Posts Tagged ‘Financial Stocks’

EROC soars, ALU also spreads wings, MSB in the mud

Wednesday, April 13th, 2011

Eagle Rock Energy Partners L.P. (Nasdaq: EROC) shares rose 14.8% to $11.74, on volume of two million shares, or nearly seven times its daily average, a day after the natural-gas firm said it would acquire CC Energy II LLC.

Alcatel-Lucent (NYSE: ALU) did a brisk trade of 55.9 million shares, compared to a daily average of 37.5 million. Shares vaulted in price by 7.6% to $6.07, on announcing plans to expand its broadband network.

Mesabi Trust (NYSE: MSB) shares fell 8% to $35.55, on volume of 677,065, better than twice its daily average, a day after the owner of mining rights in parts of Minnesota said it cut its dividend.

RVBD flows, BAC solid, CPF swoons

Wednesday, April 13th, 2011

Riverbed Technology Inc. (Nasdaq: RVBD) shares rose 12.8% to $34.88, on volume of 12.3 million shares, compared to a daily average of 5.4 million, a day after the maker of computer-networking products projected first-quarter earnings above expectations.

Bank of America Corp. (NYSE: BAC) traded in 69.2 million shares, catching up on its daily average of 152.5 million. Prices slid 1.2% to $13.31, amid a general retreat among bank stocks.

Central Pacific Financial Corp. (NYSE: CPF) dipped 21.2% in price to $15.05 early Wednesday afternoon. Volume of 219,000 shares quadrupled its daily average.

GRM vaults, C busy, INVE falls

Wednesday, April 13th, 2011

Graham Packaging Co. (NYSE: GRM) shares climbed 25.7% to $21.01, on volume of 10.6 million shares, dwarfing a daily average around 437,000, after Silgan Holdings Inc. (Nasdaq: SLGN) said it would acquire its rival supplier of consumer-goods packing products in a deal worth roughly $4.1 billion, including debt. Shares of Silgan gained 12.4% to $41.38.

Citigroup Inc. (NYSE: C) was a volume behemoth on Wednesday, trading in 178.1 million shares, compared to a daily average of 477.1 million, at prices of $4.49, down 1.3% from Tuesday’s close.

Identive Group Inc. (Nasdaq: INVE) took a nose dive in Wednesday, losing 30.1% to $3.98, on volume of 13.1 million shares, well above its daily average of 624,000.

GLBC flies, C steady, ADES ails

Monday, April 11th, 2011

Global Crossing Ltd. (Nasdaq: GLBC) shares surged 60.4% to $23.74, on volume of close to seven million shares, overwhelming a daily average around 146,000, after Internet infrastructure provider Level 3 Communications Inc. (Nasdaq: LVLT) said it would acquire its smaller rival..

Citigroup Inc. (NYSE: C) was a volume champion in early trading Monday morning on Wall Street, dealing in 94.5 million shares, compared to 478.8 million. Share prices were off 0.6% to $4.54, after announcing C was putting its European headquarters on the market for $1.6 billion.

ADA-ES Inc. (Nasdaq: ADES) swooned 38% Monday morning to $13.68, on volume of 335,700 shares, compared to regular volume of 52,729, after an arbitration panel ordered ADES to $38 million to Norit Americas for breach of contract.

Viva VVUS, C active, AMIE earthward

Monday, April 4th, 2011

Vivus Inc. (Nasdaq: VVUS) shares rose 11.7% to $7.05 early Monday morning, on volume of 6.4 million shares, or double its all-day average. This, after the company said its experimental weight-loss drug yielded positive results and helped cut blood pressure.

Citigroup Inc. (NYSE: C) was an early volume leader Monday, dealing in 79 million, compared to a daily average of 494.6 million. Share prices slid 0.5% to $4.43,

Ambassadors International Inc. (Nasdaq: AMIE) shares tumbled 69.6% to 85 cents, on volume of 2.5 million shares, towering over a daily average around 101,000, after the parent of Windstar Cruises filed for bankruptcy protection on Friday.