Afternoon Buzz: VRML, STRC more robust, Ford among volume leaders, CBAN ailing

Vermillion Inc. (NasdaqGM: VRML) rocketed up 35.71 percent to $6.65 in mid-afternoon trading on Monday. The company traded in 478,809 shares, more than tripling its three-month daily average of 100, 048. The company, based in Fremont, Calif., and makes diagnostics tests that help physicians to diagnose and treat patients, has an earnings conference call set for Thursday morning.

SRI/Surgical Express Inc. (NasdaqGM: STRC) tacked on 25.81 percent to $3.90 Monday, on volume of 45,785, easily trumping its three-month average of 3,464 shares. The Tampa-based provider of reusable surgical device reprocessing services responded to a proposed takeover bid, by adopting a Shareholder Rights Plan and declaring a dividend of one right on each outstanding share of the Company’s common stock.

Ford Motor Company (NYSE: F) was among the volume leaders mid-afternoon Monday with 106,306,518 shares traded. Normal daily volume for the carmaker is 65,873,900 shares. F shares prospered 0.99 percent to $16.37. Ford said Monday it is launching a 60-city tour to push its 2011 F-150 Roundup. Potential buyers can sign up for a Ford representative to bring the truck to the participant’s house or place of work for a 30-minute drive.

Colony Bankcorp Inc. (NasdaqGM: CBAN) dropped 16.98 percent in price Monday afternoon to $4.04. Volume for CBAN was a mere 553, compared to a three-month daily average of 1,838. The regional bank, based in Fitzgerald, Georgia, last reported earnings in late October, and it was not pretty. CBAN’s net loss was $1,384,000, or $(0.16) per diluted share for the third quarter of 2010, down from Q3 2009 net income of $18,000, or $0.00 per diluted share.

Tags: gainers, healthcare, nasdaq, NYSE

This entry was posted on Monday, November 8th, 2010 at 3:34 pm by Glenn and is filed under Consumer Discretionary Stocks, Health Care 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.