Posts Tagged ‘NYSE’

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WSP keeps gaining, MGM among volume leaders, IIIIU slides

Monday, November 8th, 2010

WSP Holdings Limited (NYSE: WH) sprinted ahead 14.39 percent Monday to register at $1.59 soon before the closing bell. Volume was 313,312 shares, more than triple its daily average. WSP Holdings is a leading Chinese manufacturer of API (American Petroleum Institute) and non-API seamless casing, tubing and drill pipes used in oil and natural gas exploration.

MGM Resorts International (NYSE: MGM) got traction in late Monday trading, moving up 6.77 percent to $12.93. Volume of 76,693,483 shares dwarfed its three-month daily average of 27,642,800. The company announced last week that it has closed its previously-announced sale of four long-term ground leases and their respective underlying real property parcels at The Borgata Hotel Casino & Spa in Atlantic City, New Jersey.

Information Services Group Inc. (NasdaqGM: IIIIU) sank 23.48 percent late Monday to $6.68. Volume was 113,778 shares. The stock’s three-month daily average was not available at press time. The Stamford, Conn. Company was founded in 2006 to build an industry-leading, high-growth, information-based services company by acquiring and growing businesses in advisory services, including strategy, implementation and management, and market information, including market measurement, analytics and related products and services.

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Afternoon Buzz: VRML, STRC more robust, Ford among volume leaders, CBAN ailing

Monday, November 8th, 2010

Vermillion Inc. (NasdaqGM: VRML) rocketed up 35.71 percent to $6.65 in mid-afternoon trading on Monday. The company traded in 478,809 shares, more than tripling its three-month daily average of 100, 048. The company, based in Fremont, Calif., and makes diagnostics tests that help physicians to diagnose and treat patients, has an earnings conference call set for Thursday morning.

SRI/Surgical Express Inc. (NasdaqGM: STRC) tacked on 25.81 percent to $3.90 Monday, on volume of 45,785, easily trumping its three-month average of 3,464 shares. The Tampa-based provider of reusable surgical device reprocessing services responded to a proposed takeover bid, by adopting a Shareholder Rights Plan and declaring a dividend of one right on each outstanding share of the Company’s common stock.

Ford Motor Company (NYSE: F) was among the volume leaders mid-afternoon Monday with 106,306,518 shares traded. Normal daily volume for the carmaker is 65,873,900 shares. F shares prospered 0.99 percent to $16.37. Ford said Monday it is launching a 60-city tour to push its 2011 F-150 Roundup. Potential buyers can sign up for a Ford representative to bring the truck to the participant’s house or place of work for a 30-minute drive.

Colony Bankcorp Inc. (NasdaqGM: CBAN) dropped 16.98 percent in price Monday afternoon to $4.04. Volume for CBAN was a mere 553, compared to a three-month daily average of 1,838. The regional bank, based in Fitzgerald, Georgia, last reported earnings in late October, and it was not pretty. CBAN’s net loss was $1,384,000, or $(0.16) per diluted share for the third quarter of 2010, down from Q3 2009 net income of $18,000, or $0.00 per diluted share.

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IDT-C, CGA speed ahead, BAC is hot, RDN is not

Monday, November 8th, 2010

IDT Corporation (NYSE: IDT-C) strengthened 37.38 percent in price by noon ET Monday to $16.98. IDT shares leaped off the shelves, trading in 178,167, in comparison to a three-month daily average of 4,741. Last week, IDT’s Board of Directors authorized an initial cash dividend of $0.22 per share to be paid on or about November 23 to shareholders of record at the close of business on November 15 of IDT Corporation Common Stock, Class A Common Stock and Class B Common Stock. IDT is a consumer services company with operations primarily in the telecommunications and energy industries.

China Green Agriculture Inc. (NYSE: CGA) gained 10.55 percent to $8.38 as the clock approached noon ET Monday. Volume was 574,045 in just the first half of the trading day, compared to the daily average of 590,935. This, despite word that class action lawsuit has been commenced in the United States on behalf of purchasers of the securities of China Green Agriculture, Inc. between November 12, 2009 and September 1, 2010. The complaint charges China Green and certain of its officers and directors failed to disclose accurate financial information during the Class Period.

