Posts Tagged ‘NYSE’

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PEGA powers up, MGM hot ticket, CERS falls

Wednesday, November 10th, 2010

Pegasystems Inc. (NasdaqGS: PEGA) climbed in price 19.21 percent Wednesday to close at $31.46.  PEGA enjoyed volume of 2,430,406 shares, six times its normal daily volume. The Cambridge, Mass-based CRM solutions company announced Tuesday its 13th consecutive quarter of record revenue, with the figure climbing 39 percent to $90 Million over the same quarter last year, although net income was down 48 percent to $3.1 Million.

MGM Resorts International Inc. (NYSE: MGM) more than doubled its average daily volume Wednesday, trading in 59,589,549 shares. The resort company’s stock moved ahead 2.88 percent in price to close at $13.38, despite word Wednesday that Atlantic City’s casino gambling revenue fell 12 percent in October, after Pennsylvania and West Virginia added table games and new casinos opened in Philadelphia and Maryland.

Cerus Corporation (NasdaqGM: CERS) had a tough time Wednesday, falling in price 20.89 percent to close trading at $2.50. Volume in CERS shares was 3,905,110, or more than 12 times its normal volume. The dire news came after the Concord, Calif.-based biotechnology company announced a public offering of approximately 7.4 million units. The company is issuing both stock and warrants to buy stock. Each unit consists of one share of common stock and a warrant to buy 0.5 share of common stock. Each warrant will have an exercise price of $3.20 per share and will be exercisable six months after they are issued.

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Posted in Technology Stocks | No Comments »

GRH more energetic, SPDR sells briskly, MBR lists lower

Wednesday, November 10th, 2010

GreenHunter Energy Inc. (AMEX: GRH) tacked on 15.98 percent to its price in early afternoon Wednesday, to $1.38. Volume on GRH shares was an unusually heavy 166,854, about five times its daily average. The Grapevine, Texas-based company announced last week that it has closed on approximately $30 million in tax-exempt Recovery Zone Facility Bonds.

SPDR S&P 500 (NYSEArca: SPY) did a brisk business early Wednesday, having traded in 123,355,762 shares, rapidly approaching its daily average of 193,469,000. The index-based issue inched up 0.22 percent in price to $121.88.

Mercantile Bancorp Inc. (AMEX: MBR) took it on the chin during early Wednesday afternoon trading, giving back 22.48 percent in price to $1.00. Volume in MBR stock surpassed 79,631 shares, or nearly 20 times its daily average. Last week, the Quincy, Illinois-based regional bank announced it would terminate its shareholder rights offering without acceptance of any of the subscriptions exercised thereunder.

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

Farmer Mac, BJ’s gain, F sells widely, MFB drops on lower profits

Wednesday, November 10th, 2010

Federal Agriculture Mortgage (NYSE: AGM) shot ahead 12.67 percent in price by mid-morning Wednesday to $14.85. Volume approaching noon registered at 276,770 shares, more than double its daily average. The lender known as Farmer Mac Tuesday reported net income of $6 million, or 56 cents a share, for the three months ended Sept. 30. That compares with net income of $17.9 million, or $1.74, a year earlier.

BJ’s Wholesale Club Inc. (NYSE: BJ) enjoyed a 9.37-percent surge in price to $45.95 late Wednesday morning. Volume in BJ shares was a hot 2,428,532 shares, compared to a daily average of 782,079 shares. BJ’s, a leading warehouse club chain in the eastern United States, has set next Wednesday, Nov. 17, as the date for announcing its third-quarter results.

Ford Motor Company (NYSE: F) was among the volume leaders as Wednesday morning drew to a close. Ford saw 54,740,099 shares trade hands early, compared to a daily average of 68,220,100 shares. F gained 2.8% in price to $16.52. The carmaker reported Tuesday that its Ford Focus will be the official car of the 2011 International CES held on Jan. 6-9 in Las Vegas.

Maidenform Brands Inc. (NYSE: MFB) slumped in price 12.96 percent late Wednesday morning to $25.25. Shares traded totaled 961,100, trumping its daily average of 266,811. The underwear maker Maidenform Brands Inc. reported its third-quarter net income fell 20 percent from a year ago. Net income fell to $12.8 million, or 55 cents per share, from $16 million, or 67 cents per share, as revenue rose 13 percent to $145.8 million from $128.7 million last year.

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

CIMT jets ahead, C, BAC hold own, SMT down on downgrade

Wednesday, November 10th, 2010

Cimatron Limited (NasdaqCM: CIMT) stood out amid all the initial gloom on Wednesday, gaining 68.54 percent in price to $3.00 in the first trading hour. Volume broke away from its three-month daily restraints of 6,132 and crowded the half-million mark to begin the day. The Israeli-based provider of integrated CAD/CAM solutions for the toolmaking and manufacturing industries announced third-quarter revenues were up 26% from the same quarter last year.

Citigroup (NYSE: C) proved the volume leader early Wednesday, trading in 107,771,989 shares in the first hour. The banking group even managed to forge ahead in price by 0.47 percent to $4.32.

Bank of America Corporation (NYSE: BAC) traded in 48,192,182 shares in the first hour Wednesday, compared to a daily three-month average of 193,972,000. BAC shares inched up 0.16 percent to $12.29.

Smart Technologies Inc. (NasdaqGS: SMT) saw its price tumble 27.47 percent in Wednesday’s first hour to $9.48. Volume in SMT hit 6,537,933 shares in the opening hours, more than 10 times its three-month average. The slip comes after a downgrade by RBC Capital Markets to “sector perform” from “outperform”.

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Posted in Financial Stocks, Industrial Stocks, Technology Stocks | 1 Comment »

UEC forges ahead, LVS has strong volume, GSI slumps

Monday, November 8th, 2010

Uranium Energy Corp. (AMEX: UEC) enjoyed Monday, tacking on 31.02 percent to greet the final minutes before the closing bell at $6.04. Volume was 2,479,297shares, or nearly four times its daily average over the last three months. In October, the Texas-based UEC announced that it had completed its previously announced private placement financing involving the sale of an aggregate of 8,111,313 units of the Company (each a “Unit”), at a price of $3.40 per Unit, for gross proceeds of $27,578,464.20.

Las Vegas Sands Corp. (NYSE: LVS) gained 1.56 percent approaching Monday’s final bell to $52.79. Volume was 64,079,528 shares, or more than double its three-month daily average. Last week, LVS announced a quarterly dividend payment of $2.50 per share on its outstanding 10% Series A Cumulative Perpetual Preferred Stock to stockholders of record at the close of business on Tuesday, November 2.

General Steel Holdings (NYSE: GSI) skidded 7.43 percent in price to $2.74 near the close on Monday. Volume for the stock was 1,053,064 shares, in contrast to a three-month daily average of 278,970 shares. The drop comes amid word of third-quarter results out Monday, which showed gross margin improved to 3.4% from 1.5% in the previous quarter. Income from operations for the Beijing-based company increased to $6.0 million for the third quarter from a loss of $6.3 million in the second quarter and a loss of $6.4 million in the first quarter of 2010

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

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