NYSE:RSH

Market Turns Negative In Early Trading: VRNG, FFN, VRTX, RSH, MNKD, GNTX

January 31, 2012 By Leave a Comment

Stocks are turning negative today after starting the day in the green. Disappointing economic news is the main contributor to the downward turn. Home prices fell for the third straight month. The Standard & Poor’s/Case-Shiller home-price index shows prices keeps track of home prices in 20 different cities. 19 of the 20 cities saw prices drop in November with the biggest drops happening in Atlanta, Chicago and Detroit. Phoenix was the only city to see an increase in prices. Consumer confidence and business activity in the Midwest also fell last month. Taking a look at the market right now; the Dow is down 60 points, the Nasdaq is down 7 points and the S&P 500 is down 4 points. Jason Bond’s strategy has made over $156,000 in 10 months, isn’t it time you join him?

Vringo, Inc. (AMEX:VRNG) is up 35.38% today at $1.5704. VRNG has traded 1.8 million shares this morning, way above its daily average of 64 thousand shares. VRNG shares are jumping today after the company announced the launch of a new version of Facetones customized for latest Nokia mobile devices. The company has a market cap of 9.84 million.

FriendFinder Networks Inc. (NASDAQ:FFN) is up 21.71% today at $1.2901. FFN has traded nearly 3 million shares so far today, more than 10 times its daily average. A lot of social media stocks have been trending higher the past few days due to reports of a Facebook IPO. The company has a market cap of 39.65 million.

Vertex Pharmaceuticals Inc. (NASDAQ:VRTX) is up 8.81% this morning at $37.80. VRTX has traded 5.8 million shares so far today, close to double its daily average. VRTX shares are jumping today on news that the FDA approved Vertex’s cystic fibrosis treatment Kalydeco. The company has a market cap of 7.74 billion.

Radioshack Corporation (NYSE:RSH) is down 28.74% in early trading at $7.28. RSH has traded nearly 30 million shares today, more than 10 times its daily average. RSH shares took a nose dive following a disappointing fourth quarter earnings forecast. Radioshack is forecasting earnings of around $0.12, while Wall Street was expecting $0.37 a share. The company has a market cap of 727.81 million. Jason Bond’s strategy has made over $156,000 in 10 months, isn’t it time you join him?

MannKind Corporation (NASDAQ:MNKD) is down 13.85% today at $2.7310. MNKD has traded 1.3 million shares so far today, about double its daily average. MNKD shares are falling today as the company announces public offering of $50 million in common stock and warrants. The company has a market cap of 336.43 million.

Gentex Corporation (NASDAQ:GNTX) is down 10.03% today at $27.10. GNTX has traded 2.2 million shares so far today, well above its daily average of 753 thousand shares. GNTX shares are lower right now as the company missed fourth quarter earnings estimates by $0.02. The company has a market cap of 3.93 billion.

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RadioShack Tanks After Disappointing Fourth-Quarter Earnings Forecast

January 31, 2012 By Leave a Comment

RadioShack (NYSE:RSH) is tanking today and is down nearly 30% right now after forecasting fourth quarter earnings of $0.11-0.13. Wall Street was expecting around $0.37 a share.

RadioShack blamed Sprint (NYSE:S) for its weak forecast saying weakness in Sprint’s business offset sales growth from its partnership with Verizon Wireless. “We are disappointed that these positives were overshadowed by significant declines in our Sprint business,” said President and Chief Executive Jim Gooch.

Sprint has been dealing with huge costs after getting Apple’s iPhone 4S and trying to keep customers. Some analysts are saying that Sprint is getting stricter about consumer’s credit scores needed to apply or its wireless plans. Margins from wireless revenue are lower than RadioShack’s primary business. Anthony Chukumba, an analyst with BB&T Capital Markets likened wireless to a “double-edged sword.”

RadioShack’s decline started in after hours trading yesterday immediately after the company announced their dismal forecast. Currently, RSH shares are down more than 28% at $7.299. The stock has traded 28.5 million shares today, more than 10 times its daily average volume.

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After Hours Gainers: REE, LTBR, ZAGG, STP, RSH, RGC

December 27, 2011 By Leave a Comment

Rare Element Resources Ltd. (AMEX:REE) is up 6.86% in after hours trading at $3.88. REE traded 655 thousand shares today and trades 807 thousand shares a day on average. REE stock is down about $0.40 over the past five trading days. The company has a market cap of 160.07 million.

Lightbridge Corporation (NASDAQ:LTBR) is up 5.94% in after hours trading at $2.14. LBTR traded 51 thousand shares today. LTBR stock is down slightly over the past few days. The company has a market cap of 25.10 million. Maximize Your Trades With Profitly

ZAGG inc. (NASDAQ:ZAGG) is up about 1% in after hours trading at $7.90. ZAGG has traded 951 thousand shares and averages 961 thousand shares a day. The company announced earlier today that Horizons Ventures purchased a $3 million stake in HzO which ZAGG also owns a stake in. The company has a market cap of 232.63 million.

Suntech Power Holdings Co. Ltd. (NYSE:STP) is up 2.30% in after hours trading at $2.22. STP traded 1.7 million shares today and usually trades 3.9 million shares daily. Sempra’s Mesquite Solar Plant, which uses Suntech solar panels, started producing power in Arizona. The company has a market cap of 391.80 million.

RadioShack Corp. (NYSE:RSH) is up 3.26% at $9.81. RSH has traded 2.2 million shares today with a daily average volume of 2.7 million shares. RadioShack shares finished down 3.16% today. The company has a market cap of 948.45 million. Maximize Your Trades With Profitly

Regal Entertainment Group (NYSE:RGC) is up 3.70% in after hours trading at $12.33. RGC traded 2.9 million shares. RGC stock has been in a bit of a downtrend the past few trading days. The company has a market cap of 1.83 billion

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