Posts Tagged ‘Financial Stocks’

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PLL pulls good numbers, AMD active, CPF slides

Monday, January 31st, 2011

Pall Corporation (NYSE: PLL) shares charged ahead 11.9 percent to $54.45, on volume of 4.5 million shares, six times its daily average, after an analyst said the looming retirement of the diversified U.S. manufacturer’s chief executive officer could set the stage for a sale of the company.

Advanced Micro Devices Inc. (NYSE: AMD) was on a lot of radar screens Monday, dealing in 31.4 million shares, surpassing a daily volume of 22.7 million. Prices improved 5.1 percent to $7.87, on news from Intel Corp. that there was a design error in a component of the latter’s new chip that will cost the company roughly $300 million in lost revenue.

Central Pacific Financial Corp. (NYSE: CPF) shares were off 7.1 percent to $1.56 on volume of 406,896 shares, 33.3 percent better than its daily average. Friday, CFP announced it had trimmed its losses to $2.1 million, or 14 cents per diluted share, for the quarter ending Dec. 31.

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

CPE gains, BAC busy, TAL goes south

Monday, January 31st, 2011

Callon Petroleum Company (NYSE: CPE) shares galloped 13.3 percent to $8.72, on volume of 680,235 shares, or 50 percent more than its daily average, after a recent poll predicting the Miss.-based CPE would outperform the S&P 500 going forward.

Bank of America Corp. (NYSE: BAC) dealt in 57.3 million shares, rapidly catching up on a daily volume of 87.7 million. Prices improved 1.1 percent to $13.75, on news that BAC is appealing a Nevada judge’s order that blocked 8,900 foreclosures in the state.

Talbots Inc. (NYSE: TLB) shares were off 6.7 percent to $5.57 on volume of seven million shares, compared to a daily average of four million.

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

DEPO finds wings, C mushrooms, CHMP anything but champ

Monday, January 31st, 2011

Depomed Inc. (Nasdaq: DEPO) shares gained 30 percent to $8.11, on volume of 5.5 million shares, more than five times what it would trade during an average day, after the drug developer said late Friday that regulators approved its marketing of its treatment for shingles.

Citigroup Inc. (NYSE: C) held its usual place atop the volume ladder Monday, trading in 95.2 million shares. Its daily volume averages around 551 million. Share prices were up 1.4 percent at $4.76, after a portfolio manager for the Artio Global Equity Fund said the run in C shares is far from over.

Champion Industries Inc. (Nasdaq: CHMP) lost a bit of its grip early Monday, tumbling 7.8 percent to $1.78, on volume of 30,111 or nearly twice its full-day average, only days after reporting better results for 2010’s full year and last quarter. The West Virginia-based company announced net income of $0.5 million or $0.05 per share on a basic and diluted basis for the year ended October 31, 2010 compared to a net loss of $(27.5) million or $(2.76) per share on a basic and diluted basis for the year ended October 31, 2009.

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

PLD is a pro, GE shows sparks, XNY fades

Thursday, January 27th, 2011

ProLogis (NYSE: PLD) shares tacked on 7.4% to $15.79, on volume of 26.3 million, or four times its normal volume. The real-estate-investment trust is in talks to merge in an all-stock transaction, with AMB Property Corp.

General Electric (NYSE: GE) traded in 54.1 million shares Thursday, compared to a daily average of 59 million. Share prices gained 1.8 percent to $20.28.

China Xiniya Fashion Limited (NYSE: XNY) shares dropped 10.3 percent to $5.81. Volume was 616,609 shares, doubling its daily average.

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

CCME jumps, YHOO busy, GHL red

Thursday, January 27th, 2011

China MediaExpress Holdings (Nasdaq: CCME) shares leaped 16 percent to $22.69. Volume was 4.3 million shares, compared to an average of 1.3 million, on speculation the company could be subject to a massive short squeeze after short sellers have piled into the stock assuming the company is a fraud.

Yahoo Inc. (Nasdaq: YHOO) traded in 28.1 million shares Thursday, compared to a daily average of 17.4 million. Share prices gained 4.2 percent to $16.22

Greenhill (NYSE: GHL) shares dropped 10.1 percent to $73.75. Volume was 1.3 million shares, towering over its daily average of 183,502, on weak Q4 profit.

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

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