Posts Tagged ‘NYSE’

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LEDS enjoys hearty IPO, BAC sells widely, OXM slides

Thursday, December 9th, 2010

SemiLEDS Corp. (NasdaqGS: LEDS) climbed 47.88 percent in price Thursday to $25.14. Volume was 3,659,012 shares, upon its IPO Thursday. The Hawaii-based developer and manufacturer of LED chips and LED components, announced today the pricing of its initial public offering of 5,250,000 shares of its common stock, at $17.00 per share.

Bank of America Corp. (NYSE: BAC) traded in 126,328,133 shares, making it a leader in volume, against its full-day average of 204,999,000. Shares progressed 2.58 percent to $12.31. Financial executives at U.S. companies expressed more optimism that their businesses will hire employees and see revenue growth in 2011, according to a recent Bank of America Merrill Lynch survey. Of the 801 executives surveyed in the bank’s annual CFO Outlook, 47 percent said they expect their companies to hire additional employees next year, up from 28 percent who forecast hiring last year.

Oxford Industries Inc. (NYSE: OXM) dipped in price 16.11 percent Thursday to $23.23, on volume of 402,535 shares, very nearly four times its full-day volume average. Atlanta-based Oxford Industries, Inc. Wednesday announced third quarter diluted net earnings per share were $0.33 compared to $0.26 in the third quarter of fiscal 2009.

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

FRC scores big in IPO, C sells briskly, SDTH staggers

Thursday, December 9th, 2010

First Republic Bank (NYSE: FRC) was among the price champions early Thursday, strengthening 95.99 percent in price to $27.34. Volume was 4,503,158 shares, upon its IPO Thursday. First Republic Bank had $22 billion in total assets as of June 30 and its wealth management assets totaled $17.2 billion.

Citigroup Inc, (NYSE: C) traded in 275,979,360 shares, making it a leader in volume, making loads of headway against its daily average of 517,995,000. Shares hiked 0.97 percent to $4.68. Citi today announced that it has hired Benjamin Poor as Manager of Market Intelligence for the Securities and Fund Services (SFS) unit within Global Transaction Services.

Shengdah Tech, Inc. (NasdaqGS: SDTH) tumbled in price 16.01 percent Thursday to wind up at $5.14, on volume of 570,864 shares, better than triple its full-day volume average. The leading manufacturer of nano-precipitated calcium carbonate in China, today announced that it intends, subject to market and other conditions, to offer an aggregate of $90.0 million of senior convertible notes due 2015 in a private offering.

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NYSE Financial Stocks Climb: LNC, USB, BK

Wednesday, December 8th, 2010

Lincoln National Corporation (NYSE: LNC) climbed 7.18 percent, adding $1.82 to reach $27.16 in late afternoon trading Wednesday. Volume for the Pennsylvania-based company of 9,532,020 was more than double the three month daily average of 4,293,020.

US Bancorp (NYSE: USB) tacked on 3.08 percent to $25.13 as the day came to a close, although volume of 10,430,000 was still short of the company’s daily average of 14.3 million. US Bancorp announced at the Goldman Sachs conference that it is looking to restart dividends in early 2011.

The Bank of New York Mellon Corp (NYSE: BK) added 55 cents, or 1.96 percent to reach $28.69 nearing the bell Wednesday. Volume of 5,220,000 was short of the three month daily average of 8,680,000.

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ARMH way up, WEN slides, PM stumbles

Wednesday, December 8th, 2010

ARM Holdings, plc (Nasdaq: ARMH) went skyward nearly 70 percent in afternoon trading, tacking on 13 cents to $19.06. Volume of 1,321,476 was still quite shy of the company’s three month daily average of 3,338,070. The UK-based ARMH designs microprocessors, physical intellectual property (IP), and related technology and software.

Wendy’s/Arby’s Group, Inc. (NYSE: WEN) took a pummeling Wednesday, losing 1.23 percent to trade at $4.80. Volume of 2,822,044 is closing in on the fast-food maker’s three month daily average of 4,078,760.

Philip Morris International, Inc (NYSE: PM) dropped .08 percent to $59.35 late Wednesday, on volume of 4,472,800, which is slightly more than half of the tobacco maker’s daily average. This morning, the Board of Directors of Philip Morris International Inc. declared a regular quarterly dividend of $0.64 per common share.

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MGN mighty, GE does bright business, ACMR falters

Monday, December 6th, 2010

Mines Management Inc, (AMEX: MGN) strengthened 24.31 percent in price to $3.58. Volume of 704,193 shares trounced the stock’s normal full-day average volume of 118,542. Last week, the Spokane-based MGN announced it closed out the quarter with $7.4 million of unrestricted cash and certificates of deposit.

General Electric Company (NYSE: GE) traded in 58,589,131 shares, making it a leader in volume, edging its daily average. Shares in GE inched down 0.48 percent to close Monday at $16.70. GE today announced that it will provide gas turbine technology to Mass Global Investment Company, an independent power producer, to help meet northern Iraq’s growing demand for electricity. Under the agreement, GE will supply three Frame 9E gas turbines and generators for the 375-megawatt expansion of the Arbil Power Plant, located in Iraq’s Kurdistan region.

A.C. Moore Arts & Crafts Inc. (NasdaqGS: ACMR) faded in price 12.86 percent Monday afternoon to wind up at $1.93, on volume of 354,971 shares, seven times its daily volume average. ACMR is a specialty retailer of arts, crafts and floral merchandise for a wide range of customers.

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