Posts Tagged ‘technology’

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BKI makes bucks, MSFT dialed in, XIN goes south

Wednesday, January 26th, 2011

Buckeye Technologies Inc. (NYSE: BKI) shares spiked 18.1 percent to $24.94, on volume of 1.6 million shares, beating its daily average of 449,548, on strong quarterly earnings of $17.1 million, or 42 cents a share, on sales of $209.5 million. That compares to net income of $46.3 million, of $1.18 per share, on sales of $183.3 million, a year ago.

Microsoft Corporation (Nasdaq: MSFT) was among the volume leaders Wednesday, exchanging 45.7 million shares compared to a daily average of 57.9 million. Share prices improved 1.2 percent to $28.80, on news the software giant shipped two million Windows phones last quarter.

China Xiniya Fashion Inc. (NYSE: XNY) shares tumbled 11.7 percent to $6.50, on volume of 483,556 shares, nearly double its daily average, after renewing its sponsorship agreement with a leading pop star in China

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

ONSM rises, AAPL busy, SBAY sub-par

Wednesday, January 19th, 2011

Onstream Media Corporation (Nasdaq: ONSM) climbed 16.7 percent to $1.26 Wednesday afternoon. Volume of 311,943 shares nearly quadrupled its full-day average. Based out of Pompano Beach, Fla., ONSM is a leading online service provider of live and on-demand Internet broadcasting, corporate web communications and virtual marketplace technology.

Apple Inc. (Nasdaq: AAPL) dealt in 35,634,665 shares, more than doubling its full-day average of 15,576,600. Prices for AAPL tailed off, however, by 0.6 percent to $338.38, after initially rebounding after the iPhone maker blew through earnings estimates on strong iPad sales.

Subaye Inc, (Nasdaq: SBAY) capsized 10.9 percent Wednesday to $10.89. Volume was 227,096 shares doubled its average daily volume of 114, 961. Tuesday, SBAY, a leading online business services provider in China engaged in enterprise cloud computing, launched Groupbuy as a standalone product and will not be offered as a component of Subaye’s Bundled Cloud Product.

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Posted in Technology Stocks | No Comments »

OCOL hurtles, SGAMY sells, CTLI gets bruised

Wednesday, November 10th, 2010

Bering Exploration Inc. (Pink Sheets: OCOL) formerly Oncolin Therapeutics, Inc.,  leaped in price by 29.03 percent mid-morning Wednesday to 40 cents. Volume was a scant 1,300 shares. The Houston-based oil company announced in late October that it has successfully drilled its first well on its South Texas prospect which has potential gross reserves of 5,000,000 barrels of oil and 46 BCF of natural gas.

Sega Sammy Holdings Inc. (Pink Sheets: SGAMY) saw 1,121,500 of its shares change hands in early trading Wednesday. The game magnate’s stock stumbled in price 1.49 percent to $3.96, still in the upper regions of a 52-week range that peaked at $4.13.

Compress Technologies Inc. (Pink Sheets: CTLI) took a header in the early hours Wednesday, losing 93.68 percent in price to 11 cents. Volume was 22,500 shares for a stock that peaked for the last 52 weeks at $2.00. CTLI is a Pompano Beach, Florida-area technology-based company.

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Posted in Consumer Discretionary Stocks, Energy Stocks, Technology Stocks | 1 Comment »

CIMT jets ahead, C, BAC hold own, SMT down on downgrade

Wednesday, November 10th, 2010

Cimatron Limited (NasdaqCM: CIMT) stood out amid all the initial gloom on Wednesday, gaining 68.54 percent in price to $3.00 in the first trading hour. Volume broke away from its three-month daily restraints of 6,132 and crowded the half-million mark to begin the day. The Israeli-based provider of integrated CAD/CAM solutions for the toolmaking and manufacturing industries announced third-quarter revenues were up 26% from the same quarter last year.

Citigroup (NYSE: C) proved the volume leader early Wednesday, trading in 107,771,989 shares in the first hour. The banking group even managed to forge ahead in price by 0.47 percent to $4.32.

Bank of America Corporation (NYSE: BAC) traded in 48,192,182 shares in the first hour Wednesday, compared to a daily three-month average of 193,972,000. BAC shares inched up 0.16 percent to $12.29.

Smart Technologies Inc. (NasdaqGS: SMT) saw its price tumble 27.47 percent in Wednesday’s first hour to $9.48. Volume in SMT hit 6,537,933 shares in the opening hours, more than 10 times its three-month average. The slip comes after a downgrade by RBC Capital Markets to “sector perform” from “outperform”.

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Posted in Financial Stocks, Industrial Stocks, Technology Stocks | 1 Comment »

WSP keeps gaining, MGM among volume leaders, IIIIU slides

Monday, November 8th, 2010

WSP Holdings Limited (NYSE: WH) sprinted ahead 14.39 percent Monday to register at $1.59 soon before the closing bell. Volume was 313,312 shares, more than triple its daily average. WSP Holdings is a leading Chinese manufacturer of API (American Petroleum Institute) and non-API seamless casing, tubing and drill pipes used in oil and natural gas exploration.

MGM Resorts International (NYSE: MGM) got traction in late Monday trading, moving up 6.77 percent to $12.93. Volume of 76,693,483 shares dwarfed its three-month daily average of 27,642,800. The company announced last week that it has closed its previously-announced sale of four long-term ground leases and their respective underlying real property parcels at The Borgata Hotel Casino & Spa in Atlantic City, New Jersey.

Information Services Group Inc. (NasdaqGM: IIIIU) sank 23.48 percent late Monday to $6.68. Volume was 113,778 shares. The stock’s three-month daily average was not available at press time. The Stamford, Conn. Company was founded in 2006 to build an industry-leading, high-growth, information-based services company by acquiring and growing businesses in advisory services, including strategy, implementation and management, and market information, including market measurement, analytics and related products and services.

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

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