Posts Tagged ‘healthcare’

ARIA leaps, BAC busy, HDY takes beating

Tuesday, January 18th, 2011

Ariad Pharmaceuticals Inc. (Nasdaq: ARIA) prospered 30.5 percent in price to $6.85. Volume was 10,153,861, or six times its full-day volume average, amid generally positive news in the drug sector.

Bank of America Corp. (NYSE: BAC) was an active trader Tuesday, dealing in 126,455,431 shares Thursday, compared to a full-day average of 228,170,000. Share prices were off, though, two percent to $14.95.

Hyperdynamics Corporation (AMEX: HDY) fell 16.9 percent Tuesday to $5.95. Volume for the stock was 7,220,720 shares, nearly five times its all-day average. Even so, experts point out that the shares are up more than an astonishing 500% over the past six months

MLOBF moves, WLSI does well, AXNO goes south

Tuesday, January 18th, 2011

Melo Biotechnology Holdings Inc. (OTCBB: MLOBF) sustained a 500-percent spike in price Tuesday to 12 cents. Shares traded totaled 47,000, or better than four times its full-day average. Melo International Holdings Limited develops trades and markets health products, which are mainly nutritional supplements, in Hong Kong.

Wellstar International Inc. (OTCBB: WLSI) traded in 40.5 million shares on Tuesday, making it among the volume leaders in micro-caps. Its full-day average is around 38 million. Prices for WLSI were flat at one-100th of a cent. Wellstar, through its wholly owned operating subsidiary Trillenium Medical Imaging, Inc.is poised to become a leading diagnostic company in the health-care industry.

Asherxino Corp. (OTCBB: AXNO) dipped in price 59.7 percent to 6.05 cents Tuesday. Volume was 45,000 shares, or triple its full-day volume average. AsherXino is an oil and gas company focused on both offshore and onshore prospects in Nigeria.

SBIBW has wings, C, ALXA sink

Tuesday, January 18th, 2011

Sterling Bancshares Inc. (Nasdaq: SBIBW) flew 60 percent in price to $3.12. Volume was 101,438, or five times its full-day volume average, amid reports this week that Cullen/Frost Bankers, Inc. may be acquiring the smaller bank.

Citigroup Inc. (NYSE: C) flew off the shelves Tuesday, dealt in 731,126,655 shares Thursday, already surpassing a full-day average of 549,838,000. Prices for C fell 5.5 percent to $4.86. Citigroup reported a $1.3 billion profit, compared with a $7.6 billion loss a year earlier. Revenue jumped to $18.4 billion, from $5.4 billion a year earlier, but fell more than 11% from the third quarter.

Alexza Pharmaceuticals Inc. (Nasdaq: ALXA) fell 19.2 percent in early trading to $1.35. Volume for the stock was 1,784,554 shares, nearly double its all-day average, on word that the company will file a new application for its drug candidate Adusuve Staccato in July.

ALJ leaps, PFE trades widely, SMSI sinks

Thursday, January 13th, 2011

Alon USA Energy Inc. (NYSE: ALJ) was a gainer on Thursday, picking up 13.3 percent to $7.34. Volume was 524,908, or six times its full-day volume average. Dallas-based ALJ is a controversial refiner and pipeline operator.

Pfizer Inc. (NYSE: PFE) traded in 39,682,127 shares Thursday, making it a volume leader, but still below its daily average of 45,751,100. Prices for PFE fell one percent to $18.19. PFE revealed Thursday and the company and its bankrupt Quigley unit are close to a deal with a group of alleged asbestos victims that would resolve Pfizer’s liability for billions of dollars in potential claims.

Smith Micro Software Inc. (Nasdaq: SMSI) dove 14.5 percent in price to $13.42.Volume for the stock was 2,883,996 shares or nearly six times its full-day average. The company reaffirmed earlier guidance with sales and earnings midpoints well above the average analyst estimate.

BNVI gains, MSFT active, CVVT falls hard

Thursday, January 13th, 2011

Bionovo Inc. (Nasdaq: BNVI) shares jumped 34.9 percent to $1.41 Thursday afternoon. Volume was 666,578, or nearly four times its full-day volume average. BNVI is a pharmaceutical company focused on the discovery and development of safe and effective treatments for women’s health and cancer.

Microsoft Inc. (Nasdaq: MSFT) traded in 53,058,639 shares Thursday, just a shade below its daily average of 57,799,300. Prices for the software maker tailed off 1.5 percent to $28.11.

China Valves Technology Inc. (Nasdaq: CVVT) got beaten up 16.3 percent Thursday to $7.30. Volume for the stock was 2,744,317 shares or more than five times its full-day average. CVVT is a leading Chinese metal valve manufacturer, based in Zhengzhou.