Posts Tagged ‘healthcare’

CNA skyrockets, GE gains, PSDV wobbles

Monday, February 7th, 2011

CNA Financial Corp. (NYSE: CNA) leaped 8.7 percent to $30.15, on volume of 1.1 million, compared to daily average of 197,930, after the company on Monday reported fourth-quarter results that beat Wall Street’s expectations.

General Electric Company (NYSE: GE) traded in 41.1 million shares Monday, making it a volume leader, but still below its average of 60 million. Prices improved 1.5 percent to $20.87, after the company revealed its China aviation partner was actively seeking U.S. deals.

pSivida Corp. (Nasdaq: PSDV) dropped 7.2 percent to $4.10 Monday. Volume for the stock was 252,593 shares, roundly beating its daily average of 143,541, just days after announcing positive results from tests on its Iluvien diabetes medication.

PFMS flies, STHG steady, ABPA drops

Monday, February 7th, 2011

PaperFree Medical Solutions Inc. (Pink Sheets: PFMS) ripped loose from the pack Monday, gaining 26.3 percent to 24-100ths of a cent, in trading of 131.5 million shares, more than 11 times its average.

Stratton Hldg Inc. (Pink Sheets: STHG) has had quite the day for business among micro-caps, trading in 113.8 million shares, compared to a daily average of 6.4 million. Share prices vaulted 16.7 percent to 11-100ths of a cent.

Allegiance Bank of North America (OTCBB: ABPA) hurtled earthward in price by 56 percent to 11-100ths of a cent Monday, on volume of 650,000 shares, compared to a daily average of 81,661. ABPA is a federally-chartered mid-tier holding company.

LZR merges, MSFT moving, CRME skips a beat

Monday, February 7th, 2011

Emergent Group Inc. (AMEX: LZR) shares sprang up 38.8 per cent to $8.41, on volume of 284,325 or more than 11 times its daily average. Monday, it was announced that LZR was to be acquired by Universal Hospital Services for $8.46 a share.

Microsoft Inc. (Nasdaq: MSFT) traded in 25.3 million shares, pursuing a daily average of 58.4 million. Share prices added 1.6 percent to $28.22, amid general momentum in the tech world.

Cardiome Pharma Corporation (Nasdaq: CRME) lost 11.4 percent Monday to $6.06. Volume was 561,971 shares, nearly twice its normal daily average. Vancouver-based CRME is a product-focused drug development company dedicated to the advancement and commercialization of novel treatments for disorders of the heart and circulatory system.

BEC gets bought, C sells, DEAR dives

Monday, February 7th, 2011

Beckman Coulter Inc. (NYSE: BEC) shares gained 9.7 percent to $82.49, on volume of nearly 27 million shares, towering over its average of 1.3 million, after industrial company Danaher Corp. (NYSE: DHR) said it would buy the medical-diagnostics firm in a deal valued at about $6.8 billion. Danaher shares traveled higher 3.5 percent to $49.68.

Citigroup Inc. (NYSE: C) was busy on the markets Monday, trading in 75 million shares, catching up on a daily average of 561 million. Share prices added 0.9 percent to $4.86. C announced that its Global Transaction Services has launched a new module within its TreasuryVision® portal that simplifies how companies manage internal lending relationships between their legal entities.

Dearborn Bancorp Inc. (Nasdaq: DEAR) lost 11 percent Monday to $1.54. Volume for the stock was 165,420 shares, leading its normal daily average of 116,091, after reporting Friday a quarterly loss of $2.4 million, still less than half its loss in the prior-year quarter.

EL up, PFE active, FBN floored

Thursday, February 3rd, 2011

Estee Lauder Cos. (NYSE: EL) shares gained 14.8 percent to $92.49, on volume of 4.9 million – or quadruple its daily average, after the cosmetics maker raised its fiscal-year forecast.

Pfizer Inc. (NYSE: PFE) was busy on the markets Thursday, trading in 52.5 million shares, beating out its daily average of 47 million. Share prices marched again 1.4 percent to $19.22, although biotechs in general were flat to downward Thursday.

Furniture Brands International (NYSE: FBN) lost 17.7 percent of its price strength Thursday to $3.78. Volume for the stock was 4.9 million shares, or more than 12 times its normal daily average, after reporting Thursday a net Q4 loss of $44.7 million, still an improvement from the quarterly loss of $65 million it suffered a year earlier.