Posts Tagged ‘NYSE’

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UFI, C triumph in Thursday afternoon trading, LIOX loses much of its roar

Thursday, November 4th, 2010

Unifi, Inc. (NYSE: UFI) soared 215 percent Thursday afternoon to $15.13, on volume of 230,986, roughly comparable to its three-month daily average of 248,017 shares. The news comes only a week after the Greensboro-based yarn producer announced that its third quarter net income quadrupled to $10.2 million, from $2.5 million during the year-ago quarter. UFI reported net sales reached $174 million in Q3, up roughly 22-percent over $143 million in the third quarter of 2009.

Citigroup Inc. (NYSE: C) found itself atop the leader board among biggest volumes on Thursday with 408,716,516 shares, swiftly approaching its three-month daily average of 442,066,000. Shares in the banking group climbed 2.39 percent in afternoon trading to $4.29. The favorable activity closely follows word that Citigroup was ruled not liable Thursday in a legal dispute with Terra Firma Capital Partners LP over its 2007 acquisition of British recording company EMI Group PLC. The latter party, a private-equity firm, had alleged it was duped by Citigroup into making a rich bid for EMI and had sought billions of dollars in damages.

Lionbridge Technologies, Inc. (NasdaqGM: LIOX) missed out on the general gaiety of the market Thursday, its price taking a pasting of 23.4 percent in afternoon trading to $3.83, on dismal third-quarter earnings news. Share volume of 3,437,377 was about 10 times LIOX’s three-month daily average. Lionbridge lost $3.8 million, or seven cents per share, for the three months ended Sept. 30. That compares with a loss of $1 million, or two cents per share, a year earlier.

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Posted in Financial Stocks, Materials Stocks, Penny Stocks, Technology Stocks | No Comments »

URRE near top of gainers’ ladder, SIRI among most active, MVIS bruised

Tuesday, November 2nd, 2010

Uranium Resources, Inc. (NasdaqCM: URRE) tacked on an amazing 29.84 percent in price Tuesday to close at $1.67, on a whopping 7,192,195 shares, nearly six times its three-month average volume. The stock vaults into the upper end of a 52-week trading range that has peaked at 1.78, after bottoming out at 38 cents. The company, since its incorporation in 1977, has produced over 8 million pounds of uranium in Texas.

Cabela’s Inc Class A (NYSE: CAB) jumped 20.73 percent Tuesday to close at $22.07.  Share volume totaled 3,453,941, dwarfing its three-month total of 371,958.  Tuesday’s leap brings the stock toward its 52-week peak of $22.22, after bottoming out at $11.65. The specialty retailer and direct marketer of hunting, fishing and camping merchandise, announced on Tuesday that quarterly consolidated revenues increased 3.9 percent to $643 million, while retail revenue increased 6 percent to $369 million.

Microvision, Inc. (NasdaqGM: MVIS) suffered a drop in price Tuesday of 18.5 percent to close at $1.63. Share volume of 3,169,642 towered over its three-month average volume of 653,575 shares. The stock languishes near the basement of a 52-week trading range of $1.55, its peak around $4.11. The manufacturer of ultra-small  projectors (hence its name) Monday posted Q3 revenue of $1.3 million and a loss of 15 cents a share, falling 18 percent wider than the average analyst earnings estimate, according to Bloomberg.

Sirius XM Radio Inc. (NasdaqGS: SIRI) inched up nearly 2 percent to $1.56 Tuesday, on volume of 83,327,134 shares, slightly above its three-month average of 71,284,100. The satellite radio network is making its way toward a 52-week high of $1.59, its gulch for the year around 56 cents. Sirius XM already has announced that it has added 334,727 net subscribers during the third quarter. This brings their total subscriber totals to just less than 20 million.

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Posted in Consumer Staples Stocks, Energy Stocks, Penny Stocks, Technology Stocks | No Comments »

Mid Day Market Movers (LIFE, UHN, ABT)

Wednesday, October 27th, 2010

Life Technologies Corporation (Nasdaq: LIFE) jumped more than 6 percent  to $50.66 from yesterday’s closing price of 47.79, with more than double average volume. The maker of biotech tools reported quarterly net income of $105.5 million, or 56 cents a share, on revenue of $867.1 million, besting analysts’ predictions of 78 cents a share on revenue of $855.2 million. The company also forecast full-year adjusted earnings of $3.48 to $3.52 a share, compared with a Street consensus of $3.42 a share on Tuesday.

