Posts Tagged ‘technology’

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LPTH runs toward light, SIRI has stronger signal, SBAY sub-par

Thursday, March 24th, 2011

LightPath Technologies Inc. (Nasdaq: LPTH) soared an incredible 89.8% in early afternoon trade Thursday, to $2.60. Volume for this stock was 1.8 million shares, trampling its usual volume of less than 26,000, after announcing new direct-to-China sales channels.

Sirius XM Radio Inc. (Nasdaq: SIRI) was a volume leader Thursday, dealing in 35.6 million shares, making headway on an all-day volume of 55.1 million. Share prices were up as well, by 1.6% to $1.70.

Subaye Inc. (Nasdaq: SBAY) listed lower Thursday afternoon by 15.5% to $3.16. Volume of 102, 964 trailed its daily average of 145,298.

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MU major, NVDA cruising, SCHL flunks

Thursday, March 24th, 2011

Micron Technology Inc. (Nasdaq: MU) shares gained 8% to $11.07, on 60.7 million shares, surpassing a daily average of 41.3 million, after the maker of computer memory chips reported better-than-expected second-quarter results late Wednesday.

NVIDIA Corporation (Nasdaq: NVDA) saw 25.1 million shares come and go Thursday by noon ET, compared to an all-day volume of 32.3 million. NVDA shares went for $19.26 a pop, or 8.1% better than Wednesday’s close.

Scholastic Corporation (Nasdaq: SCHL) tripped 11.8% in early afternoon trading Thursday to $27.54. Volume was 627, 831 shares, or better than quadruple its daily average, after posting a Q3 net loss.

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CTAS pops, CSCO busy, ADBE ails

Wednesday, March 23rd, 2011

Cintas Corp.(Nasdaq: CTAS) shares rose 5.3% to $29.63 Wednesday, on volume of 2.2 million shares, better than double its daily average, after the uniform supplier projected earnings above Wall Street’s expectations.

Cisco Systems Inc. (Nasdaq: CSCO) did fair business Wednesday, trading in 29.6 million shares, compared to an average of 71.4 million shares. Share prices inched up 0.5% to $17.55

Adobe Systems Inc. (Nasdaq: ADBE) shares fell 5% to $31.25, on volume of 11.3 million shares, more than twice its daily average, after the graphic-design software company projected second-quarter results below Wall Street estimates.

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FORM firm, SIRI flat, CELL is selling

Monday, March 21st, 2011

FormFactor Inc.(Nasdaq: FORM) shares climbed 14.6% Monday to $9.90, on volume of just over a million shares, nearly twice what it would normally trade in a day, after a Citigroup analyst noted that the provider of test equipment to the semiconductor industry had a large order.

Sirius XM Radio Inc. (Nasdaq: SIRI) traded in 30 million shares Monday, and while impressive, it was just barely half of its normal volume of 56 million. Share prices were flat at $1.71, on word that meal ticket Howard Stern announced he was cutting back on his workload.

Brightpoint Inc. (Nasdaq: CELL) fell 15.3% Monday to $10.70, on volume of 2.8 million shares, or four times its normal volume, after the company entered into a strategic alliance with Intcomex.

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ENSG enviable, ALU alluring, ONSM off

Thursday, February 17th, 2011

Ensign Group Inc. (Nasdaq: ENSG) shares advanced 14% to $30.35, on volume of 209,000 shares, more than double its daily average, after the operator of rehabilitative centers reported a rise in fourth-quarter earnings.

Alcatel-Lucent (NYSE: ALU) was busy Thursday, trading in 51 million shares, doubling and then some its daily average. ALU prices improved 1.9% to $5.00.

Onstream Media Corporation (Nasdaq: ONSM) lost 9.6% in price Thursday to $1.23. Volume was 282,878 shares, more than double its daily average, a day after announcing an agreement with Franchise Professionals to create MarketPlace365 for the franchise industry.

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