Posts Tagged ‘Financial Stocks’

ZLC a jewel, C moving, LF dives

Wednesday, January 12th, 2011

Zale Corp.(NYSE: ZLC) shares gained 31.8% Wednesday to $5.31, on volume of 4,860,848 shares, or nearly five times its full-day average. This, after the jewelry retailer said sales at stores open at least a year rose 8.5% during the holiday-shopping season

Citigroup Inc. (NYSE: C) traded in 164,176,079 shares early Wednesday, catching up on its all-day average of 545,199,000. Prices for C moved forward 1.9 percent to $5.04.

Leapfrog Enterprises Inc. (NYSE: LF) fell 24.7 percent Wednesday to $4.07. Volume for the stock was 4,035,933 shares or nearly seven times its daily average, after forecasting 2010 earnings below expectations.

LDK flies, AA solid, FBP flounders

Monday, January 10th, 2011

LDK Solar Co. (NYSE: LDK) shares rose 18.4% to $12.35 Monday. Volume for the stock was 22,705,047 shares, nearly four times its full-day average, after the Chinese solar-power products manufacturer hiked its fourth-quarter sales outlook.

Alcoa Inc. (NYSE: AA) traded in 52,335,644 shares Monday afternoon, more than double its daily average. Prices for AA inched up 0.3 percent to $16.47. Monday, AA reported Income from continuing operations of $258 million, or $0.24 per share, highest since 2008’s third quarter.

First Bancorp (NYSE: FBP) faded 10.4 percent Monday to $4.85. Volume for the stock of 1,179,549 shares more than quadrupled its daily average.

GKK gets some traction, S trades widely, GNI in the swamp

Monday, January 10th, 2011

Gramercy Capital Corp. (NYSE: GKK) shares gained 10.4 percent to $3.09 Monday. Volume of 1,551,914 shares was more 2 1/2 times its usual volume. GKK is a self-managed integrated commercial real estate finance and property investment company.

Sprint Nextel Corp. (NYSE: S) traded in 47,181,985 shares Monday afternoon, approaching its daily average of 51,474,800. Prices for S trailed Friday’s close by 2.9 percent to $4.55. Consumers today will begin seeing TV advertising in a campaign touting the benefits of the company’s third 4G-capable smartphone.

Great Northern Iron Ore Properties (NYSE: GNI) dipped 21.6 percent Monday to $104.42. Volume for the stock of 121,377 shares proved 11 times its daily average, after Citron Research issued a negative report on the company.

PLA jumps, BAC busy, DV falters

Monday, January 10th, 2011

Playboy Enterprises Inc. (NYSE: PLA) shares gained 16.8% to $6.08 Monday. Volume of 6,658,738 shares dwarfed its usual volume of 126,632, after the publisher said it had inked a deal with IconAcquisition Holdings LP to be taken private.

Bank of America Corp. (NYSE: BAC) traded in volume of 90,768,343 shares, catching up on its daily average of 222,870,000. Prices for BAC nipped up 0.6 percent to $14.33.

DeVry, Inc. (NYSE: DV) tanked 14.2 percent in Monday to $40.79. Volume for the stock was 1,839,619 shares, nearly double its daily average. DeVry University is one of the largest, private sector universities in North America, with nearly 93,000 students enrolled in the United States and Canada.

GENE displays sheen, C trades widely, STRA strays

Monday, January 10th, 2011

Genetic Technologies Ltd (Nasdaq: GENE) grew 71 percent in price Monday to $2.53. Volume of 191,089 shares proved nearly 100 times its full-day average volume. GENE is a leading-edge genetic testing business which, together with an extensive range of international patents and allied research activities, aims at uncovering the impact of DNA on health.

Citgroup Inc. (NYSE: C) traded Monday in 176,181,317 shares, compared to its daily average of 546,005,000. Prices for the stock tailed off 0.9 percent to $4.89. Citigroup Inc. today announced that it has received requisite consents from holders of CitiFinancial Credit Company’s 6.625% Notes due 2015 and is extending the early tender date and consent date of its exchange offer.

Strayer Education Inc. (Nasdaq: STRA) lost 22.2 percent in Monday trading to $119.30. Volume for the stock was 1,334,882 shares, more than four times its daily average. STRA is an education services holding company that owns Strayer University and certain other assets.