Posts Tagged ‘MAG’

IPCI aces, WFC busy, MAG ragged

Wednesday, January 19th, 2011

Intellipharmaceutics International (Nasdaq: IPCI) went higher 18 percent to close Wednesday at $6.04. Volume of 181,460 shares ran away from its full-day average of 27,753. IPCI is a pharmaceutical company specializing in the research, development and manufacture of novel and generic controlled release and targeted release oral solid dosage drugs.

Wells Fargo & Company (NYSE: WFC) dealt in 50,557,742 shares, topping its full-day average of 33,984,900. Share prices dropped, however, by 1.9 percent to $31.86. WFC posted net income attributable to common shareholders of $3.2 billion, or 61 cents per share, matching analyst expectations. Last year, profit of $394 million, or eight cents per share, was sharply reduced by preferred dividends paid under the government bailout.

Magnetek Inc. (NYSE: MAG) surrendered 15.4 percent Wednesday to $1.65. Volume of 271,367 shares more than doubled its average daily volume of 106,631. MAG, which provides digital power control systems North America, announced Wednesday it would release second-quarter financial numbers on Feb. 9.

MAG magnificent, F strong, WSCI slips

Wednesday, January 5th, 2011

Magnetek Inc. (NYSE: MAG) shot ahead 13.7 percent in price Wednesday to $1.58. Volume of 381,794 shares proved more than five times its all-day average. The company is a leading provider of digital power and motion control systems.

Ford Motor Company (NYSE: F) traded in 80,027,294 shares, to within spitting distance of its daily average. Prices for the stock gained 3 percent to $17.90. The car maker yesterday reported 2010 sales figures of 1.935 million units, up 19 percent from 2009.

WSI Industries Inc. (Nasdaq: WSCI) dropped 22.1 percent Wednesday to $5.10, on volume of 49,764 shares, eclipsing its full-day average of 30,152. Wednesday, the Company  reported quarterly sales of $5,528,000, a 29.9% increase versus the prior year amount of $4,254,000. Net income was $69,000 versus $163,000 in the prior year first quarter.