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Jul
02
Posted: Yesterday   |   0 Comment(s)   |   Rating: 0 0
Posted by: ToddShriber

Textiles maker Unifi (UFI.NYSE) plunged 26 cents, or almost 18%, to $1.22 today, making the stock the biggest loser on the New York Stock Exchange. Volume was light as 100,000 fewer shares changed hand than usual.

Ah, what does one say about the textiles industry? To say it has been struggling in recent years would be kind. Unfortunately, this is the price we pay for globalization. Co...

Continue reading “Unifi Shares Falls Almost 18% On No News”

  
Jul
02
Posted: Yesterday   |   0 Comment(s)   |   Rating: 0 0
Posted by: ToddShriber

Discovery Laboratories (DSCO.NSDQ) plunged 54 cents, or 52%, to 51 cents, making the stock the biggest loser on the Nasdaq today. Volume was more than seven times the daily average.

The shares fell to their lowest level in 10 years after news broke that a Food and Drug Administration review standard places the approval of Discovery's drug Surfaxin in doubt. If approved, Surfaxin will ...

Continue reading “Discovery Laboratories Hammered On FDA Delay Of Surfaxin”

  
Jul
02
Posted: Yesterday   |   0 Comment(s)   |   Rating: 0 0
Posted by: ToddShriber

Elan (ELN.NYSE), the Irish biotech firm, rose 60 cents, or 8.6%, to $7.60 making the stock the biggest gainer on the New York Stock Exchange. Volume was nearly 13 times the daily average on news that pharma giant Johnson & Johnson (JNJ.NYSE) purchased a $1 billion in stake stake in Elan's portfolio of experimental drugs to treat Alzheimer's disease.

Elan told the Street it was exp...

Continue reading “Elan Shares Soar On Deal With Johnson & Johnson”

  
Jul
02
Posted: Yesterday   |   0 Comment(s)   |   Rating: 0 0
Posted by: ToddShriber

Patrick Industries (PATK.NSDQ), a maker of construction products for the manufactured homes and recreational vehicles industries, soared 48 cents, or 45%, to $1.54 today, making the stock the biggest gainer on the Nasdadq. Volume was about 50% higher than normal.

Talk about an odd move, especially given the circumstances surrounding Patrikc's two main sectors that it supplies. Ma...

Continue reading “Patrick Industries Soars 45%, Biggest Gainer on Nasdaq”

  
Jul
01
Posted: 2 days(s) ago   |   0 Comment(s)   |   Rating: 0 0
Posted by: ToddShriber

Compton Petroleum (CMZ.NYSE), a Canadian oil and gas concern, fell 10 cents, or 8.6%, to $1.07 today, making the stock the biggest loser on the New York Stock Exchange. Volume was 89,000 shares below the daily average.

Compton Petroleum sells crude oil and natural gas liquieds primarily to refineries and marketers of crude oil and natural gas liquids. Given the recent streng...

Continue reading “Compton Petroleum Shares Are NYSE's Biggest Loser”

  
Jul
01
Posted: 2 days(s) ago   |   0 Comment(s)   |   Rating: 0 0
Posted by: ToddShriber

CardioNet (BEAT.NSDQ) was hammered today after lowering its profit outlook for 2009. As a result, the medical device maker fell $6.75, or 41%, to $9.57, making the stock the biggest loser on the Nasdaq today. Volume was more than 23 times the daily average.

CardioNet now expects a profit of 30 cents to 35 cents per share and $156 million to $160 million in revenue this year, down...

Continue reading “CarioNet Shares Hammered On Lower Oulook”

  
Jul
01
Posted: 2 days(s) ago   |   0 Comment(s)   |   Rating: 0 0
Posted by: ToddShriber

Zep Inc. (ZEP.NYSE), a maker of cleaning products, soared $1.86, or 15.4%, to $13.91 today, making the stock the top gainer on the New York Stock Exchange. Volume was more than 50% higher than the daily average.

Georgia-based Zep releases fiscal third quarter earnings before the bell Thursday and analysts are calling for 14 cents a share in profits. Obviously the Street is expecting t...

Continue reading “Zep Suges 15% Ahead Of Thursday's Earnings Report”

  
Jul
01
Posted: 2 days(s) ago   |   0 Comment(s)   |   Rating: 0 0
Posted by: ToddShriber

Audiovox (VOXX.NSDQ), the maker of cell phones and other electronic accessories, rose 93 cents, or 16%, to $6.79 today, making the stock the biggest gainer on the Nasdaq. Volume was about 30% higher than usual despite the fact that there was no news on the company today.

Audiovox sells mobile multi-media video products, including in-dash, overhead, headrest, and portable mobile video ...

Continue reading “Audiovox Is Nasdaq's Top Gainer, Up 16%”

  
Jun
30
Posted: 3 days(s) ago   |   1 Comment(s)   |   Rating: 1 0
Posted by: ToddShriber

New Oriental Energy & Chemical (NOEC.NSDQ), a Chinese specialty chemicals firm, plunged 28 cents, or 20%, to $1.12 today, making the stock the biggest loser on the Nasdaq. Volume was more than five times the daily average.

New Oriental said it lost $3.7 million, or 30 cents a share in fiscal 2009, compared with a profit of $4 million, or 32 cents a share in fiscal 2008 as sales sl...

Continue reading “New Oriental Energy & Chemical Falls On Fiscal 2009 Loss”

  
Jun
30
Posted: 3 days(s) ago   |   0 Comment(s)   |   Rating: 0 0
Posted by: ToddShriber

Raser Technologies (RZ.NYSE), a geothermal power development company, fell $1.05, or 27%, to $2.80 today, making the stock the biggest loser on the New York Stock Exchange. More than 10 million shares changed hands compared to average daily trade of 671,000.

News that the company will sell 25.5 million in stock was the culprit behind the sell off. As I have noted so many times in...

Continue reading “Raser Technologies Slides 27% On News Of Share Offering”

  
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Jul
02
Posted by: ToddShriber
Yesterday

Textiles maker Unifi (UFI.NYSE) plunged 26 cents, or almost 18%, to $1.22 today, making the stock the biggest loser on the New York Stock Excha...

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