Posts Tagged ‘nasdaq’

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BGP smashes borders, CSCO trades widely, PTN stumbles

Monday, December 6th, 2010

Borders Group Inc. (NYSE: BGP) leaped 25.93 percent late Monday morning to $1.36. Volume of 4,417,506 shares proved five times its normal full-day average volume. Headquartered in Ann Arbor, Mich., through its subsidiaries BGP is a leading specialty retailer of books as well as other educational and entertainment items

Cisco Systems (NasdaqGS: CSCO) was among the volume leaders late Monday morning, trading in 34,577,264 shares, making headway against its full-day average, which is near 69,622,200. CSCO share prices progressed 2.46 percent to $19.54. CSCO and BMC Software today announced a strategic alliance to develop and market new solutions for large-scale multi-tenant cloud computing infrastructures.

Palatin Technologies Inc. (AMEX: PTN) slid in price 17.13 percent Monday to 87 cents, on volume of 63,151 shares, nosing out its full-day average in just the first two hours. PTN is a biopharmaceutical company dedicated to the development of peptide, peptide mimetic and small molecule agonists with a focus on melanocortin and natriuretic peptide receptor systems.

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

VRGY leaps, C busy, LTXC fades

Monday, December 6th, 2010

Verigy Ltd. (NasdaqGS: VRGY) improved 30.42 percent in Monday’s first hour to $11.92. Volume of 6,269,040 shares easily outdistanced its normal full-day average volume of 846,028. VRGY, which makes semiconductor test equipment, this morning said it received an unsolicited $12.15-a-share cash acquisition bid from Advantest

Citigroup (NYSE: C) assumed its place among the volume leaders early Monday morning, trading in 134,580,936 shares, its full-day average around 464,320,000. Share prices backtracked, however, 0.11 percent to $4.45.

LTXCredence Corp. (NasdaqGM: LTXC) gave back 16.8 percent in price Monday to $7.03, on volume of 1,523,632 shares, nearly doubling its full-day average in just the first hour. The global provider of ATE solutions weighed in this morning on the prospective Adventest-Verigy deal, believe that it, LTXCredence, would be a better fit for Verigy.

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Posted in Financial Stocks, Industrial Stocks, Technology Stocks | No Comments »

MTSL mounts charge, MSFT solid, AWR takes on water

Thursday, December 2nd, 2010

MER Telemanagement Solutions Ltd. (NasdaqCM: MTSL) improved 32.04 percent in price to $2.72 as Thursday’s session wound down. Volume of 153,319 shares was twice-and-a-half MTSL’s normal full-day average volume. The company is an Israel-based global provider of business support systems (BSS) for comprehensive telecommunication management, telecommunications expense management (TEM) solutions and customer care & billing (CC&B) solutions

Microsoft Corporation (NasdaqGM: MSFT) was among the volume leaders late Thursday afternoon, trading in 74,178,631 shares, outpacing its full-day average of 57,943,600. MSFT shares inched up 3.19 percent to $26.87. Thursday, Norton Healthcare announced it had entered into an agreement with Microsoft Corp. to use its health solutions platforms, Microsoft Amalga Unified Intelligence System (UIS) and Microsoft HealthVault

American States Water Company (NYSE: AWR) lost 8.40 percent in price Thursday to $34.13, on volume of 414,085 shares, or nearly five times its full-day average. Through its subsidiaries, AWR provides water service to approximately 256,000 Californians and to over 13,000 customers in, Arizona.

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GMAN is good, GE gains, CIS subsides

Thursday, December 2nd, 2010

Gordmans Stores. Inc. (NasdaqGS: GMAN) improved 17.27 percent in price to $15.96 in afternoon trading Thursday. Volume of 192,316 shares easily doubled its normal full-day average volume. The Omaha-based apparel and home décor retailer Wednesday announced third-quarter net income increased 10.7% over Q3 2009 to $4.3 million.

General Electric (NYSE: GE) generated a lot of volume Thursday afternoon, trading in 41,587,505 shares, but less its full-day average of 57,943,600. GE shares inched up 1.78 percent to $16.59.

Camelot Information Systems (NYSE: CIS) lost 9.60 percent in price Thursday to $22.31, on volume of 518,555 shares, or nearly twice its full-day average. CIS is a leading domestic provider of enterprise application services and financial industry information technology services in China.

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

FNSR sings in Q2, CSCO trades widely, CLWR murky

Thursday, December 2nd, 2010

Finisar Corporation (NasdaqGS: FNSR) spiked 16.24 percent in price to $22.98 in afternoon trading Thursday. Volume of 6,927,403 shares easily doubled its normal full-day average volume and then some. The Sunnyvale, Calif.-based maker of optical networking equipment posted stronger-than-expected Q2 results for its fiscal second quarter thanks to growing demand. Its adjusted earnings of 44 cents per share sailed past Wall Street’s expectations of 38 cents, and its revenue of $240.9 million — a 65 percent increase from last year — also handily beat forecasts.

Cisco Systems Inc. (NasdaqGS: CSCO) did a fine business Thursday afternoon, dealing in 74,497,156 shares, surpassing its full-day average of 69,038,800. CSCO shares slid, however, 0.67 percent to $19.19.

Clearwire Corporation (NasdaqGS: CLWR) jettisoned 11.14 percent in price Thursday to $6.06, on volume of 5,948,322 shares, or more than twice its full-day average. The Kirkland, WA-based CLWR announced plans Thursday to sell more than $1.1 billion in debt after months of negotiations to stave off a looming funding gap as it spends billions on building a new wireless network.

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