Posts Tagged ‘nasdaq’

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.

TTMI leads, SIRI gets message out, SBAY sags

Thursday, January 13th, 2011

TTM Technologies Inc. (Nasdaq: TTMI) picked up 21.3 percent to $17.74. Volume was 3,259,558, or six times its full-day volume average. Both sales and earnings are projected to beat the original guidance and Street estimates when TTM files a proper report in mid-February.

Sirius XM Radio Inc. (Nasdaq: SIRI) dealt in 42,276,233 shares Thursday, making it a volume leader, but still below its daily average of 56,223,200. Prices for SIRI fell 1.9 percent to $1.53. SIRI is a satellite radio company, broadcasting more than 135 channels of commercial-free music, and premier sports, news, talk, entertainment, traffic, weather, and data services to more than 20 million subscribers in cars, trucks, boats and aircraft, and through a wide range of mobile devices.

Subaye Inc. (Nasdaq: SBAY) fell 11.1 percent in price Thursday to $13.00.Volume for the stock was 290,587 shares. SBAY is a leading online business services provider in China engaged in enterprise cloud computing, video marketing and business to consumer (B2C) online solutions.

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.

SSN rises, F gets a jolt, LOOK down

Thursday, January 13th, 2011

Samson Oil and Gas Ltd. (AMEX: SSN) shares gained 22.6 percent to $1.90 early Thursday afternoon. Volume was 3,082,016, or more than five times its full-day volume average. The Australia-based SSN’s principal business is the exploration and development of oil and natural gas properties in the United States

Ford Motor Company (NYSE: F) traded in 65,058,288 shares Thursday, catching up to its daily average of 82,882,200. Prices for the car maker were up 0.6 percent to $18.82. F announced Thursday its Focus Electric will offer an innovative home charging station for customers that delivers several benefits for a convenient and simple experience. The unit was jointly developed with Leviton, a leading North American producer of electrical devices.

LooKSmart Ltd. (Nasdaq: LOOK) fell 13.7 percent Thursday to $1.70. Volume for the stock at 612,508 shares proved 11  times its full-day average. Thursday, LOOK projected fourth-quarter revenues in the range of $9.7 million to $9.9 million, Net income for the fourth quarter of 2010 is expected to be in the range of $0.0 million to $0.1 million.