Posts Tagged ‘NYSE’

GTN spikes, RF has great volume, WSM stumbles

Thursday, November 18th, 2010

Gray Communication Systems (NYSE: GTN) improved in price by 11.58 percent in Thursday afternoon trade to $1.70 Volume of 425,772 shares proved nearly double the stock’s three-month daily average. Atlanta-based GTN is a television broadcast company, operating 36 television stations serving 30 markets.

Regions Financial Corporation (NYSE: RF) did brisk trade Thursday afternoon, with 73,128,272 shares changing hands, quadruple its usual daily volume of 18,752,300 shares. RF shares trailed Wednesday’s close by 3.43 percent to $5.35.

Williams-Sonoma Inc. (NYSE: WSM) fell in price Thursday by 8.13 percent to $32.89. Volume of 7,246,547 shares more than tripled usual daily volume of 2,129,680 shares. WSM Thursday announced third-quarter Net revenues increased 11.8 percent to $816 million versus $729 million in the third quarter of fiscal 2009. GAAP Diluted Earnings per share increased to $0.34 from $0.07 in Q3 ’09.

LTX has credence, BAC active, ALOT sinks,

Thursday, November 18th, 2010

LTX-Credence Corporation (NasdaqGM: LTXC) galloped ahead 31.10 percent in price by noon ET Thursday to $7.84. Volume of 6,628,004 shares trumped the stock’s three-month daily average of 531,400. Thursday, it was announced that LTXC was being investigated in connection with the proposed acquisition by Verigy. The probe seeks to determine whether LTXC and its Board breached their fiduciary duties by entering into the agreement without properly shopping for a deal that would provide better value for shareholders.

Bank of America (NYSE: BAC) did a brisk trade by midday Thursday, with 80.3 million shares changing hands, against its usual daily volume of 259,370,000 shares. BAC shares nipped ahead 0.65 percent Thursday in price to $11.69. It was announced Thursday that BAC ranked number one among all banks in the amount of credit extended through the U.S. Small Business Administration’s 504 loan program during the last fiscal year.

AstroMed Inc. (NasdaqGM: ALOT) fell in price early Thursday by 9.4 percent to approach noon at $6.65. Volume of 63,500 shares trounced its usual daily volume of 2,998 shares. The Rhode Island-based ALOT reported this week net sales of $18,329,000 and net income of $792,000 for the third quarter of 2010, compared to net sales of $16,658,000 and net income of $683,000.

Irish theme continues with AIB, F in gear, HEAT cools

Thursday, November 18th, 2010

Allied Irish Banks (NYSE: AIB) gained 9.26 percent in price in early trading Thursday to $1.18. Volume of 3,292,252 shares rapidly approached the stock’s three-month daily average of 5,221,820. AIB announced Thursday that it will issue an Interim Management Statement during the day on Friday, November 19.

Ford Motor Company (NYSE: F) shares flew off the shelves Thursday near noon, with volume of 109,785,493 shares towering over its usual daily volume of 77,227,800. Shares slid 1.95 percent Thursday, however, to $16.35. The carmaker currently the top shareholder in Mazda Motor Corp. announced Thursday that it will sell about 70% of its shareholdings in the Japanese automaker on the Tokyo stock market Friday, but the two automakers are expected to maintain their strategic alliance.

SmartHeat Inc. (NasdaqGM: HEAT) fell in price early Thursday by 10.71 percent to $5.05. Volume of 1,885,516 shares proved nearly five times its average for a full day. The company announced Thursday the pricing of its previously announced public offering of 5,000,000 shares of its common stock pursuant to an effective shelf registration statement at a public offering price of $5.00 per share. The transaction is expected to close on or about November 23.

IRE surges, C widely traded, IIIIU trends downward

Thursday, November 18th, 2010

Bank of Ireland (NYSE: IRE) gained 10.65 percent in price in early trading Thursday to $2.39. Volume of 3,417,273 shares topped its three-month daily average of 3,095,990. The Irish central bank has provided nearly 35 billion euros in exceptional liquidity assistance to its banks as of the end of October, data from the monetary authority showed on Thursday.

Citigroup (NYSE:C) was the volume leader in early Thursday trading, with 62,394,962 shares changing hands, 3-month average daily volume comes in at 476,264,000. Shares gained 1.67 percent Thursday to $4.26.

Information Services Group Inc. (Nasdaq: IIIIU) fell in price early Thursday by 17.4 percent to $3.18. Volume of 82,132 shares.

UCBI triumphs, SIRI among volume leaders, DQ wounded

Wednesday, November 17th, 2010

United Community Banks Inc. (NasdaqGS: UCBI) gained 10.37 percent in price Wednesday to $1.49. UCBI stock traded in 3,128,377 shares, nearly quadrupling its daily average. Headquartered in Blairsville, Ga., UCBI is the third-largest bank holding company in the state, with assets of $7.0 billion. It operates 27 community banks with 106 banking offices throughout north Georgia, the Atlanta region, coastal Georgia, western North Carolina and east Tennessee.

Sirius XM Radio Inc. (NasdaqGS: SIRI) was active in Wednesday trading, with volume of 39,654,072, albeit just better than half of its three-month average daily volume of 75,176,000. SIRI shares fell back 1.46 percent to greet the closing bell Wednesday at $1.35. The satellite radio provider announced Wednesday announces “Sound of Change,” an initiative designed to generate awareness, action and funds for designated charitable causes on a year-round basis. The initiative officially launches on November 20, as several of SIRIUS XM’s music, talk and sports channels will participate in WhyHunger’s 25th annual Hungerthon campaign featuring live and on-line auctions of rare memorabilia and experiences donated by popular musicians, athletes and celebrities.

DAQO New Energy Corp. (NYSE: DQ) fell in price Wednesday afternoon by 16.39 percent to close at $11.19. Its volume of 1,644,379 shares, still more than double its three-month daily average. Tuesday, the Chinese-based polysilicon manufacturer reported third-quarter net revenues were $63.2 million, an increase of 20.5% from the second quarter of 2010, and 108.5% year-over-year. Net income was $17.7 million, an increase of 50.8% from the second quarter of 2010, and 207.6% increase year-over-year.