Posts Tagged ‘Financial Stocks’

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MOBI clicks, FITB active, IBCP tumbles

Thursday, January 20th, 2011

Sky-Mobi Limited (Nasdaq: MOBI) shot 12.9 percent higher Thursday to $5.83. Volume of 1,239,238 shares proved better than double its full-day average. MOBI operates the leading mobile application store in China.

Fifth Third Bancorp (Nasdaq: FITB) dealt in 73,558,234 shares, six times its full-day average. Share prices dipped 1.6 percent to $14.38, after revealing it had repaid $1.7 billion to TARP.

Independent Bank Corporation (Nasdaq: IBCP) shares slid 18.5 percent to $2.90. Volume was 677,526 shares, more than double the daily average. IBCP is is a Michigan-based bank holding company with total assets of approximately $2.7 billion.

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KONE soars, BAC busy, FFIV falters

Thursday, January 20th, 2011

Kingtone Wireless Info Solutions (Nasdaq: KONE) climbed 14.4 percent in price Thursday to $3.65. Volume of 433,351 shares nearly quadrupled its full-day average. KONE Thursday announced quarterly revenues increased 36.1% to $5.33 million from $3.92 million in the prior year period. Gross profit increased 104.7% to $4.64 million from $2.27 million in the prior year period

Bank of America Corp. (NYSE: BAC) dealt in 130,095,328 shares, short of its full-day average of 214,812,000. Share prices were flat at$14.38.

F5 Networks Inc. (Nasdaq: FFIV) shares slid 21.7 percent to $108.64. Volume was 12,376,855, far better than the daily average of 2,678,010, after the Internet-traffic software company projected second-quarter revenue below Wall Street expectations.

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BLTI climbs, C steady, MNKD manhandled

Thursday, January 20th, 2011

BioLase Technology Inc. (Nasdaq: BLTI) vaulted 80.2 percent in price Thursday to $3.01. Volume of 1,723,791 shares overwhelmed its full-day average of 46,341. Biolase said today it expects to post a profit after four quarters of loss, sending the dental laser company’s shares up 68 percent to a year-high.

Citigroup Inc. (NYSE: C) dealt in 228,816,253 shares, inching toward its full-day average of 551,205,000. Share prices edged higher 0.1 percent to $4.76.

MannKind Corp. (Nasdaq: MNKD) shares tumbled 42.4% to $5.27. Volume was 12,079,531, or four times its full-day average, after the biotechnology company failed to obtain regulatory approval to market its insulin inhaler.

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IPCI aces, WFC busy, MAG ragged

Wednesday, January 19th, 2011

Intellipharmaceutics International (Nasdaq: IPCI) went higher 18 percent to close Wednesday at $6.04. Volume of 181,460 shares ran away from its full-day average of 27,753. IPCI is a pharmaceutical company specializing in the research, development and manufacture of novel and generic controlled release and targeted release oral solid dosage drugs.

Wells Fargo & Company (NYSE: WFC) dealt in 50,557,742 shares, topping its full-day average of 33,984,900. Share prices dropped, however, by 1.9 percent to $31.86. WFC posted net income attributable to common shareholders of $3.2 billion, or 61 cents per share, matching analyst expectations. Last year, profit of $394 million, or eight cents per share, was sharply reduced by preferred dividends paid under the government bailout.

Magnetek Inc. (NYSE: MAG) surrendered 15.4 percent Wednesday to $1.65. Volume of 271,367 shares more than doubled its average daily volume of 106,631. MAG, which provides digital power control systems North America, announced Wednesday it would release second-quarter financial numbers on Feb. 9.

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EFOI more energetic, S, PMI dip

Wednesday, January 19th, 2011

Energy Focus, Inc. (Nasdaq: EFOI) climbed 10.3 percent to $1.18 Wednesday afternoon. Volume of 396,108 shares proved four times its full-day average. Solon, Ohio-based EFOI is a leader in providing energy efficient lighting solutions.

Sprint Nextel Corporation (NYSE: S) dealt in 50,848,950 shares, catching up to its full-day average of 54,200,200. Prices for S went south, though, 2.1 percent to $4.27, on word the company will announce fourth-quarter and full-year financial numbers on Feb. 10.

The PMI Group, Inc. (NYSE: PMI) skidded 17.4 percent Wednesday to $3.30. Volume was 13,608,639 shares was nearly triple its average daily volume. Through its wholly and partially owned subsidiaries, PMI offers residential mortgage insurance and credit enhancement products.

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