Posts Tagged ‘Financial Stocks’

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LEDS enjoys hearty IPO, BAC sells widely, OXM slides

Thursday, December 9th, 2010

SemiLEDS Corp. (NasdaqGS: LEDS) climbed 47.88 percent in price Thursday to $25.14. Volume was 3,659,012 shares, upon its IPO Thursday. The Hawaii-based developer and manufacturer of LED chips and LED components, announced today the pricing of its initial public offering of 5,250,000 shares of its common stock, at $17.00 per share.

Bank of America Corp. (NYSE: BAC) traded in 126,328,133 shares, making it a leader in volume, against its full-day average of 204,999,000. Shares progressed 2.58 percent to $12.31. Financial executives at U.S. companies expressed more optimism that their businesses will hire employees and see revenue growth in 2011, according to a recent Bank of America Merrill Lynch survey. Of the 801 executives surveyed in the bank’s annual CFO Outlook, 47 percent said they expect their companies to hire additional employees next year, up from 28 percent who forecast hiring last year.

Oxford Industries Inc. (NYSE: OXM) dipped in price 16.11 percent Thursday to $23.23, on volume of 402,535 shares, very nearly four times its full-day volume average. Atlanta-based Oxford Industries, Inc. Wednesday announced third quarter diluted net earnings per share were $0.33 compared to $0.26 in the third quarter of fiscal 2009.

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FRC scores big in IPO, C sells briskly, SDTH staggers

Thursday, December 9th, 2010

First Republic Bank (NYSE: FRC) was among the price champions early Thursday, strengthening 95.99 percent in price to $27.34. Volume was 4,503,158 shares, upon its IPO Thursday. First Republic Bank had $22 billion in total assets as of June 30 and its wealth management assets totaled $17.2 billion.

Citigroup Inc, (NYSE: C) traded in 275,979,360 shares, making it a leader in volume, making loads of headway against its daily average of 517,995,000. Shares hiked 0.97 percent to $4.68. Citi today announced that it has hired Benjamin Poor as Manager of Market Intelligence for the Securities and Fund Services (SFS) unit within Global Transaction Services.

Shengdah Tech, Inc. (NasdaqGS: SDTH) tumbled in price 16.01 percent Thursday to wind up at $5.14, on volume of 570,864 shares, better than triple its full-day volume average. The leading manufacturer of nano-precipitated calcium carbonate in China, today announced that it intends, subject to market and other conditions, to offer an aggregate of $90.0 million of senior convertible notes due 2015 in a private offering.

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NYSE Financial Stocks Climb: LNC, USB, BK

Wednesday, December 8th, 2010

Lincoln National Corporation (NYSE: LNC) climbed 7.18 percent, adding $1.82 to reach $27.16 in late afternoon trading Wednesday. Volume for the Pennsylvania-based company of 9,532,020 was more than double the three month daily average of 4,293,020.

US Bancorp (NYSE: USB) tacked on 3.08 percent to $25.13 as the day came to a close, although volume of 10,430,000 was still short of the company’s daily average of 14.3 million. US Bancorp announced at the Goldman Sachs conference that it is looking to restart dividends in early 2011.

The Bank of New York Mellon Corp (NYSE: BK) added 55 cents, or 1.96 percent to reach $28.69 nearing the bell Wednesday. Volume of 5,220,000 was short of the three month daily average of 8,680,000.

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IRE above crowd, MSFT busy, KUTV bruised

Monday, December 6th, 2010

Bank of Ireland (NYSE: IRE) gained in price by 17.11 percent to $2.16 Monday afternoon. Volume of 30,914,748 shares was near quadruple IRE’s normal full-day average volume.

Microsoft Corporation (NasdaqGS: MSFT) fell in price 63 percent to 26.85 nearing the bell Monday. The company traded in 23,942,216 shares, while making it a leader in volume, it was still considerably below MSFT’s daily average of 62,814,900. Microsoft announced monday announced the “Cloud CRM for Less” offer for Salesforce.com and Oracle customers.

Ku6 Media Co. Ltd. (NasdaqGM: KUTV) stumbled in price 11.87 percent Monday afternoon to $7.05, on volume of 179,666 shares, nearly three times its full-day average. KUTV is leader in online video portal operations in China.

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ASCQ ascends, LFBG in front, SUGO sets

Monday, December 6th, 2010

Ascend Acquisition Corp. (OTCBB: ASCQ) rocketed up 382.32 percent to lift its price Monday to 15 cents. Volume of 16,930 shares improved on its daily average of 9,233. The company serves as a vehicle to effect a merger, capital stock exchange, asset acquisition or other similar business combination with a currently unidentified operating business.

Left Behind Games Inc. (OTCBB: LFBG) left many of the other stocks behind, at least in volume, trading in 123.95 million shares, besting its full-day average of 101.85 million shares. The share price nipped up by 3.57 percent to 58-100ths of a cent. LFBG, the world’s leading publisher of Christian video games, announced today that revenues in the current quarter continue to exceed expectations as a result of reorders, projecting sales for the quarter to exceed $1 million.

Sungro Minerals Inc. New (OTCBB: SUGO) saw the luster go from its price Monday, losing 52.54 percent to 5.6 cents. Volume of 1.23 million swarmed its daily average of 186,864. The Rhode Island-based SUGO Friday announced that it has completed a round of bridge funding needed to complete the long expected NI-43101 report as well as providing for the completion of annual payments associated with the maintenance of the property and claims.

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