29th
July 6:44am
NASDAQ high volume falls: (SIRI, RFMD, DRYS, MPEL, BPOP)
Dear PSL members,
NASDAQ high volume falls: (SIRI, RFMD, DRYS, MPEL, BPOP)
Sirius XM Radio Inc. (NASDAQ: SIRI) plunged by 1.96% to close at $1 whereas overall traded volume stood at 27.23 million shares. Sirius XM Radio Inc. has two principal wholly owned subsidiaries, XM Satellite Radio Holdings Inc. and Satellite CD Radio Inc. The Company is engaged in broadcasting its music, sports, news, talk, entertainment, traffic and weather channels in the United States for a subscription fee through its satellite radio systems, the SIRIUS system and the XM system. The SIRIUS system consists of four in-orbit satellites, approximately 125 terrestrial repeaters that receive and retransmit signals, satellite uplink facilities and studios. The XM system consists of four in-orbit satellites, over 650 terrestrial repeaters that receive and retransmit signals, satellite uplink facilities and studios. Subscribers can also receive certain of its music and other channels over the Internet.
RF Micro Devices, Inc. (NASDAQ: RFMD) went down by 5.63% and closed at $4.19 with total traded volume of 11.66 million shares in the last trading day.
DryShips Inc. (NASDAQ: DRYS) closed at $4.5 after moving down by 0.66% whereas traded volume stood at 10.89 million shares for the day. DryShips Inc. is a holding company. The Company is engaged in the ocean transportation services of drybulk cargoes worldwide through the ownership and operation of the drybulk carrier vessels and deepwater drilling rig services through the ownership of ultra-deep water drilling rigs. As of April 6, 2010, the Company owned, through its subsidiaries, a fleet of 39 drybulk carriers consisted of seven Capesize, 28 Panamax, two Supramax vessels and two Panamax newbuilding vessels, which have a combined deadweight tons of approximately 3.3 million dead weight tons. Its drybulk fleet principally carries a variety of drybulk commodities, including major bulk items, such as coal, iron ore, and grains, and minor bulk items, such as bauxite, phosphate, fertilizers and steel products.
Melco Crown Entertainment Ltd (NASDAQ: MPEL) closed at $3.83 after dropping by 7.26% with overall traded volume of 9.56 million shares in the last trading session. Melco Crown Entertainment Limited (MPEL) is a developer, owner and, through its subsidiary Melco Crown Gaming, operator of casino gaming and entertainment resort facilities focused on the Macau market. Melco Crown Gaming is one of the six companies licensed, through concessions or sub-concessions, to operate casinos in Macau. The Company owns and operates City of Dreams, Altira Macau, Mocha Clubs and Taipa Square Casino. Its other projects include City of Dreams Phase II, Macau Studio City Project and Macau Peninsula Site.
Popular, Inc. (NASDAQ: BPOP) witnessed the correction of 2.09% to close at $2.81 whereas total traded volume stood at 8.45 million shares. Popular, Inc. is a diversified, publicly owned bank holding company. The Company operates in three markets: Puerto Rico, the United States mainland and providing processing and other technology services in Puerto Rico, Florida, Venezuela, the Dominican ReEl Salvador and Costa Rica. The Company’s offer in Puerto Rico a range of retail and commercial banking services through its principal bank subsidiary, Banco Popular de Puerto Rico (Banco Popular or the Bank). The Bank accounted for 67% of total consolidated assets of the Company at December 31, 2009. Banco Popular has retail franchise in Puerto Rico, with 173 branches and over 580 automated teller machines (ATM’s). The Bank also operates seven branches in the United States Virgin Islands, one branch in the British Virgin Islands and one branch in New York. Banco Popular’s deposits are insured under the Deposit Insurance Fund (DIF) of the Federal Deposit Insurance Corporation (the FDIC).
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