WSP goes skyward , BAC active, MGIC heads south

WSP Holdings Limited (NYSE: WH) moved higher 33.65 percent in price Monday to $1.39. Volume of 2,025,559 shares proved about 20 times its full-day average, as the Chinese drilling pipe manufacturer said its subsidiary received about $91.8 million in new orders.

Bank of America Corp. (NYSE: BAC) was a volume leader Monday, trading in 61,883,919 shares, making progress against its daily average of 214,418,000. Share prices for BAC inched 0.84 percent up to $12.68. AEGON USA Realty Advisors, LLC and Bank of America Merrill Lynch today announced that they have entered into a formal agreement in which BofA Merrill Lynch will utilize AEGON’s commercial real estate lending expertise and significant industry relationships to source new lending opportunities.

Magic Software Enterprises Ltd. (Nasdaq: MGIC) took a header in price, 11.80 percent Monday to $6.74, on volume of 1,908,951 shares, or more than triple its full-day average. The Israeli global provider of cloud and on-premise enabled application platform and business integration solutions today announced that it entered into definitive agreements, to sell securities to institutional investors in a private placement for aggregate gross proceeds of approximately $21.2 million.

Tags: bac, Energy Stocks, Financial Stocks, mgic, nasdaq, NYSE, Technology Stocks, WH

This entry was posted on Monday, December 20th, 2010 at 1:30 pm by Glenn and is filed under Energy Stocks, Financial 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.