Posts Tagged ‘Financial Stocks’

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RES revved up, BAC solid, LCI wobbles

Monday, December 13th, 2010

RPC Inc. (NYSE: RES) spiked 50.21 percent Monday to $21.11. Volume was 675,973 shares, just above pulling even with its normal daily average. The Atlanta-based RES provides a broad range of specialized oilfield services and equipment primarily to independent and major oilfield companies engaged in the exploration, production and development of oil and gas properties throughout the U.S.

Bank of America Corp. (NYSE: BAC) took its place among the volume leaders mid-morning Monday, trading in 63,254,656 shares, compared to its normal daily average of 209,350,000. BAC’s price inched back 0.16 percent to $12.78. Bank of America Merrill Lynch today announced that it has launched electronic FX options trading capabilities for institutional and corporate clients.

Lannett Co. Inc. (AMEX: LCI) dipped in price 13.28 percent to $5.21 soon after Monday’s opening. Volume was 74,742 shares, compared to a full-day average of 51,394. LCI develops, manufactures, packages, markets and distributes generic pharmaceutical products for a wide range of indications.

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Posted in Energy Stocks, Financial Stocks, Industrial Stocks, pharmaceutical stocks | No Comments »

ROL rolls, C rocks, CYTK rocky

Monday, December 13th, 2010

Rollins Inc. (NYSE: ROL) took on 54.44 percent Monday to come out of the starting blocks at $19.84. Volume was 75,263 shares, making headway on its normal daily average of 177,065. Atlanta-based Rollins is a premier North American consumer and commercial services company.

Citgroup Inc. (NYSE: C) proved among the volume leaders early Monday, trading in a brisk 130,924,832 shares, about a quarter its normal daily average of 530,261,000. Citigroup’s price inched up 0.21 percent to $4.78. CitiMortgage, Inc. has announced plans for an upcoming Mortgage Assistance Call-a-thon to take place from 7:00 AM December 15, 2010 until 1:00 AM on the morning of December 16, Eastern Standard Time. For the event, CitiMortgage (CMI) customers who have concerns about their ability to pay their mortgage can call into the company’s foreclosure prevention centers for information and advice.

Cytokinetics Inc. (NasdaqGM: CYTK) went south 19.45 percent to $2.36 soon after Monday’s opening. Volume for CYTK was 617,809, more than double its usual full-day volume. CYTK, based in San Francisco, announced the successful completion of its Phase IIa “Evidence of Effect” (EoE) clinical trial of CK-2017357 in patients with amyotrophic lateral sclerosis (ALS), also known as Lou Gehrig’s disease, during an oral presentation included in the Clinical Trials Session at the 21st International Symposium on ALS/MND in Orlando, Florida.

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Posted in Financial Stocks, pharmaceutical stocks | No Comments »

EK in the picture, WFC opens vault, GAGA goes down

Thursday, December 9th, 2010

Eastman Kodak Company (NYSE: EK) jumped 11.64 percent to $5.32. Volume in the stock was 34,437,094 shares, or greater than six times normal share volume.

Wells Fargo & Company (NYSE: WFC) proved one of the main stocks for volume Thursday, trading in 38,037,913 shares, fairly consistent with its daily average. WFC prices gained a healthy 2.38 percent to $30.07. WFC, based in San Francisco, announced Thursday it has introduced an ATM Cash Tracker service to help customers manage their finances.

Le Gaga Holdings Limited (NasdaqGS: GAGA) was one of the biggest losers on the markets Thursday, dropping 18.53 percent to close at $7.30. Volume ahead of the bell was 510,739 shares, shy of its average of 711,511. The Hong Kong-based GAGA is one of the largest greenhouse vegetable producers in China as measured by the area of greenhouse coverage and one of the fastest growing major vegetable producers in China.

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

ARB soars, JP posts solid volume, HDB sinks

Thursday, December 9th, 2010

Arbitron Inc. (NYSE: ARB) went skyward 18.91 percent Thursday to close out trading at $37.22. Volume was 2,315,992, better than 11 times its normal daily average. The Columbia, Md.-based ARB announced Wednesday that Clear Channel Radio has signed multi-year, multi-market contracts for Arbitron’s Portable People Meter™ and diary radio ratings services. These agreements extend Clear Channel’s access to Arbitron radio ratings and other services in all of Clear Channel Radio’s markets through December 31, 2016.

JP Morgan Chase and Co. (NYSE: JPM) inched up 1.37 percent to close Thursday at $40.81. Volume of 40,747,612 shares nosed out its usual daily volume. JPM announced Thursday that its CEO, Claudia Slacik, has been appointed to the board of directors of Martha Stewart Living Omnimedia, Inc.

HDFC BANK Ltd. (NYSE: HDB) saw its stock skid 10.64 percent to close Thursday at $160.78. Volume for the Indian-based bank was 1,315,601, more than six times its usual daily volume.

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Posted in Financial Stocks, Technology Stocks | No Comments »

AIG jumps, F rolls off the lot, TNGN stumbles

Thursday, December 9th, 2010

American International Group, Inc. (NYSE: AIG) hiked in price Thursday by 13.03 percent to $47.72. Volume in the stock was 20,815,012, or better than five times normal volume.

Ford motor Company (NYSE: F) traded in 37,567,113 shares Thursday, but considerably less than half its daily average of 84,616,400. Share prices were flat at $16.78. The car maker Thursday boasted that its 2011 Ford Explorer V6 fuel economy ratings are now EPA-approved at 17 mpg city and 25 mpg highway, a 25-percent improvement over the previous V6 model

Tengion Inc. (NasdaqGM: TNGN) took a hit in price 12.31 percent Thursday to $2.28, on volume of 48,517 shares, more than four times its normal full-day average. The Pennsylvania-based TNGN is a leader in regenerative medicine.

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Posted in Consumer Discretionary Stocks, Financial Stocks, pharmaceutical stocks | No Comments »

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