Posts Tagged ‘NYSE’

LTON climbs, BAC busy, SCMR slips

Wednesday, December 1st, 2010

Linktone Ltd. (NasdaqGM: LTON) spiked in price 29.79 percent to $1.83 Wednesday. Volume of 1,462,072 shares rolled over its normal daily volume of 22,877. The Chinese wireless interactive entertainment service provider announced Wednesday that its GAAP net income stood at $600,000 U.S. in the third quarter of this year, up from $100,000 U.S. in Q2, but down from the $700,000 U.S. in Q3 2009.

Bank of America Corp. (NYSE: BAC) did brisk business Wednesday, trading 119,934,419 shares, quickly closing in on its daily average volume of 198,958,000. BAC shares nipped ahead in price 0.78 percent to approach noon at $11.02. Bank of America Merrill Lynch today announced the composition and weights for the 2011 Merrill Lynch Commodity index eXtraSM. The MLCX is designed to provide a liquid benchmark for commodity market performance, tracking liquid and cost efficient investments.

Sycamore Networks Inc. (NasdaqGS; SCMR) saw its share prices fall Wednesday morning by 14.49 percent to $25.67. Share volume of 1,024,435 shares nearly quadrupled the stock’s full-day, three month average. The bandwidth solutions company reported quarterly financials Wednesday Revenue for the first quarter of fiscal 2011 was $11.7 million, compared with $15.6 million for the first quarter of fiscal 2010. Net loss for the first quarter of fiscal 2011, on a generally accepted accounting principles (“GAAP”) basis, was $6.5 million, or $0.23 per share, compared with a GAAP net loss of $10.4 million, or $0.37 per share for the first quarter of fiscal 2010.

MIGP soars, C does brisk trade, APWR loses some power

Wednesday, December 1st, 2010

Mercer Insurance Group Inc. (NasdaqGM: MIGP) jumped in price 47.93 percent to open trading Wednesday at $27.88. Volume of 340,855 squashed its normal daily voume of 4,312. Kendall Law Group announced Wednesday it is investigating Mercer Insurance Group, Inc. for shareholders in connection with the proposed acquisition by United Fire & Casualty Company. The national securities firm’s investigation seeks to determine whether Mercer Insurance Group and its Board breached their fi

Citigroup Inc. (NYSE: C) was the volume leader in early trading Wednesday, exchanging 154,660,124 shares, rapidly catching closing in on its daily average volume of 465,835,000. Citigroup shares were 2.02 percent more expensive at $4.28.

APower Energy Generation Systems Ltd. (NasdaqGS: APWR) saw its share prices fall Wednesday morning by 27.99 percent to $4.58. Early share volume of 3,099,954 shares more than tripled the stock’s full-day average. The Chinese-based power company reported Wednesday revenues decreased 40.7% to $57.3 million from $96.6 million in the third quarter 2009. Gross profit decreased 2.5% to $12.3 million in the third quarter from $12.6 million in the third quarter 2009.

GSL sets sail, CSCO does great volume, AONE falls

Monday, November 29th, 2010

Global Ship Lease INC. (NYSE: GSL) picked up 11.76 percent in price Monday afternoon to $5.13. Volume of 718,804 shares was more than three times its three-month average share volume. GSL is a London-based a containership charter owner.

Cisco Systems Inc. (NasdaqGS: CSCO) traded in 42,850,648 shares Monday, to be one of the leaders in volume, although shy of  its three-month average share volume of around 71.1 million. Prices for CSCO hovered around $19.39, or 0.51 percent down from Friday. The San Jose-based Cisco claims to be the worldwide leader in networking.

A123 Systems Inc. (NasdaqGM: AONE) dropped 9.76 percent Monday afternoon to $7.87. Volume of 3,658,415 shares proved nearly double its usual three-month average share volume of 2.08 million. The Watertown, Mass.-based AONE is a developer and manufacturer of advanced Nanophosphate™ lithium ion batteries and systems

ENA races ahead, IRE overpowers share average, NOAH sinks

Monday, November 29th, 2010

Enova Systems Inc. (AMEX: ENA) picked up 22.55 percent in price Monday afternoon to $1.25. Volume of 180,330 shares was nearly four times its three-month average share volume. ENA is a production company in an emerging industry and a leading developer of proprietary electric, hybrid and fuel cell digital power management systems.

Bank of Ireland (NYSE: IRE) did brisk business Monday, trading in 29,498,405 shares, dwarfing its three-month average share volume of 6.2 million. Prices jumped 20.83 percent to $1.71, in the aftermath of the E.U. move to bail out Irish banks.

Noah Holdings Ltd. (NYSE: NOAH) dropped by 8.04 percent Monday afternoon to $16.92. Volume of 352,300 shares was a pittance compared to its usual three-month average share volume of 1,377,410. Shanghai-based NOAH provides investment advisory and wealth management services.

LEI takes off, F in drive, DEXO backpedals

Monday, November 29th, 2010

Lucas Energy Inc. (AMEX: LEI) surged 34.52 percent in price Monday afternoon to $2.65. Volume of 1,011,650 shares proved more than seven times its three-month average share volume. The Houston-based independent oil and gas company provided an internal management update based upon its revised Eagle Ford potential reserves.

Ford Motor Company (NYSE: F) was among late Monday’s volume leaders, trading in 32,426,966 shares, still quite short of its three-month average share volume of 82,101,100. Prices were down 0.99 percent to $15.94 U.S. automobile sales in November may almost match the fastest pace this year as demand for domestic manufacturers’ trucks and sport-utility vehicles rose.

Dex One Corporation (NYSE: DEXO) fell in price Monday afternoon by 15.45 percent to $4.65. Volume was 684,224 shares, or more than double its three-month average share volume. The Dex One interactive operations are based in Santa Monica, Calif., and are responsible for developing online and mobile solutions that distribute local business information to consumers.