Posts Tagged ‘Technology Stocks’

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MOBI mobile, INTC has chip damage, CAVO turns tail

Monday, January 31st, 2011

Sky-Mobi Limted (Nasdaq: MOBI) shares soared 12.9 percent to $7.11, on volume of 841,098 shares, just surpassing its daily average of 628,691, on announcing that MOBI and Tencent, one of China’s most popular Internet portals, have formed a strategic partnership.

Intel Inc. (Nasdaq: INTC) was very popular Monday, dealing in 62.7 million shares, beating out its daily volume of 55.2 million. Prices dipped 1.4 percent to $21.15, on news that a design error in one of its chips will cost it $1 billion in missed sales and expenses to fix the flaw.

Cavico Corp. (Nasdaq: CAVO) shares slid 9.7 percent to $1.95 on volume of 175,517 shares, besting its daily average of 108,116.

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SSN mighty, GE active, CHKE cutting

Monday, January 31st, 2011

Samson Oil & Gas Inc. (AMEX: SSN) shares soared 22 percent to $2.66, on volume of five million shares, better than four times its daily average, after filing its quarterly report.

General Electric (NYSE: GE) was busy Monday, dealing in 30 million shares, or about half its daily volume. Prices were fairly flat at $20.17, on news that the company, which agreed to $4.3 billion in energy acquisitions over the past four months, plans to boost results at the oil and gas unit by investing in research and plants.

Cherokee Inc. (Nasdaq: CHKE) shares demurred 11.5 percent to $16.06 on volume of 282,476 shares, five times its daily average, after slashing its quarterly dividend in order to invest more resources in its various brands of clothing, footwear, fashion accessories and home furnishings.

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

PLL pulls good numbers, AMD active, CPF slides

Monday, January 31st, 2011

Pall Corporation (NYSE: PLL) shares charged ahead 11.9 percent to $54.45, on volume of 4.5 million shares, six times its daily average, after an analyst said the looming retirement of the diversified U.S. manufacturer’s chief executive officer could set the stage for a sale of the company.

Advanced Micro Devices Inc. (NYSE: AMD) was on a lot of radar screens Monday, dealing in 31.4 million shares, surpassing a daily volume of 22.7 million. Prices improved 5.1 percent to $7.87, on news from Intel Corp. that there was a design error in a component of the latter’s new chip that will cost the company roughly $300 million in lost revenue.

Central Pacific Financial Corp. (NYSE: CPF) shares were off 7.1 percent to $1.56 on volume of 406,896 shares, 33.3 percent better than its daily average. Friday, CFP announced it had trimmed its losses to $2.1 million, or 14 cents per diluted share, for the quarter ending Dec. 31.

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VCTY jumps, ELCR takes off, CCTR drops off

Monday, January 31st, 2011

Videolocity International Inc. (Pink Sheets: VCTY) came in with a price of 18-100th of a cent Monday morning, 38.5 percent better than its Friday close, on 54.9 million shares, about six times its usual daily volume. VCTY through its subsidiaries, operates as a Chinese management education and consulting firm in the People’s Republic of China.

Electric Car Company (OTCBB: ELCR) carried volume of 42.4 million shares, compared to a daily average of 84.2 million. Share prices were flat at one-100th of a cent.

China Crescent Enterprises Inc. (OTCBB: CCTR) tumbled 11.1 percent Monday to 16-100ths of a cent, on volume of 67.8 million shares, compared to a full-day average of 62.3 million.

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

RAD adds, T subtracts, MEG a mess

Thursday, January 27th, 2011

Rite Aid Corporation (NYSE: RAD) shares hiked 15.5 percent to $1.27. Volume was 26.2 million shares, swamping its usual share volume of 3.7 million, after reporting positive January same-store sales figures.

AT &T Inc. (NYSE: T) traded in 58.2 million shares Thursday, compared to a daily average of 24.2 million. Share prices for T eased 2.1 percent to $28.13, after noticing a 60-percent drop in Q4 net income.

Media General Inc. (NYSE: MEG) shares descended 9.1 percent to close Thursday at $5.20. Volume was 219,543 shares outdistanced its daily average of 169,017. MEG reported lower Q4 earnings as print ads declined.

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