Posts Tagged ‘Technology Stocks’

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YOKU moves skyward, INTC busy, GRB skids

Thursday, December 9th, 2010

YOUKU.COM (NYSE: YOKU) grew 27.72 percent in price Thursday afternoon to $42.71. Volume of 14,547,545 shares is catching up on its daily average of 16.94 million. The Chinese Internet television company celebrated its IPO Wednesday.

Intel Corporation (NasdaqGS: INTC) traded in 44,197,894 shares, to make it among the volume leaders early Thursday afternoon, catching up on its daily average of 60,330,900. Share prices were flat at $21.82.

Gerber Scientific Inc. (NYSE: GRB) fell in price 21.29 percent Thursday to $6.69, on volume of 63,726 shares, slightly more than its normal full-day average. The Connecticut-based Gerber reported revenue increased 9.0% to $129.3 million from $118.7 million. Gross profit was $38.6 million or 29.9% of sales versus $35.2 million or 29.7% of sales.

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

All hail HELE, CSCO does big business, BONA makes bow

Thursday, December 9th, 2010

Helen of Troy Ltd. (NasdaqGS: HELE) grew 17.2 percent in price Thursday afternoon to $27.59. Volume was 785,410 shares, more than five times its daily average. The El Paso-based personal care company announced today it has entered into a definitive merger agreement to acquire the business of Kaz, Inc., for $260 million.

Cisco System Inc. (NasdaqGS: CSCO) traded in 59,059,916 shares, to make it among the volume leaders early Thursday afternoon. Share prices improved 2.12 percent to $19.76

Bona Film Group Ltd. (NasdaqGM: BONA) skidded in price 21.29 percent Thursday to $6.69, on volume of 7,715,365 shares on the day of its IPO. The largest privately owned film distributor in China, today announced that its initial public offering of 11,740,000 American depositary shares, each two ADSs representing one ordinary share of the Company, was priced at $8.50 per ADS.

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CYDE spikes, SIRI trades widely, CML loses grip

Thursday, December 9th, 2010

CyberDefender Corp. (NasdaqCM: CYDE) climbed 23.4 percent in price Thursday to $2.32. Volume was 705,781 shares, compared to a full day average of 64,517 shares. The L.A.-based provider of Internet security software, utilities and remote technical support services that work together to maximize online safety for consumers, today announced that it expects to file its amended financial reports and regain NASDAQ compliance before year’s end.

Sirius XM Radio Inc. (NasdaqGS: SIRI) traded in 108,238,179 shares, nearly doubling its full-day average. Share prices beamed up 4.56 percent to $1.375. Flagship broadcaster Howard Stern and SIRIUS XM Radio today announced a new five-year agreement. The news was first reported by Howard during his show this morning.

Compellent Technologies Inc. (NYSE: CML) plummeted in price 13.08 percent Thursday to $29.25, on volume of 4,856,183 shares, almost five times its full-day volume average. Dell and Compellent Technologies, Inc. today announced they are engaged in advanced discussions regarding a possible business combination involving the two companies.

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LEDS enjoys hearty IPO, BAC sells widely, OXM slides

Thursday, December 9th, 2010

SemiLEDS Corp. (NasdaqGS: LEDS) climbed 47.88 percent in price Thursday to $25.14. Volume was 3,659,012 shares, upon its IPO Thursday. The Hawaii-based developer and manufacturer of LED chips and LED components, announced today the pricing of its initial public offering of 5,250,000 shares of its common stock, at $17.00 per share.

Bank of America Corp. (NYSE: BAC) traded in 126,328,133 shares, making it a leader in volume, against its full-day average of 204,999,000. Shares progressed 2.58 percent to $12.31. Financial executives at U.S. companies expressed more optimism that their businesses will hire employees and see revenue growth in 2011, according to a recent Bank of America Merrill Lynch survey. Of the 801 executives surveyed in the bank’s annual CFO Outlook, 47 percent said they expect their companies to hire additional employees next year, up from 28 percent who forecast hiring last year.

Oxford Industries Inc. (NYSE: OXM) dipped in price 16.11 percent Thursday to $23.23, on volume of 402,535 shares, very nearly four times its full-day volume average. Atlanta-based Oxford Industries, Inc. Wednesday announced third quarter diluted net earnings per share were $0.33 compared to $0.26 in the third quarter of fiscal 2009.

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ARMH way up, WEN slides, PM stumbles

Wednesday, December 8th, 2010

ARM Holdings, plc (Nasdaq: ARMH) went skyward nearly 70 percent in afternoon trading, tacking on 13 cents to $19.06. Volume of 1,321,476 was still quite shy of the company’s three month daily average of 3,338,070. The UK-based ARMH designs microprocessors, physical intellectual property (IP), and related technology and software.

Wendy’s/Arby’s Group, Inc. (NYSE: WEN) took a pummeling Wednesday, losing 1.23 percent to trade at $4.80. Volume of 2,822,044 is closing in on the fast-food maker’s three month daily average of 4,078,760.

Philip Morris International, Inc (NYSE: PM) dropped .08 percent to $59.35 late Wednesday, on volume of 4,472,800, which is slightly more than half of the tobacco maker’s daily average. This morning, the Board of Directors of Philip Morris International Inc. declared a regular quarterly dividend of $0.64 per common share.

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