Posts Tagged ‘Technology Stocks’

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IIIIU flies, SIRI flies off shelves, ONP takes bruising

Monday, November 15th, 2010

Information Services Group Inc. (NasdaqGM: IIIIU) ballooned in price Monday by 66 percent to $4.27. Volume in IIIIU shares was 188,589, its three-month daily average not available at press time. The industry-leading, information-based services company is based out of Stamford, Ct.

Sirius XM Radio Inc. (NasdaqGM: SIRI) traded in 72,707,864 shares Monday, just short of its daily average of 74,926,100. SIRI shares skidded 2.46 percent, though, to $1.38. General Electric purchased two million shares of Sirius XM common stock last quarter.

Orient Paper Inc. (AMEX: ONP) took a pasting in late trading Monday, dropping 25.67 percent in price to $4.75. Volume was 2,063,827 shares, more than six times its normal daily average. ONP filed its quarterly report Monday.

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

HHC gets boost, S trades widely, WG sags

Monday, November 15th, 2010

The Howard Hughes Corporation (NYSE: HHC) climbed in price 9.17 percent to $40.35 in mid-afternoon trading on Monday. Volume in the company was 371,160 shares, within sight of its three-month daily average of 481,350. HHC was the result last week of a spinoff involving former parent company General Growth Properties Inc., the second-largest U.S. mall operator.

Sprint Nextel Corporation (NYSE: S) was among the volume leaders in late-afternoon trading Monday, doing business in 48,858,413 shares, compared to a full-day average of 45,064,600. The stock got punished, though, 3.35 percent in price to $3.89. Sprint announced Monday it has extended its WiMAX wireless broadband service to Sacramento, Calif, adding that it had opened its fifth California market and plans to begin selling the fourth-generation (4G) service in Los Angeles and San Francisco by the end of the year.

Willbros Group Inc. (NYSE: WG) lost ground Monday in its stock price, dropping 8.47 percent to $7.56. Volume in WG was 1,188,206 shares, compared to a daily average of 416,564.  Houston-based Willbros Group is an independent contractor serving the oil, gas, power, refining and petrochemical industries

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Posted in Energy Stocks, Industrial Stocks, Technology Stocks | No Comments »

FTK runs, CSCO does brisk business, MMYT tagged on taxes

Monday, November 15th, 2010

Flotek Industries Inc. (NYSE: FTK) galloped ahead 9.7 percent to $2.94. Volume was 1,511,761 shares, or triple its daily average in volume. Houston-based FTK manufactures and markets innovative specialty chemicals, downhole drilling and production equipment, and manages automated bulk material handling, loading and blending facilities.

Cisco Systems Inc. (NasdaqGS: CSCO) engaged in share volume of 79,993,770 in mid-afternoon trading Monday, climbing over its daily average of 67,017,800. CSCO stock skidded, though, by 0.62 percent in price to $20.02. The San Jose-based software giant announced Monday it will host a live Cisco TV broadcast and Q-and-A session to discuss what organizations need to consider as they transition to IPv6, a version of the Internet Protocol that is designed to succeed the current IPv4 protocol.

MakeMyTrip Limited (NasdaqGM: MMYT) got bruised in mid-afternoon trading Monday, losing 23.25 percent in price to $29.28. MYMT volume was 2,008,990 shares, or four times its daily average. The Indian travel company reported weak quarterly results and said it received a demand of service tax from regulators. For the second quarter, MakeMyTrip reported an adjusted profit of two cents a share in line with analysts view, according to Thomson Reuters I/B/E/S. Excluding service costs, revenue totalled $12.9 million, below estimates of $13.7 million.

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Posted in Industrial Stocks, Technology Stocks | No Comments »

PFIN surges, LVLT trades widely, SRDX bruised

Thursday, November 11th, 2010

P & F Industries Inc. (NasdaqGM: PFIN) sprinted ahead in mid-morning trade Thursday by 38.12 percent to $2.79. Volume in this stock was40,315 shares, greater than six times the number it would normally have in a whole day. Wednesday, the Melville, N.Y. company reported revenue of $14,267,000, compared to $13,144,000 for the same period in 2009. For the three-month period ended September 30, 2010, the Company reported income after taxes from continuing operations of $632,000, compared to $56,000 during the three-month period ended September 30, 2009.

Level 3 Communications Inc. (NasdaqGS: LVLT) did brisk trade of 49,621,850 shares as the clock approached noon ET on Thursday, in contrast with full-day average volume of 29,166,400 shares. Shares in LVLT hiked 12.62 percent to $1.16. The activity follows an announcement by LVLT that it has been selected to serve as a primary content delivery network provider for Netflix, Inc. to support the company’s streaming functionality and to support storage for the entire Netflix library of content.

SurModics Inc. (NasdaqGS: SRDX) took a pasting on price Thursday near noon ET, falling 27.23 percent to $9.54. Volume for the stock was 777,146 shares, trampling over its usual daily average volume of 63,936. The Minnesota-based drug delivery company reported a loss of $21.7 million, or $1.25 per share, for the quarter ended Sept. 30, versus a profit of $2.7 million, or 16 cents per share, for the same period in 2009.

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Posted in Industrial Stocks | No Comments »

Small-cap markets awash in AWSH, XSRAY seeks new peak, GCPL, IZON slump

Thursday, November 11th, 2010

American Wenshen Steel Group Inc. (OTCBB: AWSH) surged 19,300 percent in the first hours of Thursday’s trading to 97 cents, approaching a new 52-week high. Volume was a mere 100 shares, however.

Xstrata plc (Pink Sheets: XSRAY) proved one of the small cap markets most active issues early Thursday, its volume a whopping 1,327,098 shares. The stock picked up 3.87 percent in price to boot, surging to $4.56, approaching a new 52-week high.

Global Capital Partners, Inc. (Pink Sheets: GCPL) took it on the chin early Thursday, loosening 98.95 percent from its price to four-100ths of a cent, on only 100 shares. The stock has known a 52-week high of 3.8 cents.

InZon Corp. (Pink Sheets: IZON) fell in price Thursday by 95 percent to three-100ths of a cent on volume of 2,725 shares. The communications company, based in Delray Beach, Fla.., has seen a stock high of 10 cents during the last 52 weeks.

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Posted in Energy Stocks, Financial Stocks, Technology Stocks | No Comments »

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