Posts Tagged ‘QTM’

QTM makes headway, SIRI turns up volume, KONE trips

Wednesday, April 13th, 2011

Quantum Corp. (NYSE: QTM) shares added 15.7% to $3.07, on volume of 11.3 million, more than double its 4.5 million average, after the maker of backup programs for computers said NetApp Inc. (Nasdaq: NTAP) would sell its products around the world. NetApp shares increased 1.8% to $48.70.

SIRIUS XM Radio Inc. (Nasdaq: SIRI) bought and sold 39.3 million shares Wednesday, though below its daily average of 54.2 million. Prices rose 1.4% to $1.84, after announcing its reverse stock split won’t be extended.

Kingtone WirelessInfo Solution (Nasdaq: KONE) fell 9% in price to $1.80 Wednesday, on volume of 414,000, towering over its daily average of 61,000.

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CRUS clicks along, C active, QTM falters

Thursday, January 27th, 2011

Cirrus Logic, Inc. (Nasdaq: CRUS) shares ran up 10.5 percent Thursday to $19.80. Volume was 2.5 million shares, compared with daily averages around 3.4 million, on quarterly revenues of $95.6 million, up 47% on the same quarter a year ago.

Citigroup Inc. (NYSE: C) traded in 55.5 million shares Thursday, building toward a daily average of 548 million. Share prices inched up 0.9 percent to $4.86

Quantum Corporation (Nasdaq: QTM) shares fell 19.4 percent to $2.90 Thursday, on volume of 14.3 million shares, squashing its daily average of 4.3 million, after the company reported fiscal Q3 revenue and EPS below estimates and a sharply underwhelming forecast as well.

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ROK rocks on, F deals, QTM queasy

Wednesday, January 26th, 2011

Rockwell Automation Inc. (NYSE: ROK) shares rose 8.9 percent to $81.31 Wednesday. Share volume was 5.7 million, more than five times its daily average, after the maker of factory equipment hiked its forecast for the remainder of the year.

Ford Motor Company (NYSE: F) traded in 61.5 million shares Wednesday, making it a volume leader, though well below its daily average of 83.9 million. Share prices crept up 2.6 percent to $18.36, after revealing its F-150 “Hero” engine at the North American International Auto Show.

Quantum Corporation (NYSE: QTM) shares took off 6.7 percent to $3.53 Wednesday, on volume of 6.9 million shares, more than 50 percent more than its daily average. After the bell, QTM reported quarterly revenues of $176 million — up $9 million from prior quarter, and net income of $6 million, or three cents per share, compared to $5 million, or two cents per share.

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