Posts Tagged ‘Technology Stocks’

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QTM makes headway, SIRI turns up volume, KONE trips

Wednesday, April 13th, 2011

Quantum Corp. (NYSE: QTM) shares added 15.7% to $3.07, on volume of 11.3 million, more than double its 4.5 million average, after the maker of backup programs for computers said NetApp Inc. (Nasdaq: NTAP) would sell its products around the world. NetApp shares increased 1.8% to $48.70.

SIRIUS XM Radio Inc. (Nasdaq: SIRI) bought and sold 39.3 million shares Wednesday, though below its daily average of 54.2 million. Prices rose 1.4% to $1.84, after announcing its reverse stock split won’t be extended.

Kingtone WirelessInfo Solution (Nasdaq: KONE) fell 9% in price to $1.80 Wednesday, on volume of 414,000, towering over its daily average of 61,000.

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GTXI gallops, CSCO clicks, NEP slips

Wednesday, April 13th, 2011

GTX Inc. (Nasdaq: GTXI) shares advanced 41.8% to $3.90, on volume of 2.9 million, dwarfing an average of only 85,000, after Citigroup Inc. upgraded the drug company to buy from hold.

Cisco Systems Inc. (Nasdaq: CSCO) traded in 49.2 million shares, making it a volume leader Wednesday, but still falling below its average of 77.5 million. Share prices were down 1.2% to $17.24.

China North East Petroleum (AMEX: NEP) plummeted 15.9% to $3.22, on volume of 2.5 million, towering over a daily average around 440,000.

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Posted in Energy Stocks, Health Care Stocks, Technology Stocks | No Comments »

EROC soars, ALU also spreads wings, MSB in the mud

Wednesday, April 13th, 2011

Eagle Rock Energy Partners L.P. (Nasdaq: EROC) shares rose 14.8% to $11.74, on volume of two million shares, or nearly seven times its daily average, a day after the natural-gas firm said it would acquire CC Energy II LLC.

Alcatel-Lucent (NYSE: ALU) did a brisk trade of 55.9 million shares, compared to a daily average of 37.5 million. Shares vaulted in price by 7.6% to $6.07, on announcing plans to expand its broadband network.

Mesabi Trust (NYSE: MSB) shares fell 8% to $35.55, on volume of 677,065, better than twice its daily average, a day after the owner of mining rights in parts of Minnesota said it cut its dividend.

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

CAK soars, LVLT basks, YUII ails

Wednesday, April 13th, 2011

CAMAC Energy Inc. (AMEX: CAK) was a surprise victor among market movers Wednesday, gaining 51.8% in price to $2.08. Volume was 6.1 million shares, or 12 times its normal full-day average.

Level 3 Communications Inc. (Nasdaq: LVLT) proved one of the most popular movers on Wall Street Wednesday, trading in 39.4 million shares, or twice its full-day average. Prices for the stock inched ahead 0.6% to $1.68, a day after announcing it was buying Global Crossing for $3 billion.

Yuhi International Inc. (Nasdaq: YUII) took a slip Wednesday, docking its price by 18.6% to $5.42, on 447,000 shares, compared to normal volume around 92,600.

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

RVBD flows, BAC solid, CPF swoons

Wednesday, April 13th, 2011

Riverbed Technology Inc. (Nasdaq: RVBD) shares rose 12.8% to $34.88, on volume of 12.3 million shares, compared to a daily average of 5.4 million, a day after the maker of computer-networking products projected first-quarter earnings above expectations.

Bank of America Corp. (NYSE: BAC) traded in 69.2 million shares, catching up on its daily average of 152.5 million. Prices slid 1.2% to $13.31, amid a general retreat among bank stocks.

Central Pacific Financial Corp. (NYSE: CPF) dipped 21.2% in price to $15.05 early Wednesday afternoon. Volume of 219,000 shares quadrupled its daily average.

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