Posts Tagged ‘NYSE’

HEV has momentum, S popular, BDSI headed to court

Tuesday, January 18th, 2011

Ener1 Inc. (Nasdaq: HEV) showed a lot of energy Tuesday, advancing 23.6 percent in price to $4.55. Volume was a hefty 18,108,331, 30 times its full-day volume average. The lithium-ion battery maker announced it is teaming up with Wanxiang Electric Vehicle Group Ltd. to manufacture batteries for the Chinese market.

Sprint Nextel Corporation (NYSE: S) had busy trade, with 39,063,758 shares changing hands Tuesday, catching up on a full-day average of 53,171,100. Prices for the stock settled 1.2 percent to $4.39. Sprint said Tuesday that starting Jan. 30 it plans to charge an extra $10 a month for all smartphones getting unlimited data.

BioDelivery Sciences International (Nasdaq: BDSI) fell 13.1 percent to $3.32. Volume for the stock was 447,487 shares, nearly triple its all-day average. BDSI was one of several companies named Tuesday in a patent infringement lawsuit by MonoSol Rx, LLC.

TRCI soars, GE active, LLEN loses

Tuesday, January 18th, 2011

Technology Research Corp. (Nasdaq: TRCI) saw its shares gallop ahead 29.7 percent in price to $5.06. Volume was 631,246, overwhelmed its full-day volume average of 11, 160. TRCI announced Tuesday it had received an unsolicited indication of interest from Coleman Cable in acquiring it at a price of $5.50 per share in cash.

General Electric (NYSE: GE) traded widely Tuesday, dealing in 39,864,600 shares Thursday, catching up on a full-day average of 56,587,000. Prices for the stock cooled 0.9 percent to $18.65, on word the FCC has greenlighted the bid by cable magnate Comcast to take over NBC Universal.

L & L Energy, Inc. (Nasdaq: LLEN) fell 11.1 percent to $8.35. Volume for the stock was 2,217,606 shares, just better than double its all-day average. LLEN promoted David Lin to acting Chief Financial Officer, effective today. Lin will replace Rosemary Wang who is stepping down due to family reasons, but will remain on as a consultant.

FTK jumps, AAPL reacts to Jobs news, BGP tanks

Tuesday, January 18th, 2011

Flotek Industries Inc. (NYSE: FTK) leaped 12.1 percent in price to $6.56. Volume was 1,892,503, nosing its full-day volume average of 1,451,310. The Houston-based FTK supplies drilling and production-related products to the mining and energy industries mining industries.

Apple Inc. (Nasdaq: AAPL) was active Tuesday, dealing in 49,819,895 shares Thursday, better than triple its full-day average. Prices for the stock sagged 2.2 percent to $340.89, on word CEO Steve Jobs is taking medical leave of absence.

Borders Group Inc. (NYSE: BGP) fell 13.2 percent to 92 cents. Volume for the stock was 6,837,874 shares, about three and a half times its all-day average, after reports surfaced over the weekend that the company has hired bankruptcy and restructuring lawyers.

LEE leaps, MRK trades widely, MCZ struggles

Tuesday, January 18th, 2011

Lee Enterprises Inc. (NYSE: LEE) leaped 14.9 percent in price to $3.31. Volume was 808,866, or better than twice its full-day volume average, on reports the company enjoyed 38-percent better ad revenue in its first fiscal quarter.

Merck & Company Inc. (NYSE: MRK) was active Tuesday, dealing in 36,816,766 shares Thursday, better than twice its full-day average. Share prices were off, though, 0.8 percent to $33.95. Merck is teaming up with Ariad Pharmaceuticals on a drug to target cancerous tumors of the soft tissue or bone.

Mad Catz Interactive Inc. (AMEX: MCZ) skidded 16.5 percent to 96 cents, while volume for the stock was 2,819,600 shares, more than four times its all-day average. MCZ designs, manufactures, markets, and distributes accessories for videogame platforms, personal computers (PC), and iPod and other audio devices.

ARIA leaps, BAC busy, HDY takes beating

Tuesday, January 18th, 2011

Ariad Pharmaceuticals Inc. (Nasdaq: ARIA) prospered 30.5 percent in price to $6.85. Volume was 10,153,861, or six times its full-day volume average, amid generally positive news in the drug sector.

Bank of America Corp. (NYSE: BAC) was an active trader Tuesday, dealing in 126,455,431 shares Thursday, compared to a full-day average of 228,170,000. Share prices were off, though, two percent to $14.95.

Hyperdynamics Corporation (AMEX: HDY) fell 16.9 percent Tuesday to $5.95. Volume for the stock was 7,220,720 shares, nearly five times its all-day average. Even so, experts point out that the shares are up more than an astonishing 500% over the past six months