Posts Tagged ‘PSDV’

CNA skyrockets, GE gains, PSDV wobbles

Monday, February 7th, 2011

CNA Financial Corp. (NYSE: CNA) leaped 8.7 percent to $30.15, on volume of 1.1 million, compared to daily average of 197,930, after the company on Monday reported fourth-quarter results that beat Wall Street’s expectations.

General Electric Company (NYSE: GE) traded in 41.1 million shares Monday, making it a volume leader, but still below its average of 60 million. Prices improved 1.5 percent to $20.87, after the company revealed its China aviation partner was actively seeking U.S. deals.

pSivida Corp. (Nasdaq: PSDV) dropped 7.2 percent to $4.10 Monday. Volume for the stock was 252,593 shares, roundly beating its daily average of 143,541, just days after announcing positive results from tests on its Iluvien diabetes medication.