Posts Tagged ‘Financial Stocks’

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END ends well, YHOO trades widely, BBXT fades

Thursday, November 18th, 2010

Endeavor International Corporation (NYSE: END) gained 4.4 percent in price in Thursday afternoon trade to close at $8.77 Volume of 102,795 shares was below its usual share volume of 564,506. The Houston-based oil and gas exploration and production company announced Wednesday a one-for-seven share consolidation.

Yahoo Corp. (NasdaqGS: YHOO) was among Thursday’s volume leaders, trading in 45,688,242 shares Thursday afternoon, nearly doubling its usual daily volume of 23,853,700 shares. Shares of the search engine company surge 5.2 percent to close at $16.99. Wednesday, Tippr, which operates Tippr.com, one of the largest group buying sites on the Internet, today announced a partnership with Yahoo!, Inc. to feature Tippr.com deals on Yahoo!’s new Local Offers program.

BankAtlantic Bancorp Inc. (NasdaqGM: BBXT) fell in price Thursday by 14.55 percent to $7.39. Volume of 24,799 shares was more than eight times the company’s usual daily volume.

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Posted in Energy Stocks, Financial Stocks, Technology Stocks | 1 Comment »

GTN spikes, RF has great volume, WSM stumbles

Thursday, November 18th, 2010

Gray Communication Systems (NYSE: GTN) improved in price by 11.58 percent in Thursday afternoon trade to $1.70 Volume of 425,772 shares proved nearly double the stock’s three-month daily average. Atlanta-based GTN is a television broadcast company, operating 36 television stations serving 30 markets.

Regions Financial Corporation (NYSE: RF) did brisk trade Thursday afternoon, with 73,128,272 shares changing hands, quadruple its usual daily volume of 18,752,300 shares. RF shares trailed Wednesday’s close by 3.43 percent to $5.35.

Williams-Sonoma Inc. (NYSE: WSM) fell in price Thursday by 8.13 percent to $32.89. Volume of 7,246,547 shares more than tripled usual daily volume of 2,129,680 shares. WSM Thursday announced third-quarter Net revenues increased 11.8 percent to $816 million versus $729 million in the third quarter of fiscal 2009. GAAP Diluted Earnings per share increased to $0.34 from $0.07 in Q3 ’09.

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

CABB jumps, SGAMY trades widely, ABPI sinks after Chapter 11

Thursday, November 18th, 2010

California Business Bank (OTCBB: CABB) gained 28.89 percent in Thursday afternoon trading to $2.90. Volume was 1,100 shares, easily surpassing its 3-month daily average volume of 488.

Sega Sammy Holdings Inc Sponsored ADR (Pink Sheets: SGAMY) was among the volume leaders in micro-caps Thursday afternoon, with 5,209,257 shares changing hands, more than 15-times its average volume of 333,776. The stock gained 4.48 percent in price to $4.20.

Accentia Biopharmaceuticals Inc. (Pink Sheets: ABPI) lost 1.02 percent in price Thursday afternoon to 97 cents. Volume was 289,330 shares. ABPI announced Wednesday that the Company and its majority-owned subsidiary, Biovest International, Inc. have both successfully completed their reorganizations. Pursuant to their respective Plans of Reorganization approved by the bankruptcy court, Accentia and Biovest have now formally exited Chapter 11 as fully restructured organizations.

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Posted in Financial Stocks | No Comments »

LTX has credence, BAC active, ALOT sinks,

Thursday, November 18th, 2010

LTX-Credence Corporation (NasdaqGM: LTXC) galloped ahead 31.10 percent in price by noon ET Thursday to $7.84. Volume of 6,628,004 shares trumped the stock’s three-month daily average of 531,400. Thursday, it was announced that LTXC was being investigated in connection with the proposed acquisition by Verigy. The probe seeks to determine whether LTXC 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.

Bank of America (NYSE: BAC) did a brisk trade by midday Thursday, with 80.3 million shares changing hands, against its usual daily volume of 259,370,000 shares. BAC shares nipped ahead 0.65 percent Thursday in price to $11.69. It was announced Thursday that BAC ranked number one among all banks in the amount of credit extended through the U.S. Small Business Administration’s 504 loan program during the last fiscal year.

AstroMed Inc. (NasdaqGM: ALOT) fell in price early Thursday by 9.4 percent to approach noon at $6.65. Volume of 63,500 shares trounced its usual daily volume of 2,998 shares. The Rhode Island-based ALOT reported this week net sales of $18,329,000 and net income of $792,000 for the third quarter of 2010, compared to net sales of $16,658,000 and net income of $683,000.

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Posted in Financial Stocks, Technology Stocks | No Comments »

Irish theme continues with AIB, F in gear, HEAT cools

Thursday, November 18th, 2010

Allied Irish Banks (NYSE: AIB) gained 9.26 percent in price in early trading Thursday to $1.18. Volume of 3,292,252 shares rapidly approached the stock’s three-month daily average of 5,221,820. AIB announced Thursday that it will issue an Interim Management Statement during the day on Friday, November 19.

Ford Motor Company (NYSE: F) shares flew off the shelves Thursday near noon, with volume of 109,785,493 shares towering over its usual daily volume of 77,227,800. Shares slid 1.95 percent Thursday, however, to $16.35. The carmaker currently the top shareholder in Mazda Motor Corp. announced Thursday that it will sell about 70% of its shareholdings in the Japanese automaker on the Tokyo stock market Friday, but the two automakers are expected to maintain their strategic alliance.

SmartHeat Inc. (NasdaqGM: HEAT) fell in price early Thursday by 10.71 percent to $5.05. Volume of 1,885,516 shares proved nearly five times its average for a full day. The company announced Thursday the pricing of its previously announced public offering of 5,000,000 shares of its common stock pursuant to an effective shelf registration statement at a public offering price of $5.00 per share. The transaction is expected to close on or about November 23.

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Posted in Financial Stocks, Technology Stocks | No Comments »

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