the sale of its Balboa Insurance to an Australian concern.

Mueller Water Products Inc. (NYSE: MWA) shares fell 15% to $3.75, on volume of 8.7 million, compared to an average of 1.9 million, after the pipe and valve maker reported a first-quarter loss that was larger than analysts had projected.

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Posted in Financial Stocks, Industrial Stocks, Technology Stocks | No Comments »

ERTS buzzes, SIRI beams, GNW gives back

Wednesday, February 2nd, 2011

Electronic Arts Inc. (Nasdaq: ERTS) shares climbed 15.2 percent to $17.99. Volume for the stock was 20.3 million shares, compared to an average of less than five million, after the video-game publisher late Tuesday announced a $600-million share-buyback plan and hiked its 2011 earnings outlook.

Sirius XM Radio Inc. (Nasdaq: SIRI) traded in 60.2 million shares, catching its daily average volume of 51.5 million. Prices for the stock leaped 5.2 percent to $1.72, as speculation as to who will buy SIRI from Citigroup.

Genworth Financial Inc. (NYSE: GNW) shares fell 10 percent to $12.54. Volume for the stock was 11.7 million shares, compared to daily average of 6.1 million, after the insurer reported a surprise fourth-quarter loss as its mortgage operation weighed on results.

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

APKT scores, C rocks, JDAS fades

Wednesday, February 2nd, 2011

Acme Packet Inc. (Nasdaq: APKT) shares were up 16.3% to $65.03, on volume of 3.8 million, better than twice its full-day average, after the maker of transmission devices for telecommunications late Tuesday reported fourth-quarter earnings that beat expectations and hiked its 2011 outlook.

Citigroup Inc. (NYSE: C) traded in 99.7 million shares, catching up on its daily average volume of 566 million. Prices for the stock dipped 0.7 percent to $4.87, after seizing control of music’s EMI Group.

JDA Software Group Inc (Nasdaq: JDAS) shares plunged 6 percent to $29.05, on volume of 769,205 shares, or double its daily average, after the maker of software used by retailers late Tuesday forecast 2011 revenue below Wall Street’s expectations.

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OREX jumps, MU popular, FFBH falters

Monday, January 31st, 2011

Orexigen Therapeutics Inc. (Nasdaq: OREX) shares were up 8.4 percent to $9.02, on volume of 4.9 million, towering over a daily average of 2.8 million, as a regulatory decision was expected Monday on its diet pill.

Micron Technology Inc. (Nasdaq: MU) traded in 26.9 million shares, trailing its daily volume of 35.8 million. Prices for the stock increased 1.5 percent to $10.53, after Sterne Agee & Leach raised its price target to $17 from $12. Sterne continues to rate MU at Buy.

First Federal Bancshares of Ark (Nasdaq: FFBH) shares fell 12.2 percent to $2.15, on volume of 123,318 shares, eight times its daily average. The small southwestern bank announced a recapitalization plan that will allow an investment group to buy up to $55 million of common stock, diluting shareholders.

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Posted in Financial Stocks, Health Care Stocks, Technology Stocks | No Comments »

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