TNB quiets doubters, CSCO gets jolt, CCME takes bath

Thomas & Betts Corp. (NYSE: TNB) shares gained 8.7% to $51.38, on volume of 1.5 million shares, triumphing over its daily average of 323,268, after the electrical component manufacturer reported fourth-quarter profit that beat expectations.

Cisco Systems Inc. (Nasdaq: CSCO) traded in 36.6 million shares, barely half its daily volume of 73.3 million. Prices for the stock increased 1.1 percent to $21.15, after learning CSCO and Ecototality were teaming up on a new electric car charging mechanism.

China MediaExpress Holdings (Nasdaq: CCME) shares plunged 14.5 percent to $17.84, on volume of 7.2 million shares, more than five times its daily average, after Citron Research opined the stock was “too good to be true.”

Tags: CCME, china stocks, communications, consumer discretionary, CSCO, Technology Stocks, TNB

This entry was posted on Monday, January 31st, 2011 at 4:26 pm by Glenn and is filed under Technology Stocks. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.