UnitedHealth Group Incorporated (NYSE: UNH) dropped more than 5 percent Wednesday touching on a low of $35.70 from the previous days’ close of $37.57 on above-average volume. The stock is still trading very near a 52-week high of $37.95. The company recently reported third quarter increase in net income of 23%, to $1.28 billion, or $1.14 per share, from $1.04 billion, or 89 cents per share, from the same period last year.

Abbott Laboratories (NYSE: ABT) dipped nearly 3 percent trading on below-average volume, touching on a low of 51.03 from Tuesday’s close of $52.69. The Company recently reported strong third quarter results, notably; earnings-per-share growth of 14.1 percent, worldwide sales increase of 11.8 percent, and promising expansion in emerging markets.

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Posted in Consumer Discretionary Stocks, Health Care Stocks | No Comments »

Wednesday’s Biggest Losers (JNY, CENX, OC)

Wednesday, October 27th, 2010

Jones New York (JNY)

Jones New York decreased 23.41%, falling to $14.95 after the company reported lower-than-expected third quarter results. The Company reported adjusted earnings per share were $0.54, falling $0.07 cents below analysts’ estimates of $0.61, for the third quarter of 2010, compared to adjusted earnings per share of $0.46 in the same period last year.

Revenue increased 19.4% year over year to $1.2 billion, compared to $856 million for the third quarter of 2009, which was on par with analysts’ estimates.

Century Aluminum Company (NASDAQ: CENX)

Century Aluminum Company (NASDAQ: CENX) slipped 5.50% to $12.88 in the pre-market trading after the company reported third quarter losses of $16.8 million, or 18 cents a share, from a profit of $40.1 million, or 45 cents a share a year ago.

Sales grew to $279.2 million from $228.7 million, a year ago. Analysts had estimated profit of 8 cents a share on revenue of $269.47 million.

Management indicated that higher raw material costs, primarily for carbon anodes, much of which is transitional, led to a quarter over quarter decrease in net earnings of about $4 MM, or approximately $0.04 in EPS.

Owens Corning (NYSE: OC)

Owens Corning (NYSE: OC) is currently trading at 27.10, down nearly 4% from Tuesday’s closing price 28.20. Shares of Owens Corning are on the slide this morning after the company said it earned $58 million, or 46 cents per share, during the third quarter. Excluding one-time items, OC earned 35 cents per share on revenue of $1.19 billion. Analysts had forecast a profit of 37 cents per share on revenue of $1.26 billion.

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Posted in Consumer Discretionary Stocks | No Comments »

MeadWestvaco Corp (MWV) Buzz Stock of the Day

Wednesday, October 27th, 2010

Shares of packaging maker MeadWestvaco Corp (MWV) jumped more than 6 percent in morning trading after the company announced that quarterly profit numbers had exceeded expectations.

MeadWestvaco reports third quarter earnings of $111 million, or 64 cents per share for the period ended Sept. 30, excluding non-recurring items, besting analysts consensus of expected earnings per share of $0.55. Net income from continuing operations fell 9 percent from third quarter earnings in 2009 of $122 million, or 71 cents per share.

[–quote–]

Higher overall sales helped drive revenue increases of 3.2 percent, to $1.56 billion. Although volume fell or only increased slightly in the Company’s consumer products unit, and consumer solutions business, respectively, volume jumped 11 percent in the specialty chemicals unit, increasing segment profit by 83 percent. The Company said its sales in emerging markets have grown by about 12 percent in the quarter, driven by strength in Brazil and China.

“Another quarter of improved performance extends the progress we have made by implementing a value-based strategy agenda,” Chief Executive John Luke said in a statement.

The Richmond, Virginia-based company provides packaging solutions to the healthcare, personal care and beauty, food, beverage, home and garden, tobacco, and commercial print industries with worldwide operations in 30 countries and has customers in more than 100 nations.

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Posted in Health Care Stocks | No Comments »

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