Posts Tagged ‘NYSE’

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DV spreads wings, GE turns light on, SE mulls bids

Wednesday, January 26th, 2011

DeVry Inc. (NYSE: DV) shares hurtled skyward 13.3 percent to $53.66 Wednesday, on volume of nearly three million shares, or about triple its daily average, on quarterly profits jumped 22 percent over the same quarter last year and its revenue rose 17 percent.

General Electric Company (NYSE: GE) traded in 52.1 million shares Wednesday, just shy of its daily average of 58.8 million. Share prices crept up 0.2 percent to $20.02, as President Obama’s State of the Union address made reference to bolstering infrastructure, boosting companies like GE.

Sara Lee Corporation (NYSE: SLE) shares lost 6.3 percent to $18.40 Wednesday, on volume of 27.2 million shares, nearly four times its daily average. The Downers Grove, Illinois-based packaged food company appears to be weighing bids from two suitors, bids that could be made public as early as Friday.

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

ICGN up, MU down, XRS schooled

Wednesday, January 26th, 2011

Icagen Inc. (Nasdaq: ICGN) shares jumped 16.8 percent to $3.06 Wednesday, on volume of 1.1 million shares, better than double its daily average. Last week, the company was upgraded MLV Capital from “hold” to “upgrade”.

Micron Technology Inc. (Nasdaq: MU) bought and sold 26.7 million shares, just shy of its daily average of 33.9 million. Share prices inched up 0.4 percent to $10.01, on word of a downgrade from “neutral” to “negative” Tuesday by Avian.

TAL Education Group (NYSE: XRS) shares lost 6.7 percent to $12.17 Wednesday, on volume of 1.0 million shares, more than five times its daily average. The after-school tutoring services company reported a 47.7-percent increase in revenue, to $24.1 million in the quarter, as total student enrollment grew 25 percent .

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

PJC profit up, XRX copies, ELY dives

Wednesday, January 26th, 2011

Piper Jaffray Companies (NYSE: PJC) shares spiked 13.4 percent to $40.93, on volume of 442,658 shares, nearly five times its daily average. PJC Wednesday reported quarterly net income of $9.4 million, or 49 cents per share, down from $12.2 million, or 63 cents per share a year prior.

Xerox Corporation (NYSE: XRX) had a busy Wednesday, trading in 49.7 million shares, or five times its daily average. Share prices dropped 8.1 percent, however, to $10.41, on quarterly profits of $171 million, or 12 cents a share, down from $180 million, or 20 cents, in the year-earlier fourth quarter.

Callaway Golf Company (NYSE: ELY) shares retreated 5.9 percent to $7.22 Wednesday, on volume of 1.7 million shares, nearly triple its daily average. Tuesday, ELY posted a quarterly loss of $32.3 million, or 54 cents a share, compared with a loss of $18.2 million, or 29 cents a share a year ago.

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Posted in Consumer Discretionary Stocks, Financial Stocks | 1 Comment »

BKI makes bucks, MSFT dialed in, XIN goes south

Wednesday, January 26th, 2011

Buckeye Technologies Inc. (NYSE: BKI) shares spiked 18.1 percent to $24.94, on volume of 1.6 million shares, beating its daily average of 449,548, on strong quarterly earnings of $17.1 million, or 42 cents a share, on sales of $209.5 million. That compares to net income of $46.3 million, of $1.18 per share, on sales of $183.3 million, a year ago.

Microsoft Corporation (Nasdaq: MSFT) was among the volume leaders Wednesday, exchanging 45.7 million shares compared to a daily average of 57.9 million. Share prices improved 1.2 percent to $28.80, on news the software giant shipped two million Windows phones last quarter.

China Xiniya Fashion Inc. (NYSE: XNY) shares tumbled 11.7 percent to $6.50, on volume of 483,556 shares, nearly double its daily average, after renewing its sponsorship agreement with a leading pop star in China

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

BIOF busy, BAC in trouble, EK out of focus

Wednesday, January 26th, 2011

BioFuel Energy Corp. (Nasdaq: BIOF) shares improved 18.1 percent to $1.24, on volume of 384,014 shares, just outdistancing its daily average.

Bank of America Corp. (NYSE: BAC) exchanged 65.7 million shares Wednesday, compared to a daily average of 204.5 million. Share prices improved 0.3 percent to $13.67, after the bank was sued by mortgage investors over what they called “massive fraud”.

Eastman Kodak Company (NYSE: EK) shares tumbled 16.6 percent to $3.77, on volume of 35.5 million – four times its daily average — after EK reported its quarterly profit plunged 95 percent and revenue tumbled 25 percent on steep declines in its digital business as well as a drop in intellectual-property licensing revenue.

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

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