Posts Tagged ‘nasdaq’

IIIIU flies, SIRI flies off shelves, ONP takes bruising

Monday, November 15th, 2010

Information Services Group Inc. (NasdaqGM: IIIIU) ballooned in price Monday by 66 percent to $4.27. Volume in IIIIU shares was 188,589, its three-month daily average not available at press time. The industry-leading, information-based services company is based out of Stamford, Ct.

Sirius XM Radio Inc. (NasdaqGM: SIRI) traded in 72,707,864 shares Monday, just short of its daily average of 74,926,100. SIRI shares skidded 2.46 percent, though, to $1.38. General Electric purchased two million shares of Sirius XM common stock last quarter.

Orient Paper Inc. (AMEX: ONP) took a pasting in late trading Monday, dropping 25.67 percent in price to $4.75. Volume was 2,063,827 shares, more than six times its normal daily average. ONP filed its quarterly report Monday.

DYP surges, LVLT busy in trading, TRIT drops

Monday, November 15th, 2010

Duoyuan Printing Company (NYSE: DYP) picked up 8.15 percent in price late Monday to $2.92. Volume was 1,000,507 shares, trumping its usual volume around 700,000.

Level 3 Communications Inc. (NasdaqGS: LVLT) traded in 43,562,750 shares Monday, compared to its usual trading volume of 30,782,200. LVLT stock gained 2.19 percent to $1.165. LVLT today announced that it has signed an agreement with the National Museum of American Jewish History, a Philadelphia-based museum dedicated to chronicling the American Jewish experience, to provide the museum with dedicated Internet access (DIA) service in support of the museum’s new interactive digital exhibits and online content.

Tri-Tech Holding. Inc. (NasdaqGS: TRIT) took a tumble of 23.19 percent in price late Monday to $9.77. Volume in TRIT was 568,717 shares, or about seven times its normal daily average. The Chinese company that provides leading turn-key solutions for water resources, water and wastewater treatment, industrial safety and the pollution control markets, announced today that revenue for the third fiscal quarter ended September 30, 2010increased 244% to $16.9 million from $4.9 million in Q3 2009. Net income for the quarter was $2.2 million, or a 109% improvement over net income of $1.1 million in Q3 2009.

FTK runs, CSCO does brisk business, MMYT tagged on taxes

Monday, November 15th, 2010

Flotek Industries Inc. (NYSE: FTK) galloped ahead 9.7 percent to $2.94. Volume was 1,511,761 shares, or triple its daily average in volume. Houston-based FTK manufactures and markets innovative specialty chemicals, downhole drilling and production equipment, and manages automated bulk material handling, loading and blending facilities.

Cisco Systems Inc. (NasdaqGS: CSCO) engaged in share volume of 79,993,770 in mid-afternoon trading Monday, climbing over its daily average of 67,017,800. CSCO stock skidded, though, by 0.62 percent in price to $20.02. The San Jose-based software giant announced Monday it will host a live Cisco TV broadcast and Q-and-A session to discuss what organizations need to consider as they transition to IPv6, a version of the Internet Protocol that is designed to succeed the current IPv4 protocol.

MakeMyTrip Limited (NasdaqGM: MMYT) got bruised in mid-afternoon trading Monday, losing 23.25 percent in price to $29.28. MYMT volume was 2,008,990 shares, or four times its daily average. The Indian travel company reported weak quarterly results and said it received a demand of service tax from regulators. For the second quarter, MakeMyTrip reported an adjusted profit of two cents a share in line with analysts view, according to Thomson Reuters I/B/E/S. Excluding service costs, revenue totalled $12.9 million, below estimates of $13.7 million.

AIB reacts to EU speculation, BAC deals widely, RINO slumps on profit news

Monday, November 15th, 2010

Allied Irish Banks, PLC (NYSE: AIB) pumped stronger in price by 10.10 percent approaching midday in New York, to $1.14. Volume in this stock 3,451,782 shares, just shy of its three-month daily average of 4,945,550 shares.  Shares of Allied Irish picked up as speculation increases Ireland will get some sort of bailout from the European Union.

Bank of America Corp. (NYSE: BAC) proved quite the active stock in Monday morning trading, exchanging 46,667,839 shares. Normal daily share volume is around 194,841,000. BAC shares gained 0.99 percent in price to $12.25. BAC said Monday 30-day- plus credit-card delinquencies fell to 5.60 percent in October from 5.71 percent in September. Write-offs rose to 10.15 percent from 9.99 percent on an annualized basis. The information was disclosed in a regulatory filing.

RINO International Corporation (NasdaqGS: RINO) listed downward 23.07 percent by midday Monday in New York to $8.47. Volume of 3,408,627 more than quadrupled its 3-month average for an entire day. The clean energy company reported net income was $8.8 million, or 31 cents a share, compared with $17.1 million, or 68 cents a share, last year. Revenue fell 17 percent to $52.1 million.

BUCY jumps on M&A news, F sells on Focus news, THOR skips a beat

Monday, November 15th, 2010

Bucyrus International Inc. (NasdaqGS: BUCY) exploded in price 28.67 percent to $89.58 Monday morning. Its pre-noon volume of 18,060,713 shares dwarfs its full-day average high of 1,896,260.  The jump comes on word that Caterpillar, the world’s largest maker of mining and construction equipment, is making a try for a $8.6-billion acquisition of Bucyrus International, a maker of draglines, drill, shovels and other equipment used by coal miners.

Ford Motor Company (NYSE: F) was among the volume leaders Monday morning, dealing in 83,650,404, surpassing the car maker’s average daily volume.  The shares price hiked 4.23 percent to $16.99. Ford announced Monday that it will introduce the battery-powered Focus compact, its first all-electric passenger car, in 19 U.S. cities in late 2011.

Thoratec Corp. (NasdaqGS: THOR) headed south in price 19.22 percent as Monday’s clock approached noon to $25.00. Volume was 7,367,749 shares, better than seven times its daily average.  The Pleasanton, Calif.-based heart device maker made news last week in announcing it was selling its diagnostic test business to private equity firm Warburg Pincus LLC for $55 million.