Posts Tagged ‘Financial Stocks’

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TSLA in motion, C in controversy, GMR stuck

Thursday, March 31st, 2011

Tesla Motors Inc. (Nasdaq: TSLA) shares added 19.9% to $28.42, on volume of 5.2 million shares, or four times its full-day average, after Morgan Stanley upgraded the electric-car maker to overweight from equal weight.

Citigroup Inc. (NYSE: C) bought and sold 149.2 million shares Thursday, still pursuing a daily average of 490 million. C shares trailed Wednesday’s close by 1% to $4.41. C was at the center of the deal between Berkshire Hathaway and Lubrizol, making it a key figure in the story surrounding the departure of Buffett lieutenant David Sokol.

General Maritime Corp. (NYSE: GMR) shares fell 3.2% to $2.09, on volume of 7.4 million shares, triple its daily average, a day after the debt-riddled oil carrier shipper said Oaktree Capital Management would invest $200 million in the firm.

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

AMIE a delight, BAC in talks, ABAT misses boat

Wednesday, March 30th, 2011

Ambassadors International (Nasdaq: AMIE) leaped 50.4% in price early Wednesday to $1.76. Volume for the stock was 436,841 shares, or more than 12 times its normal volume.

Bank of America (NYSE: BAC) reassumed its role atop the volume board Wednesday, trading in 72.9 million shares, compared to its daily average of 170.4 million. Prices increased 1% to $13.48, amid talk the bank was joining with Wells Fargo and Chase on negotiating with the states on foreclosure practices.

Advanced Battery Technologies (Nasdaq: ABAT) skidded 41% in price Wednesday to $2.05. Volume was a towering 18.7 million, compared to a daily average of less than one million.

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

CEPH, VRX could be a match, C clicks, ZZ bottoms

Wednesday, March 30th, 2011

Cephalon Inc. (Nasdaq: CEPH) shares surged 28.3% to $75.37, on volume of 25.2 million shares, towering over an average of 1.1 million, after Canadian drug manufacturer Valeant Pharmaceuticals International Inc. (NYSE: VRX) said it made an unsolicited offer valued at about $5.7 billion in cash to acquire the U.S. drug maker. Valeant’s shares climbed 8.9% to $48.27.

Citigroup Inc. (NYSE: C) was a volume leader early Wednesday, trading in 60.2 million shares, compared to a daily average of 487.3 million. C shares nipped up 0.7% to $4.48

Sealy Corp. (NYSE: ZZ) shares declined 4.3% to $2.66, on volume of 315,582 shares, closing in a daily average of 320,276, a day after the mattress maker unexpectedly reported a first-quarter loss.

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Posted in Consumer Discretionary Stocks, Financial Stocks, Health Care Stocks | No Comments »

IDSA in orbit, S vocal, CISG capsizes

Monday, March 28th, 2011

Industrial Services of America Inc. (Nasdaq: IDSA) shares gained 16.6% to $11.72. Share volume was 263, 718, trumping an all-day average of less than 52,000, after the waste manager reported a higher fourth-quarter profit from the year-ago period.

Sprint Nextel Corporation (NYSE: S) dealt in 43.9 million shares, catching up on its daily average of 62.2 million. Prices hiked 1.2% to $4.74, after the company spoke out against the acquisition of T-Mobile USA by rival AT&T.

CNinsure Inc. (Nasdaq: CISG) U.S.-listed shares were off 11.6% to $11.97. Share volume was 2.5 million, or more than four times its daily average, after the Chinese insurer and brokerage late Friday said it would sell Beijing Fanhau Datong Investment Management Co. Ltd. for nearly $64 million.

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Posted in Financial Stocks, Industrial Stocks, Technology Stocks | No Comments »

EK in picture, C rumbles, CBEH wobbles

Monday, March 28th, 2011

Eastman Kodak Co. (NYSE: EK) shares rallied 10.9% to $3.77. Volume of nearly 39 million shares during the morning proved nearly quadruple its full-day average. The U.S. International Trade Commission said Friday it will review a patent decision that went against Kodak in January.

Citigroup Inc. (NYSE: C) dealt in nearly 78 million shares early Monday, rapidly gaining on a full-day average of 487.2 million. Share prices for C, however, stumbled 0.8% to $4.43, amid word of a drop in short interest for Citi and Bank of America.

China Integrated Energy Inc. (Nasdaq: CBEH) share prices trailed Friday’s close by 24.6% to $2.83, on volume of 3.8 million shares, dwarfing its all-day average of 853,489.

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

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