Posts Tagged ‘Technology Stocks’

RURL in a whirl, VRGY in crosshairs, FUQI in a funk

Monday, March 28th, 2011

Rural/Metro Corporation (NASDAQ: RURL) shares leaped 36.3% to $17.11. More than four million shares changed hands in the first hour, overwhelming a full-day average around 91,000, after it announced it has entered into a definitive agreement for the acquisition of the Company by the private equity firm Warburg Pincus in an all-cash transaction.

Verigy Ltd. (Nasdaq: VRGY) was among the volume leaders in the early going Monday, trading in 9.1 million shares, compared to a full-day average of 1.2 million. Share prices were up 0.4% to $14.23, amid stories Advantest was to buy Verigy for $1.1 billion.

Fuqi International Inc. (Nasdaq: FUQI) shares fell 5.7% to $3.17. Share volume topped 883,000, trumping its average of 568,635. The Chinese jewelry company again delayed the filing of its restated 2009 results, citing an internal investigation of cash transfers.

TSON in orbit, CSCO buzzes, EBIX swoons

Thursday, March 24th, 2011

TranS1 Inc. (Nasdaq: TSON) shares gained 25.8% to $4.10. Volume was 8.2 million shares, up against a daily average of only 172,000, after the medical-device manufacturer said U.S. regulators had cleared its spinal implant system.

Cisco Systems Inc. (Nasdaq: CSCO) was a volume champion Thursday, with 51.3 million shares changing hands, still below its average of 71.5 million. Share prices for CSCO were down, however, by 1.3% to $17.36.

Ebix Inc. (Nasdaq: EBIX) suffered a price nosedive of 24.2% Thursday to $22.53, on volume of 14.1 million shares, towering over its average of 575,442. Monitoring system BUYINS.NET announced it was updating its coverage of EBIX.

PSTR rocks, F rolls, CNIT hobbles

Thursday, March 24th, 2011

PostRock Energy Corp (Nasdaq: PSTR) shares rose 19.6% to $5.98. Volume for the stock was 258,000, better than twice its daily volume. The company was identified Wednesday by Zacks Investment Research as having the lowest forward price-to-earnings ratio of companies in the energy exploration industry.

Ford Motor Company (NYSE: F) traded in 106.7 million shares, topping its all-day average of 87.1 million. Share prices for F climbed 5.2% to $15.05

China Information Technology Inc. (Nasdaq: CNIT) shares got bruised 13.8% to $2.69, on volume of 2.3 million, or eight times its average

LPTH runs toward light, SIRI has stronger signal, SBAY sub-par

Thursday, March 24th, 2011

LightPath Technologies Inc. (Nasdaq: LPTH) soared an incredible 89.8% in early afternoon trade Thursday, to $2.60. Volume for this stock was 1.8 million shares, trampling its usual volume of less than 26,000, after announcing new direct-to-China sales channels.

Sirius XM Radio Inc. (Nasdaq: SIRI) was a volume leader Thursday, dealing in 35.6 million shares, making headway on an all-day volume of 55.1 million. Share prices were up as well, by 1.6% to $1.70.

Subaye Inc. (Nasdaq: SBAY) listed lower Thursday afternoon by 15.5% to $3.16. Volume of 102, 964 trailed its daily average of 145,298.

MU major, NVDA cruising, SCHL flunks

Thursday, March 24th, 2011

Micron Technology Inc. (Nasdaq: MU) shares gained 8% to $11.07, on 60.7 million shares, surpassing a daily average of 41.3 million, after the maker of computer memory chips reported better-than-expected second-quarter results late Wednesday.

NVIDIA Corporation (Nasdaq: NVDA) saw 25.1 million shares come and go Thursday by noon ET, compared to an all-day volume of 32.3 million. NVDA shares went for $19.26 a pop, or 8.1% better than Wednesday’s close.

Scholastic Corporation (Nasdaq: SCHL) tripped 11.8% in early afternoon trading Thursday to $27.54. Volume was 627, 831 shares, or better than quadruple its daily average, after posting a Q3 net loss.