Posts Tagged ‘Technology Stocks’

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SCON super, F and ACLS slump

Wednesday, February 2nd, 2011

Superconductor Technologies (Nasdaq: SCON) shares vaulted 41.1 percent to $2.85, on volume of 5.1 million, overwhelming a daily average of about 105,000, after the company said it had produced samples of second-generation high-temperature superconductors that met customers’ specifications.

Ford Motor Company (NYSE: F) traded in 117.4 million shares, making it a volume leader, besting a daily average of 93.1 million. F shares trailed Tuesday’s close, however, by 3.1 percent to $15.40, as the carmaker teamed with Gogo to offer buyers complimentary Facebook access.

Axcelis Technologies (Nasdaq: ACLS) shares declined 22.8 percent to $2.75 Wednesday. Volume for the stock was nine million shares, dwarfing a daily average of 1.3 million. Tuesday, the company reported higher Q4 profits as sales grew.

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

NAVI goes sailing, INTC busy, ALVR goes south

Wednesday, February 2nd, 2011

NaviSite Inc. (Nasdaq: NAVI) shares advanced 31.7 percent to $5.44, on volume of 9.4 million, overwhelming a daily average of about 91,000, after cable and Internet-service provider Time Warner Cable Inc. (NYSE: TWC) late Tuesday said it would acquire the remote-server host provider for about $230 million.

Intel Corporation (Nasdaq: INTC) traded in 17.4 million shares Wednesday, trailing a daily average volume of 55.6 million. Prices for the stock improved 0.7 percent to $21.62, as the fallout continued from its billion-dollar chip error.

Alvarion Ltd (Nasdaq: ALVR) shares declined 11.3% to $1.96. Volume for the stock was 572,918 shares, better than twice its daily average, after the Israeli maker of wireless-broadband equipment reported a larger fourth-quarter loss.

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MEMC a maniac, LVLT levels off, BRCM wobbles

Wednesday, February 2nd, 2011

MEMC Electronic Materials Inc.(NYSE: WFR) shares gained 10.6 percent to $12.86, on volume of 10.3 million shares, more than double its daily average, one day after the maker of silicon wafers reported swinging to a profit in the latest quarter.

Level 3 Communications Inc. (Nasdaq: LVLT) traded in 17.1 million shares, pursuing a daily average volume of 23.3 million. Prices for the stock sagged, however, 5.3 percent to $1.22, after reporting quarterly sales fell to $921 million from $924 million in prior-year quarter.

Broadcom Corp. (Nasdaq: BRCM) shares jettisoned 7.4 percent to $42.98, on volume of 14.2 million, better than double its full-day average, after the chip maker late Tuesday reported fourth-quarter margins beneath Wall Street’s expectations.

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ERTS buzzes, SIRI beams, GNW gives back

Wednesday, February 2nd, 2011

Electronic Arts Inc. (Nasdaq: ERTS) shares climbed 15.2 percent to $17.99. Volume for the stock was 20.3 million shares, compared to an average of less than five million, after the video-game publisher late Tuesday announced a $600-million share-buyback plan and hiked its 2011 earnings outlook.

Sirius XM Radio Inc. (Nasdaq: SIRI) traded in 60.2 million shares, catching its daily average volume of 51.5 million. Prices for the stock leaped 5.2 percent to $1.72, as speculation as to who will buy SIRI from Citigroup.

Genworth Financial Inc. (NYSE: GNW) shares fell 10 percent to $12.54. Volume for the stock was 11.7 million shares, compared to daily average of 6.1 million, after the insurer reported a surprise fourth-quarter loss as its mortgage operation weighed on results.

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

APKT scores, C rocks, JDAS fades

Wednesday, February 2nd, 2011

Acme Packet Inc. (Nasdaq: APKT) shares were up 16.3% to $65.03, on volume of 3.8 million, better than twice its full-day average, after the maker of transmission devices for telecommunications late Tuesday reported fourth-quarter earnings that beat expectations and hiked its 2011 outlook.

Citigroup Inc. (NYSE: C) traded in 99.7 million shares, catching up on its daily average volume of 566 million. Prices for the stock dipped 0.7 percent to $4.87, after seizing control of music’s EMI Group.

JDA Software Group Inc (Nasdaq: JDAS) shares plunged 6 percent to $29.05, on volume of 769,205 shares, or double its daily average, after the maker of software used by retailers late Tuesday forecast 2011 revenue below Wall Street’s expectations.

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Posted in Financial Stocks, Technology Stocks | No Comments »

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