Posts Tagged ‘Financial Stocks’

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CRUS clicks along, C active, QTM falters

Thursday, January 27th, 2011

Cirrus Logic, Inc. (Nasdaq: CRUS) shares ran up 10.5 percent Thursday to $19.80. Volume was 2.5 million shares, compared with daily averages around 3.4 million, on quarterly revenues of $95.6 million, up 47% on the same quarter a year ago.

Citigroup Inc. (NYSE: C) traded in 55.5 million shares Thursday, building toward a daily average of 548 million. Share prices inched up 0.9 percent to $4.86

Quantum Corporation (Nasdaq: QTM) shares fell 19.4 percent to $2.90 Thursday, on volume of 14.3 million shares, squashing its daily average of 4.3 million, after the company reported fiscal Q3 revenue and EPS below estimates and a sharply underwhelming forecast as well.

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Posted in Financial Stocks, Technology Stocks | No Comments »

HAFC happy, MU busy, PSTI skids

Thursday, January 27th, 2011

Hanmi Financial Corporation (Nasdaq: HAFC) shares leaped 42.7 percent to $1.67 Thursday, on volume of 4.8 million shares, nearly five times its full-day average, on reports of quarterly profit of $5.3 million, its first quarter of black ink in two years.

Micron Technology (Nasdaq: MU) traded in 21 million shares Thursday, making it a volume leader, rapidly catching up on its daily average of 34.2 million. Share prices edged up 5.7 percent to $10.52.

Pluristem Therapeutics (Nasdaq: PSTI) shares dumped 24.8 percent to $3.16 Thursday, on volume of 5.5 million shares, dwarfing its daily average of 486,030, on announcing a public offering of common stock, with a goal of raising $50 million.

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

PJC profit up, XRX copies, ELY dives

Wednesday, January 26th, 2011

Piper Jaffray Companies (NYSE: PJC) shares spiked 13.4 percent to $40.93, on volume of 442,658 shares, nearly five times its daily average. PJC Wednesday reported quarterly net income of $9.4 million, or 49 cents per share, down from $12.2 million, or 63 cents per share a year prior.

Xerox Corporation (NYSE: XRX) had a busy Wednesday, trading in 49.7 million shares, or five times its daily average. Share prices dropped 8.1 percent, however, to $10.41, on quarterly profits of $171 million, or 12 cents a share, down from $180 million, or 20 cents, in the year-earlier fourth quarter.

Callaway Golf Company (NYSE: ELY) shares retreated 5.9 percent to $7.22 Wednesday, on volume of 1.7 million shares, nearly triple its daily average. Tuesday, ELY posted a quarterly loss of $32.3 million, or 54 cents a share, compared with a loss of $18.2 million, or 29 cents a share a year ago.

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Posted in Consumer Discretionary Stocks, Financial Stocks | 1 Comment »

BIOF busy, BAC in trouble, EK out of focus

Wednesday, January 26th, 2011

BioFuel Energy Corp. (Nasdaq: BIOF) shares improved 18.1 percent to $1.24, on volume of 384,014 shares, just outdistancing its daily average.

Bank of America Corp. (NYSE: BAC) exchanged 65.7 million shares Wednesday, compared to a daily average of 204.5 million. Share prices improved 0.3 percent to $13.67, after the bank was sued by mortgage investors over what they called “massive fraud”.

Eastman Kodak Company (NYSE: EK) shares tumbled 16.6 percent to $3.77, on volume of 35.5 million – four times its daily average — after EK reported its quarterly profit plunged 95 percent and revenue tumbled 25 percent on steep declines in its digital business as well as a drop in intellectual-property licensing revenue.

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

MCBF in green, INTC popular, SLAB slips

Wednesday, January 26th, 2011

Monarch Community Bancorp (Nasdaq: MCBF) shares skyrocketed 65.4 percent to $2.20, on volume of 153,590 shares, dwarfing a daily average of less than 5,000. Tuesday, the bank returned to profitability in the fourth quarter of 2010, after six successive quarters of losses. Net income for the quarter was $76,934, compared to a loss of $(17.5) million for the same period a year ago.

Intel Corporation (Nasdaq: INTC) exchanged 18.8 million shares Wednesday, compared to a daily average of nearly 55 million. Share prices improved 1.2 percent to $21.82, after the company was upgraded at BMO from Market Perform to Outperform.

Silicon Laboratories Inc. (Nasdaq: SLAB) shares dove 9.1 percent to $43.28, on volume of 1.3 million – nearly three times its daily average — after reporting revenue of $112 million for the fourth quarter and record revenue for the full year of $493 million.

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Posted in Financial Stocks, Technology Stocks | No Comments »

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