VRGY leaps, C busy, LTXC fades

Verigy Ltd. (NasdaqGS: VRGY) improved 30.42 percent in Monday’s first hour to $11.92. Volume of 6,269,040 shares easily outdistanced its normal full-day average volume of 846,028. VRGY, which makes semiconductor test equipment, this morning said it received an unsolicited $12.15-a-share cash acquisition bid from Advantest

Citigroup (NYSE: C) assumed its place among the volume leaders early Monday morning, trading in 134,580,936 shares, its full-day average around 464,320,000. Share prices backtracked, however, 0.11 percent to $4.45.

LTXCredence Corp. (NasdaqGM: LTXC) gave back 16.8 percent in price Monday to $7.03, on volume of 1,523,632 shares, nearly doubling its full-day average in just the first hour. The global provider of ATE solutions weighed in this morning on the prospective Adventest-Verigy deal, believe that it, LTXCredence, would be a better fit for Verigy.

Tags: C, communications, Financial Stocks, infrastructure stocks, LTXC, nasdaq, NYSE, Technology Stocks, VRGY

This entry was posted on Monday, December 6th, 2010 at 11:09 am by Glenn and is filed under Financial Stocks, Industrial Stocks, 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.