Posts Tagged ‘Financial Stocks’

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KV surges, BAC trades, JTX swoons

Wednesday, November 17th, 2010

KV Pharmaceutical CLA (NYSE: KV-A) increased 14.69 percent in price Wednesday to $2.42. Volume was 480,021 shares, rapidly catching up on its daily average of 548,417. The St. Louis-based KV announced today that it has entered into an agreement with US Healthcare I, L.L.C. and US Healthcare II, L.L. C. affiliates of New York-based Centerbridge Partners, L.P for a senior secured debt financing package of up to $120 million.

Bank of America Corp. (NYSE: BAC) was a volume leader Wednesday, dealing in 71,100,577shares, compared to its three-month daily average of 196,016,000. The carmaker saw its stock price skid 1.63 percent to $11.74. BAC was ordered by a U.S. judge to return $500 million of deposits it seized from Lehman Brothers Holdings Inc shortly after Lehman’s record bankruptcy.

Jackson Hewitt Tax Service Inc. (NYSE: JTX) fell in price by noon Wednesday by 18.88 percent to 82.74 cents. Volume was 1,954,063 shares, more than four times its three-month daily average.

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TRYF, ZAAP lead small-cap brigade, DIRV provides drag

Wednesday, November 17th, 2010

Trycera Financial, Inc. (OTCBB: TRYF) gained 21.15 percent in price to 6.3 cents Wednesday on 7.08 million shares. TYRF today announced that it has entered into a licensing agreement with Simply Budgets to allow Trycera prepaid cardholders access to card-based money management services that include budgeting, debt management and savings tools. TRYF focuses on marketing financial products and services.

ZAP (OTCBB: ZAAP) picked up 12.61 percent in price to 67 cents Wednesday, on volume of 190,806 shares. ZAAP engages in the development, acquisition, and commercialization of electric vehicles and electric vehicle power systems in the United States

Direct View Holdings, Inc. (OTCBB: DIRV) slid in price by 91.3 percent to 13 cents, on volume of 20,000 shares. Monday, DIRV announced today that its Board of Directors declared a stock dividend payable in shares of its common stock to its stockholders of record on November 9, whereby each stockholder would receive nine shares of common stock for each one share owned on the record date.

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HYC hyper over deal, C goes lending, IIIIU sinks

Wednesday, November 17th, 2010

Hypercom Corporation (NYSE: HYC) increased 14.85 percent in price soon after the opening at $7.04. Volume was a whopping 10,009,714 shares, compared to a daily average of 753,455. VeriFone Systems Inc. said Wednesday that it has agreed to buy Hypercom Corp. in an all-stock deal valued at about $485 million.

Citigroup Inc. (NYSE: C) traded widely Wednesday, dealing in 139,571,329 shares, compared to its three-month daily average of 473,962,000. The stock’s price slipped 0.95 percent to $4.18. The banking giant said Wednesday it has raised a $600-million collateralized loan obligation for Guggenheim Investment Management LLC, according to people familiar with the deal.

Information Services Group Inc. (NasdaqGM: IIIIU) fell in price in early trading Wednesday by 20.04 percent to $4.15. Volume was 72,715 shares, its three-month daily average not available at press time.

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ISLN spikes, QQQQ among volume leaders, ASTM ailing

Monday, November 15th, 2010

Isilon Systems Inc. (NasdaqGM: ISLN) enjoyed a profitable day Monday, jumping 28.45 percent in price to close at $33.77. Volume in ISLN was 35,703,591 shares, compared to a daily average of just over one million. On Monday, EMC Corp. said it has signed a $2.25 billion deal to acquire Isilon Systems Inc. in yet another step in the consolidation of the increasingly important data-storage industry.

PowerShares QQQ (NasdaqGM: QQQQ) traded widely Monday in 56,163,936 shares. The figure was still below its three-month daily average of 73,899,700. The stock suffered in price, though, 0.37 percent to $52.31.

Aastrom Biosciences Inc. (NasdaqCM: ASTM) fell in price Monday’s trading by 15.48 percent to $3.55. Volume in ASTM was 4,168,049, or about four times its normal daily average. The Ann Arbor, Mich.-based company is a leading developer of expanded autologous cellular therapies for the treatment of severe cardiovascular diseases.

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SAR leaps, GE steady, SSE fades

Monday, November 15th, 2010

Saratoga Investment Corp. (NYSE: SAR) jumped in price 8.63 percent to $22.66. Volume in SAR was 48,333 shares, or more than 10 times its usual daily volume. The New York-based business development company today announced that its Board of Directors has declared a dividend of $4.40 per share payable on December 23, 2010 to common shareholders of record on November 19, 2010.

General Electric Corporation (NYSE: GE) was one of the main volume leaders Monday, trading in 39,121,632 shares, still well below its daily average of 59,528,300.  Even so, the giant trailed Friday’s close in price by 0.31 percent to $16.20.  GE Marine, a unit of GE Transportation, and the Panama Canal Authority (ACP) announced today the start of the commissioning of 13 tugboats for use in the Panama Canal. The 26-engine order represents the largest in the history of GE Marine.

Southern Connecticut Bancorp (AMEX: SSE) fell in price Monday, 34.52 percent to $4.06. Volume in SSE was 57,132, or about eight to nine times its average daily volume. The holding bank announced Friday it had entered into a Mutual Termination Agreement, related to the previously announced Agreement and Plan of Merger, dated as of February 22, 2010, as amended on September 17, 2010.

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