Posts Tagged ‘Financial Stocks’

TTGL has banner day, SMKY smokin’, ECCE has wings clipped

Monday, November 15th, 2010

Titan Global Holdings, Inc. (Pink Sheets: TTGL) screamed higher in late afternoon trading Monday, gaining 5,900 percent in price to six-10ths of a cent. Volume so far Monday is 32,738 shares.

Smoky Market Foods, Inc. (OTCBB: SMKY) rocketed in price 500 percent Monday to six-10ths of a cent. Volume in the stock was 995,000 shares.

Eagle Ford Oil & Gas, Corp. (OTCBB: ECCE) faded in price 87.18 percent to 10 cents Monday afternoon. Volume was 4,534 shares. Houston-based ECCE announced last week a drilling update for the two wells in the Eagle Ford Shale formation located in Live Oak County in South Texas. The Kellam#2H has been successfully completed and is currently producing.

AIB reacts to EU speculation, BAC deals widely, RINO slumps on profit news

Monday, November 15th, 2010

Allied Irish Banks, PLC (NYSE: AIB) pumped stronger in price by 10.10 percent approaching midday in New York, to $1.14. Volume in this stock 3,451,782 shares, just shy of its three-month daily average of 4,945,550 shares.  Shares of Allied Irish picked up as speculation increases Ireland will get some sort of bailout from the European Union.

Bank of America Corp. (NYSE: BAC) proved quite the active stock in Monday morning trading, exchanging 46,667,839 shares. Normal daily share volume is around 194,841,000. BAC shares gained 0.99 percent in price to $12.25. BAC said Monday 30-day- plus credit-card delinquencies fell to 5.60 percent in October from 5.71 percent in September. Write-offs rose to 10.15 percent from 9.99 percent on an annualized basis. The information was disclosed in a regulatory filing.

RINO International Corporation (NasdaqGS: RINO) listed downward 23.07 percent by midday Monday in New York to $8.47. Volume of 3,408,627 more than quadrupled its 3-month average for an entire day. The clean energy company reported net income was $8.8 million, or 31 cents a share, compared with $17.1 million, or 68 cents a share, last year. Revenue fell 17 percent to $52.1 million.

Early NYSE volume movers: Citigroup (NYSE: C), GTN.A, GKK tumbles

Monday, November 15th, 2010

Gray Television Inc, (NYSE: GTN.A) jumped 9.68 percent in price Monday morning to $1.70. Volume was 370 shares, compared to a three-month daily average of 1,458. The Atlanta-based Gray is a television broadcast company, currently operating 36 television stations serving 30 markets.

Citigroup Inc. (NYSE: C) proved the early volume leader in Monday trading, exchanging 103,146,803 shares, compared to its daily average of 470,269,000. C shares gained 1.17 percent to $4.34 in the first 90 minutes of trading. Bank stocks in general were busy Monday, amid increased speculation Ireland will get some sort of bailout from the European Union.

Gramercy Capital Corp. (NYSE: GKK) tumbled 11.17 percent in price to $15.50. Volume was 5,730 shares; three-month averages were not available at press time.

Small-cap markets awash in AWSH, XSRAY seeks new peak, GCPL, IZON slump

Thursday, November 11th, 2010

American Wenshen Steel Group Inc. (OTCBB: AWSH) surged 19,300 percent in the first hours of Thursday’s trading to 97 cents, approaching a new 52-week high. Volume was a mere 100 shares, however.

Xstrata plc (Pink Sheets: XSRAY) proved one of the small cap markets most active issues early Thursday, its volume a whopping 1,327,098 shares. The stock picked up 3.87 percent in price to boot, surging to $4.56, approaching a new 52-week high.

Global Capital Partners, Inc. (Pink Sheets: GCPL) took it on the chin early Thursday, loosening 98.95 percent from its price to four-100ths of a cent, on only 100 shares. The stock has known a 52-week high of 3.8 cents.

InZon Corp. (Pink Sheets: IZON) fell in price Thursday by 95 percent to three-100ths of a cent on volume of 2,725 shares. The communications company, based in Delray Beach, Fla.., has seen a stock high of 10 cents during the last 52 weeks.

Lights bright on Broadway, C, BAC among volume leaders, CELH cools off

Thursday, November 11th, 2010

Broadway Financial Corporation (NasdaqCM: BYFC) enjoyed a banner morning Thursday, opening 29.57 percent higher in price to $2.41. Opening volume may have been a scant 7,175 shares, but still twice its average for the whole day. The bank’s parent, Broadway Federal Bank, f.s.b., founded in 1946, is the leading community-oriented savings bank in Southern California serving low to moderate income communities.

Citigroup Inc. (NYSE:C) was among the volume leaders in the early going of Thursday’s session, trading in 85,696,412 shares. Daily average in the banking conglomerate is 471,294,000 shares. Prices for Citigroup, however, slid 1.13 percent to $4.37. The company announced Thursday morning that it had sold a $1.4-billion portfolio of multifamily and commercial real estate loans to OneWest Bank on Thursday, as the larger bank continued to shed assets it considers unrelated to its main banking businesses.

Bank of America Corporation (NYSE:BAC) saw its shares fly thick and fast in Thursday’s session, trading in 39,796,719 shares, a large fraction of its daily average of 195,038,000. BAC shares decreased in price, though, 1.75 percent to $12.35, after announcing that it had sold most of its stake in BlackRock, the world’s largest money manager. BAC sold 43.6 million shares for $163 per share, putting a $7-billion value on the deal.

Celsius Holdings Inc. (NasdaqCM: CELH) saw its shares dip in price 30.66 percent in early Thursday trading to 95 cents. Volume was 189,585 shares, trampling its daily average of 24,289. CELH Wednesday announced revenue for the quarter totaled $1.8 million as compared to $1.3 million for the same quarter in 2009, an increase of 32%. The Company recorded a net loss of $5.0 million for the 2010 quarter as compared to $2.7 million for the same period last year.