Posts Tagged ‘NYSE’

OXM soars, INTC does business, UTA sinks

Wednesday, March 30th, 2011

Oxford Industries Inc. (NYSE: OXM) shares climbed 28.8% to $32.21. Volume for the clothing brand manager topped 981,000, towering over an average of 121,151, after it reported late Tuesday fourth-quarter earnings that beat consensus estimates.

Intel Inc. (Nasdaq: INTC) traded in 22.9 million shares Wednesday, compared to a daily average of 58.7 million. Shares listed lower 0.2% to $20.24.

Universal Travel Group (NYSE: UTA) U.S.-listed shares fell 20% to $4.31, on volume of more than a million shares, compared to an average of 339,000. This, after the Chinese travel-services provider delayed its fiscal 2010 conference call and the release of its financial statements from Wednesday to an unspecified date.

CEPH, VRX could be a match, C clicks, ZZ bottoms

Wednesday, March 30th, 2011

Cephalon Inc. (Nasdaq: CEPH) shares surged 28.3% to $75.37, on volume of 25.2 million shares, towering over an average of 1.1 million, after Canadian drug manufacturer Valeant Pharmaceuticals International Inc. (NYSE: VRX) said it made an unsolicited offer valued at about $5.7 billion in cash to acquire the U.S. drug maker. Valeant’s shares climbed 8.9% to $48.27.

Citigroup Inc. (NYSE: C) was a volume leader early Wednesday, trading in 60.2 million shares, compared to a daily average of 487.3 million. C shares nipped up 0.7% to $4.48

Sealy Corp. (NYSE: ZZ) shares declined 4.3% to $2.66, on volume of 315,582 shares, closing in a daily average of 320,276, a day after the mattress maker unexpectedly reported a first-quarter loss.

SPEC takes flight, T tilting, GT punctured

Monday, March 28th, 2011

Spectrum Control Inc. (Nasdaq: SPEC) shares rallied 39.9% to $19.60. Volume was an incredible 3.2 million, given its usual volume around 73,000. This, after API Technologies Corp. said it would pay $20 a share for the electronic-products maker.

AT&T Inc. (NYSE: T) traded in 41.6 million shares, compared to an average of 27.9 million. Shares of T gained 1.8% to $29.38, as Sprint Nextel criticized T’s proposed takeover of rival T-Mobile USA.

Goodyear Tire & Rubber Co. (NYSE: GT) shares shed 5.6% to $14.58, on volume of 13.2 million – double its usual daily volume — after the tire maker said it is making a public offering of $435 million of mandatory convertible preferred stock.

IDSA in orbit, S vocal, CISG capsizes

Monday, March 28th, 2011

Industrial Services of America Inc. (Nasdaq: IDSA) shares gained 16.6% to $11.72. Share volume was 263, 718, trumping an all-day average of less than 52,000, after the waste manager reported a higher fourth-quarter profit from the year-ago period.

Sprint Nextel Corporation (NYSE: S) dealt in 43.9 million shares, catching up on its daily average of 62.2 million. Prices hiked 1.2% to $4.74, after the company spoke out against the acquisition of T-Mobile USA by rival AT&T.

CNinsure Inc. (Nasdaq: CISG) U.S.-listed shares were off 11.6% to $11.97. Share volume was 2.5 million, or more than four times its daily average, after the Chinese insurer and brokerage late Friday said it would sell Beijing Fanhau Datong Investment Management Co. Ltd. for nearly $64 million.

ALU spikes, SIRI serious, OTIV off-track

Monday, March 28th, 2011

Alcatel-Lucent SA (NYSE: ALU) shares added 7.7% to $5.75, on volume of 34 million shares, nosing out its average for the day, after the telecom-equipment stock was upgraded to buy from neutral by Goldman Sachs.

Sirius XM Radio Inc. (Nasdaq: SIRI) beamed out to stock traders Monday, dealing in 25.6 million shares by noon ET, compared to a full-day average of 53.7 million. Share prices subsided, though, by 0.6% to $1.71.

On Track Innovations (Nasdaq: OTIV) faded in price 12.3% to $2.21 Monday noon, on volume of nearly 489,000 shares, already outdoing its all-day average of 376,797. Monday, the company announced operating profit of $2.8 million of 2010.