Posts Tagged ‘Industrial Stocks’

LUNA shoots for the moon, S steady, SEMG sinks

Thursday, March 31st, 2011

Luna Innovations Inc. (Nasdaq: LUNA) shares gained 46.4% to $2.65, on volume of 2.7 million shares, trouncing a daily average around 20,000, after the molecular-technology provider agreed to extend a development agreement with Intuitive Surgical Inc. (Nasdaq: ISRG).

Sprint Nextel Corporation (NYSE: S) dealt in 35.1 million shares, making headway on a daily average of 64.8 million. Prices hiked 1% to $4.61.

SemGroup Corp. (NYSE: SEMG) shares were off 12.5% to $28.40, on volume of 4.2 million shares, towering over its average of 311,583, after the petroleum pipeline and storage provider reported losing $4.9 million in the fourth quarter.

MAKO climbs, INTC questionable, HRZ hurting

Thursday, March 31st, 2011

Mako Surgical Corp. (Nasdaq: MAKO) shares gained 11.4% to $23.89. Volume was 1.1 million shares, or nearly twice its daily average after the company said late Wednesday that it had an order for 11 surgery systems from Health Management Associations Inc. (NYSE: HMA)

Intel Corporation (Nasdaq: INTC) was a volume leader in early Thursday afternoon trading, dealing in 46.9 million shares, erasing the gap with its daily average of 59.2 million. Prices were 2.1% lower to $20.03, amid general weakness in the tech sector.

Horizon Lines Inc. (NYSE: HRZ) plummeted 25.9% in price to 94 cents, on volume of 5.4 million shares, nearly nine times its daily average, as the company contemplates bankruptcy.

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.

PPG flies higher, MU active, ALGN ailing

Wednesday, March 30th, 2011

PPG Industries Inc. (NYSE: PPG) shares rose 6.3% to $96.31, on volume of 3.5 million – triple its daily average — after the coatings manufacturer projected first-quarter earnings that topped Wall Street’s expectations.

Micron Technology (Nasdaq: MU) traded in 28.8 million shares, catching up on a daily average of 42.8 million shares. Prices for MU dragged 1.5% to $11.59.

Align Technology Inc. (Nasdaq: ALGN) shares fell 3.8% to $20.38, on volume of 2.3 million shares, triple its daily average, a day after the maker of a tooth-straightening product said it would pay $190 million for Cadent Holdings Inc.

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.