Posts Tagged ‘Technology Stocks’

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MSSR gets a bite, INTC softens, RVSN stumbles

Monday, April 4th, 2011

McCormick & Schmick’s Seafood Restaurants, Inc. (Nasdaq: MSSR) shares gained 29.2% to $9.20, on volume of 515,736 shares, overwhelming an average of 78,167, after Landry Restaurant Inc.’s chief executive said he planned to launch a hostile bid for the restaurant chain.

Intel Corp. (Nasdaq: INTC) traded in 25.1 million shares before the lunch break Monday, compared to a daily average of 61.4 million. Share prices were down 1.6% to $19.42, after its estimates were reduced at Sterne, who assigned a buy rating and $28 price target.

RADVision Ltd. (Nasdaq: RVSN) shares plummeted 12% to $10.53, on volume of 212,160 shares, its daily average below 60,000. The company announced today that based on preliminary results, RVSN expects to report revenues for the first quarter of 2011 of approximately $20.5 to $21.0 million. As a result, the net loss for the first quarter of 2011 is expected to range from $0.15 to $0.19 per diluted share on a GAAP basis and from $0.10 to $0.14 per diluted share on a non-GAAP basis.

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Posted in Consumer Discretionary Stocks, Technology Stocks | No Comments »

ACXM pops, ORCL over its average, MTOR moves down

Thursday, March 31st, 2011

Acxiom Corp. (Nasdaq: ACXM) shares rose 6.8% to $14.42. Volume was 3.5 million shares, or six times its daily average, after BMO Capital Markets Ltd. upgraded the computer-services company from market perform to outperform.

Oracle Corporation (Nasdaq: ORCL) did 28.2 million shares worth of business Thursday, just besting its daily share average of just below 26 million. ORCL prices moved up 1.4% to $33.52.

Meritor Inc. (NYSE: MTOR) shares fell 15.1% to $17.00, on volume of 11.3 million shares, compared to a daily average of 2.3 million, after the auto-parts supplier lowered its second-quarter earnings forecast. The former ArvinMeritor also said it would close its European trailer axle business.

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Posted in Consumer Discretionary Stocks, Technology Stocks | No Comments »

LUNA shoots for the moon, S steady, SEMG sinks

Thursday, March 31st, 2011

Luna Innovations Inc. (Nasdaq: LUNA) shares gained 46.4% to $2.65, on volume of 2.7 million shares, trouncing a daily average around 20,000, after the molecular-technology provider agreed to extend a development agreement with Intuitive Surgical Inc. (Nasdaq: ISRG).

Sprint Nextel Corporation (NYSE: S) dealt in 35.1 million shares, making headway on a daily average of 64.8 million. Prices hiked 1% to $4.61.

SemGroup Corp. (NYSE: SEMG) shares were off 12.5% to $28.40, on volume of 4.2 million shares, towering over its average of 311,583, after the petroleum pipeline and storage provider reported losing $4.9 million in the fourth quarter.

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Posted in Industrial Stocks, Technology Stocks | No Comments »

CYBI climbs, CSCO, MBND skid

Thursday, March 31st, 2011

Cybex International, Inc. (Nasdaq: CYBI) shares bolted 16.9% higher to 83 cents, on volume of 116,520 shares, compared to a daily volume of 44,877, on announcing 2010 net sales were $123.0 million compared to $120.5 million for 2009, a 2% increase. The loss for the year ended December 31, 2010 was $58.2 million, or $3.40 per diluted share, compared to a net loss of $2.4 million, or $0.14 per diluted share, for 2009.

Cisco Systems Inc. (Nasdaq: CSCO) bought and sold 38.9 million shares in early afternoon trading on Thursday, compared to a daily volume of 71.9 million. Share prices for CSCO dimmed 0.8% to $17.18.

Multiband Corporation (Nasdaq: MBND) faltered 24.6% in price Thursday to $4.50. Where average share volume would run around 63,000 shares, today’s topped 1.1 million, on word income from operations was $13.7 million from a loss of $7.2 million in fiscal 2009.

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MAKO climbs, INTC questionable, HRZ hurting

Thursday, March 31st, 2011

Mako Surgical Corp. (Nasdaq: MAKO) shares gained 11.4% to $23.89. Volume was 1.1 million shares, or nearly twice its daily average after the company said late Wednesday that it had an order for 11 surgery systems from Health Management Associations Inc. (NYSE: HMA)

Intel Corporation (Nasdaq: INTC) was a volume leader in early Thursday afternoon trading, dealing in 46.9 million shares, erasing the gap with its daily average of 59.2 million. Prices were 2.1% lower to $20.03, amid general weakness in the tech sector.

Horizon Lines Inc. (NYSE: HRZ) plummeted 25.9% in price to 94 cents, on volume of 5.4 million shares, nearly nine times its daily average, as the company contemplates bankruptcy.

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Posted in Health Care Stocks, Technology Stocks | No Comments »

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