Posts Tagged ‘NYSE’

SWS goes into stratosphere, MSFT manages, NVTL goes lower

Wednesday, February 9th, 2011

SWS Group Inc. (NYSE: SWS) improved 36.8% to $5.87 Wednesday, on volumes of 2.2 million or about six times its normal volume, after the brokerage house struck a regulatory pact to fix its bank woes.

Microsoft Inc. (Nasdaq: MSFT) traded in 32.2 million shares Wednesday, closing in on its daily average of 56.8 million. Prices dipped 0.8% to $28.07, on announcing it’s promoting Senior Vice President Satya Nadella, who was instrumental in the launch of Bing search engine, to lead one of its fastest growing and most profitable divisions — the server and tools business.

Novatel Wireless Inc. (Nasdaq: NVTL) shares tumbled 14.9% to $6.29 Wednesday. Volume was 2.3 million shares, more than triple its full-day average, after an analyst lowered his investment rating on the broadband services provider, citing increasing competition.

RL wears well, MU trades more, MD has headaches

Wednesday, February 9th, 2011

Polo Ralph Lauren Corp, (NYSE: RL) stock rallied 9.7% to $127.00 Wednesday, on volumes of nearly 2.5 million or three times its normal volume, after the retailer delivered a $168.4-million U.S. profit — thanks to solid holiday season sales.

Micron Technology Inc. (Nasdaq: MU) traded in 33.1 million shares Wednesday, closing in on its daily average of 35.6 million. Prices dipped 1.1% to $11.32.

MediaMind Technologies, Inc. (Nasdaq: MDMD) shares tumbled 15.1% to $13.54 Wednesday. Volume was 172,646 shares, nearly triple its full-day average, a day after reporting quarterly revenues of $25.9 million, or 15% from the prior-year quarter.

PLAB conducts, WFC trades widely, CSC tumbles

Wednesday, February 9th, 2011

Photronics Inc. (Nasdaq: PLAB) shares rose 14.6% to $7.70, on volumes of 2.1 million shares, compared to a daily average of 558,130 after the maker of semiconductor gears on Wednesday bolstered its first-quarter outlook.

Wells Fargo and Company (NYSE: WFC) traded in 41.8 million shares Wednesday, trumping its daily average of 30 million. Prices dipped 3% to $33.09, after the bank’s CFO left.

Computer Sciences Corporation (NYSE: CSC) shares tumbled 14% to $48.64 Wednesday. Volume was 6.5 million shares, towering over a full-day average of 1.2 million shares, after the company cut its earnings-per-share and revenue forecasts for the full fiscal year.

DSW does it, CSCO steady, SMSI slumps

Wednesday, February 9th, 2011

DSW Inc. (NYSE: DSW) shares gained 16.5% to $42.21, on volume of 1.4 million shares, or nearly five times its all-day average, after the shoe seller late Tuesday said it would buy Retail Ventures Inc. (NYSE: RVI) , its largest shareholder, in a merger that DSW said would reduce outstanding shares. RVI shares flew 13.6% to $18.11.

Cisco Systems Inc. (Nasdaq: CSCO) traded in 34.7 million shares Wednesday, hunting down its daily average of 74.1 million. Prices nipped up 0.5% to $22.10. CSCO reports after the bell today.

Smith Micro Software Inc. (Nasdaq: SMSI) shares tumbled 36.5% to $8.29 Wednesday. Volume was 7.3 million shares, towering over a full-day average of 491,000 shares, after the company suspended its new year forecast.

XETA skyward, BAC busy, MOTR motors in reverse

Wednesday, February 9th, 2011

Xeta Technologies Inc. (Nasdaq: XETA) shares galloped 40.9% to $5.41. Volume for the stock was 484,833 shares, compared to an all-day average of 14,000, after the announcement that Paetec Corporation was to purchase XETA for $61 million.

Bank of America Corp. (NYSE: BAC) traded in 33.8 million shares Wednesday, pursuing its average of 192.4 million. Prices faded 0.3% to $14.56

Motricity Inc. (Nasdaq: MOTR) shares were off 23.3% to $16.90 Wednesday. Volume was 7.8 million shares, waltzing over a full-day average of 1.3 million, after the provider of wireless-data services projected first-quarter sales beneath analysts’ estimates late Tuesday.