Posts Tagged ‘nasdaq’

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NPS goes flying, F trades, ANR plummets

Monday, January 31st, 2011

NPS Pharmaceuticals Inc. (Nasdaq: NPSP) shares climbed 28.9 percent to $9.91, on volume of 4.1 million shares, or more than eight times its daily average, after it said a study yielded positive results on its drug candidate for a rare bowel condition.

Ford Motor Company (NYSE: F) was a volume leader Monday, trading in 61.3 million shares, rapidly catching up on a daily volume of 87.7 million. Prices, however, dipped one percent to $16.10, after Credit Suisse trimmed its price target by following the company’s 4Q10 earnings miss.

Alpha Natural Resources Inc. (NYSE: ANR) shares were off 7.3% to $53.70 on news over the weekend that it will acquire coal producer Massey Energy Co. (NYSE: MEE). Volume for ANR was 18.2 million shares, more than six times normal.

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Posted in Consumer Discretionary Stocks, Energy Stocks, Health Care Stocks | No Comments »

DEPO finds wings, C mushrooms, CHMP anything but champ

Monday, January 31st, 2011

Depomed Inc. (Nasdaq: DEPO) shares gained 30 percent to $8.11, on volume of 5.5 million shares, more than five times what it would trade during an average day, after the drug developer said late Friday that regulators approved its marketing of its treatment for shingles.

Citigroup Inc. (NYSE: C) held its usual place atop the volume ladder Monday, trading in 95.2 million shares. Its daily volume averages around 551 million. Share prices were up 1.4 percent at $4.76, after a portfolio manager for the Artio Global Equity Fund said the run in C shares is far from over.

Champion Industries Inc. (Nasdaq: CHMP) lost a bit of its grip early Monday, tumbling 7.8 percent to $1.78, on volume of 30,111 or nearly twice its full-day average, only days after reporting better results for 2010’s full year and last quarter. The West Virginia-based company announced net income of $0.5 million or $0.05 per share on a basic and diluted basis for the year ended October 31, 2010 compared to a net loss of $(27.5) million or $(2.76) per share on a basic and diluted basis for the year ended October 31, 2009.

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Posted in Financial Stocks, Health Care Stocks | No Comments »

PLD is a pro, GE shows sparks, XNY fades

Thursday, January 27th, 2011

ProLogis (NYSE: PLD) shares tacked on 7.4% to $15.79, on volume of 26.3 million, or four times its normal volume. The real-estate-investment trust is in talks to merge in an all-stock transaction, with AMB Property Corp.

General Electric (NYSE: GE) traded in 54.1 million shares Thursday, compared to a daily average of 59 million. Share prices gained 1.8 percent to $20.28.

China Xiniya Fashion Limited (NYSE: XNY) shares dropped 10.3 percent to $5.81. Volume was 616,609 shares, doubling its daily average.

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Posted in Consumer Discretionary Stocks, Financial Stocks, Technology Stocks | No Comments »

CCME jumps, YHOO busy, GHL red

Thursday, January 27th, 2011

China MediaExpress Holdings (Nasdaq: CCME) shares leaped 16 percent to $22.69. Volume was 4.3 million shares, compared to an average of 1.3 million, on speculation the company could be subject to a massive short squeeze after short sellers have piled into the stock assuming the company is a fraud.

Yahoo Inc. (Nasdaq: YHOO) traded in 28.1 million shares Thursday, compared to a daily average of 17.4 million. Share prices gained 4.2 percent to $16.22

Greenhill (NYSE: GHL) shares dropped 10.1 percent to $73.75. Volume was 1.3 million shares, towering over its daily average of 183,502, on weak Q4 profit.

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Posted in Consumer Discretionary Stocks, Financial Stocks, Technology Stocks | No Comments »

BSET comfortable, INTC trades, ICGN slumps

Thursday, January 27th, 2011

Bassett Furniture Industries, Inc. (Nasdaq: BSET) climbed 28.6 percent to $5.85. Volume was 151,374 or seven times its normal daily volume, on quarterly sales of $66.0 million as compared to $59.5 million the year before, an increase of 10.9%. The Company reported net income of $1.9 million, or $0.17 per share, as compared to net income of $2.6 million, or $0.22 per share in the prior-year quarter.

Intel Corporation (Nasdaq: INTC) traded in 28.1 million shares Thursday, building toward a daily average of 55.1 million. Share prices eked up 0.4 percent to $21.83.

Icagen Inc. (Nasdaq: ICGN) shares chucked 8 percent to $2.89 Thursday, on volume of 315,271 shares, trailing its daily average of 489,397.

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Posted in Consumer Discretionary Stocks, Health Care Stocks, Technology Stocks | No Comments »

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