Posts Tagged ‘nasdaq’

PCLN beams up, CSCO deals, SLXP sliced and diced

Thursday, February 24th, 2011

Priceline.com Inc. (Nasdaq: PCLN) shares were up 7.1% to $456.11, on share volume of 2.9 million shares, or three times its average, a day after the online travel-booking service said its fourth-quarter net income rose 73%.

Cisco Systems Inc. (Nasdaq: CSCO) was among volume leaders Thursday, particularly among tech stocks, by trading in 30.6 million shares, nearly half its all-day average of 71.9 million. Prices for CSCO were flat at $18.39

Salix Pharmaceuticals Inc. (Nasdaq: SLXP) stumbled in price to 22.8% to $32.01 Thursday, on share volume of 8.9 million, more than 10 times its daily average, after the Raleigh company said that the FDA wasn’t ready to approve one of its drug candidates without more information.

PPO revs, F rolls off lot, IDCC idles

Thursday, February 24th, 2011

Polypore International Inc (NYSE: PPO) shares climbed 16.8% to $57.85, on share volume of 746,000, already beating an all-day average of 554,000, after the battery-component manufacturer forecast better-than-expected first-quarter earnings late Wednesday.

Ford Motor Company (NYSE: F) proved a volume leader in early trading Thursday, dealing in 36.8 million, nearly half its all-day average of 80.1 million. Prices for F fell 1.5% to $14.64.

InterDigital, Inc. (NASDAQ: IDCC) tumbled 8.2% to $48.76, on share volume of 2.2 million, more than double its daily average, after it announced that its patent holding subsidiaries have previously entered into a worldwide, non-transferable, non-exclusive, royalty-bearing patent license agreement with SII Mobile Communications Inc., a subsidiary of Seiko Holdings Corporation, headquartered in Japan.

NTES shows knack, BAC backtracks, JACK shows cracks

Thursday, February 24th, 2011

NetEase.com Inc. (Nasdaq: NTES) U.S.-listed shares rose 7.2% to $45.95, on share volume of 1.9 million, nearly triple its full-day average, after the Chinese provider of online games reported a fourth-quarter profit that beat Wall Street estimates late Wednesday.

Bank of America Corporation (NYSE: BAC) traded in 51.9 million shares before noon ET Thursday, catching up on an all-day average of 186.7 million. BAC prices dropped 1.9%, though, to $13.90.

Jack in the Box Inc. (Nasdaq: JACK) shares fell 5.8% to $21.95, on volume of 614,000, already outdistancing its daily average of around 541,000, a day after the fast-food chain reported its quarterly results and updated guidance for the year.

MTZ mounts scale, C sells, ETFC backs off

Thursday, February 24th, 2011

MasTec Inc. (NYSE: MTZ) shares gained 12.8% to $18.02, on share volume of 1.2 million, or double its all-day average, a day after the utility contractor projected full-year earnings that topped market forecasts.

Citigroup Inc. (NYSE: C) dealt in 135 million shares early Thursday, pursuing an all-day average of 551 million. Prices for C faded 0.7% to $4.66.

E-Trade Financial Corp. (Nasdaq: ETFC) shares shed 4.7% to $15.86. Volume was 10.7 million shares, or nearly four times its full-day average, after the online brokerage said its biggest shareholder and bondholder planned to cut its holdings in E-Trade to less than 20%.

MXC jumping, YHOO busy, SBAY subdued

Wednesday, February 23rd, 2011

Mexco Energy Corporation (AMEX: MXC) shares surged 37.7% to $12.74, on share volume of more than 428,000 shares, compared to a daily average around 2,800.

Yahoo! Inc. (Nasdaq: YHOO) traded Wednesday in 34.6 million shares, nearly doubling its daily average. Prices for YHOO inched back 1.9% to $16.58, amid speculation in some circles that the stock is trading at half of what it should be.

Subaye Inc. (Nasdaq: SBAY) subtracted 12.2% to $7.20 Wednesday, on share volume of nearly 179,000, beating its daily average of about 129,000, a day after announcing it would need more time to file its quarterly results with the SEC.