Posts Tagged ‘Financial Stocks’

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THLD jumps, BAC active, SYX slumps

Wednesday, December 15th, 2010

Threshold Pharmaceuticals Inc. (NasdaqCM: THLD) vaulted 21.05 percent Wednesday noon to $1.38. Volume of 1,028,078 left its full-day average of 34, 640 in the dust. THLD, based in Redwood City, Calif., is a biotechnology company focused on the discovery and development of drugs targeting Tumor Hypoxia, the low oxygen condition found in microenvironments of most solid tumors.

Bank of America Corp. (NYSE: BAC) was among the volume leaders Wednesday noon, trading in 57,485,230 shares, nearing its full-day average of 210,883,000. Share prices improved 0.7 per cent, to $12.48. U.S. equities are the primary beneficiary of the continuing upswing in global investor sentiment, according to the BofA Merrill Lynch Survey of Fund Managers for December. A net 44 percent of the respondents predict the world’s economy to strengthen in 2011, compared to 35 percent a month earlier.

SYSTEMAX INC. (NYSE: SYX) ) fell 4.96 percent in Wednesday morning trading to $12.45. Volume of 116,067 shares better than doubled its full-day average. The Company sells personal computers, computer components and supplies, consumer electronics and industrial products

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SAM hoists price, RF busy in volume, ABCW slides

Wednesday, December 15th, 2010

Boston Beer Company (NYSE: SAM) tapped the keg 13.56% higher Wednesday morning to $96.16. Volume of 190,087 easily trumped its full-day average of 72,537. The company brews Samuel Adams Boston Lager.

Regions Financial Corporation (NYSE: RF) was among the volume leaders Wednesday exchanging 64,408,658 shares, better than double its full-day average. Share prices improved 2.1 per cent, to $6.33. Regions Financial Corporation provides of consumer and commercial banking, trust, securities brokerage, mortgage and insurance products and services.

Anchor BanCorp Wisconsin Inc. (NasdaqGS: ABCW) reversed 13.18 percent in Wednesday morning trading to $1.12. Volume of 161,847 shares outdistanced its full-day average of 105,797. AnchorBank fsb, the wholly-owned subsidiary, has 57 offices. All are located in Wisconsin.

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CYPB spreads wings, C solid, MOTR in reverse

Wednesday, December 15th, 2010

Cypress Bioscience (NasdaqGM: CYPB) jumped 12.2% to$6.45, on volume of 8,570,704, or 16 times its full-day average, after it agreed to be acquired by Ramius LLC and Royalty Pharma for about $255 million in cash, ending a takeover battle that began in July.

Citigroup (NYSE: C) traded in 155,455,525 shares, making good headway on its daily average of 539,270,000 shares. Share prices retreated 0.53 per cent, however, Wednesday, to $4.66.

Motricity Inc. (NasdaqGM: MOTR) backtracked 13.53 percent in Wednesday morning trading at $18.40. Volume of 3,277,545 shares tramped its full-day average of 559,200. MOTR, based in Bellevue, Wash., is a leading mobile data solutions provider exclusively focused on the rapidly growing mobile Internet market.

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DNEX up, HBAN active, MILL slumps

Monday, December 13th, 2010

Dionex Corp. (NasdaqGS: DNEX) prospered 20.13 percent in price Monday afternoon to $117.93. Volume was 1,176,138 shares squashed the stock’s normal daily average of 62,998, amid word that DNEX is being probed for shareholders in connection with the proposed acquisition by Thermo Fisher Scientific. The investigation seeks to determine whether Dionex and its Board breached their fiduciary duties by entering into the agreement without properly shopping for a deal that would provide better value for shareholders.

Huntington Bancshares Inc. (NasdaqGS: HBAN) traded in 37,557,116 shares, almost 2-and-a-half times its normal daily average. Prices for HBAN pointed downward, though, 4.61 percent to $6.53. The Columbus, Ohio-based bank today announced commencement of an underwritten public offering of $920 million of its common stock. Goldman, Sachs & Co. will act as sole bookrunner and Sandler O’Neill + Partners, L.P. will act as co-manager for the proposed equity offering.

Miller Petroleum Inc. (NasdaqGM: MILL) staggered 13.06 percent to $4.46 on Monday afternoon. Volume was 882,425 shares, four times its full-day average. MILL is a high-growth oil and natural gas exploration, production and drilling company

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MCP jumps, GE busy, JTX stumbles

Monday, December 13th, 2010

Molycorp. Inc. (NYSE: MCP) progressed 12.28 percent in price Monday afternoon to $35.12. Volume was 4,273,650 shares, once-and-a-half its normal daily average. Molycorp, Inc., the Western Hemisphere’s only producer of rare earths, announced that it has secured the last of several environmental permits necessary to begin construction of its new, state-of-the-art rare earth manufacturing facility at Mountain Pass, California.

General Electric Company (NYSE: GE) did a lot of business Monday, trading in 38,111,289 shares, zeroing in on its normal daily average of 58,764,900 shares. Prices for GE were flat at $17.65. GE today announced its intention to make an offer for 100% of Wellstream Holdings PLC, a leading engineer and manufacturer of high-quality flexible pipeline products for oil and gas transportation in the subsea production industry.

Jackson Hewitt Tax Services (NYSE: JTX) lost 11.56 percent in price to $1.30 just past noon ET on Monday. Volume was 2,000,705 shares, nearly triple its full-day average. Based in Parsippany, N.J., JTX. is an industry-leading provider of full service individual federal and state income tax preparation.

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