Bank of America Corporation (NYSE:BAC) had a commanding position among volume stocks Monday morning, exchanging 106,512,045 shares, compared with a three-month daily average of 190,530,000 shares. The conglomerate inched ahead in price 1.17 percent to read $12.51 at the lunch hour in New York. The company serves clients through operations in more than 40 countries.

Radian Group Inc. (NYSE: RDN) took a spill of 11.16 percent in price to greet noon ET on Monday at $8.84. Volume in RDN stock came in at 6,313,939 shares, more than 50 percent above its three-month daily volume average. The Philadelphia-based mortgage insurer saw its shares drop, after announcing it will raise up to $350 million through a convertible notes offering to repay debt.

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IIIIU, CARV end week in orbit, BAC big seller, CO sinks

Friday, November 5th, 2010

Information Services Group Inc. (NasdaqGM: IIIIU) rocketed up 91.45 percent in Friday trading to close at $8.73. Volume was 65,393 shares, although the stock’s three-month daily average was not available at press time. The Stamford, Connecticut-based information-based services company has announced the release of third-quarter financial results, slated for after the close of trading Tuesday, November 9.

Carver Bancorp., Inc. (NasdaqGM: CARV) jumped 64.37 percent to close Friday’s trading at $3.27, on volume of 22,988 shares, towering over its three-month volume average of 1,429.Carver Bancorp, Inc. is the holding company for Carver Federal Savings Bank, a federally chartered stock savings bank, founded in 1948 to serve African-American communities. Friday, the Company reported a net loss of $23.4 million for the second quarter of fiscal 2011 compared to a net loss of $300,000 for the second quarter of fiscal 2010 and a loss of $2.5 million for the first quarter of fiscal 2011.

Bank of America Corporation (NYSE: BAC) was among the volume leaders Friday, selling in 404,415,995 shares, compared to its three-month average of 186,392,000 shares. BAC gained a respectable 1.9 percent on the day to close at $12.36. The share volume follows word that BAC and Citigroup Inc. are considering whether to let employees use the Apple Inc. phone as an alternative to Research In Motion Ltd.’s BlackBerry for corporate e-mail.

China Cord Blood Corporation (NYSE: CO) hurtled earthward 29.86 percent in price to close Friday at $3.97. Volume was 4,643,558 shares, around 100 times its normal daily volume average. The company, which operates a blood bank in China for umbilical cord blood, announced it was pricing a sale of 8.1 million shares at a steep discount.

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CBKN, WWON, BAC cruise, GCA slumps

Thursday, November 4th, 2010

Capital Bank Corporation: (NasdaqGS: CBKN) enjoyed a banner day Thursday, rocketing up in price 52.44 percent to close at $2.50, on unusually active volume of 460,185, more than 11 times its normal daily average The Raleigh-based regional bank announced Thursday it will sell an 85-percent stake in itself to privately-held North American Financial Holdings Inc., a holding company that will invest $181 million in Capital Bank and take over leadership of the 33-branch institution.

Westwood One Inc. (NasdaqGM: WWON) gained 27.82 percent in price Thursday to close at $11.12. Volume was 13,294, slightly below average. WWON supplies radio television stations with information services and programming. The Company, an outsource provider of traffic reporting services, produces and distributes national news, sports, talk, music, and special event programs.

Bank of America Corporation (NYSE: BAC) was also quite the active trader on a very busy Thursday, with 306,970,976 shares changing hands, nearly twice the business it would do on an average day. Besides being one of the leaders in volume, BAC boosted its price 5.3 percent to close at $12.13. Financial stocks in general extended Thursday gains after a report that the government might allow some of the larger institutions to resume dividend payments.

Global Cash Access Holdings, Inc. (NYSE: GCA) tumbled 22.87 percent Thursday to close at $2.90, on heavy share volume of 5,448,124, at least nine times its average. The news came just ahead of a third-quarter earnings call, scheduled for 5 p.m. ET, an hour after the market closed. GCA supplies cash access products and related marketing services to the gaming industry.

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