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Los Angelas, CA -- (SBWIRE) -- 10/18/2012 -- Cathay General Ba (NasdaqNM:CATY) is +1.95 - +11.52% from the previous close of $16.92. It traded between $17.69 - 19.15 with total traded volume of 1282007 shares. Keep a close eye on CATY, as the stock has been showing unusual moves over the past weeks. At Current market price, CATY has recovered +58.57% from its 52-week Low of 11.90 and has Pulled back -1.46% from its 52-week high of 19.15. Cathay General Bancorp(NASDAQ:CATY) stock gained 11.52% to $18.87 after the company reported third quarter net income of $30.4 million, an increase of $4.3 million, or 16.4%, as compared to net income of $26.1 million in the same quarter a year ago. Non-performing assets decreased $145.0 million, or 48.2%, to $155.6 million at September 30, 2012, from $300.6 million at December 31, 2011, and decreased $42.4 million, or 21.4%, from $198.0 million at June 30, 2012. Additionally, B. Riley upgraded shares of CATY to a buy rating in a research note issued to investors today.
Can CATY Continue To Move Higher? FIND OUT HERE
Shares of KIT digital, Inc. (NasdaqNM:KITD) are trading at $2.37 and is -17.41% from its 50-day Moving Average price of $2.8697 and -41.18% from its 200-day Moving Average price of $4.0293. The average trading volume is 541735 shares and its market capitalization is $135.3M. Shares of KIT digital (NASDAQ: KITD), the New York City video management software and services company, rose 11.27% Wednesday on higher than average volume. KIT digital working in partnership with the Trade & Development Bank (TDB) of Mongolia, announced Wednesday that Bloomberg Television has launched Bloomberg TV Mongolia, the first international news operation based in one of the fastest-growing investment environments in Asia. The HD channel went on air on the 8th of October 2012, using a tightly integrated production and playout platform designed and built by KIT digital.
Should Investor Invest Money In KITD Or Wait: CLICK HERE
Centene Corporati (NYSE:CNC) is +3.83 - +10.95% from the previous close of $34.98. It traded between $35.07 - 39.45 with total traded volume of 3259075 shares. At Current Market Price, CNC is in distance of +2.66% from its 50-day Moving Average price of $37.8049 and +3.66% from its 200-day Moving Average price of $37.4383. Centene Corporation (NYSE:CNC) - up 10.3 percent. Announced today that its subsidiary, Kentucky Spirit Health Plan (Kentucky Spirit), has notified the Cabinet for Health and Family Services that it is exercising a contractual right that it believes allows Kentucky Spirit to terminate its Medicaid managed care contract with the Commonwealth of Kentucky effective July 5, 2013. In addition, Kentucky Spirit has filed a formal dispute with the Cabinet for damages incurred under the contract.
Can CNC Continue Rally From Here Or Going Down : CLICK HERE To Know More
Cree, Inc. (NasdaqNM:CREE) is +2.7317 - +10.43% from the previous close of $26.1883. It traded between $27.85 - 29.71 with total traded volume of 7998835 shares. Keep a close eye on CREE, as the stock has been showing unusual moves over the past weeks. At Current market price, CREE has recovered +42.81% from its 52-week Low of 20.25 and has Pulled back -13.54% from its 52-week high of 33.45. Cree Inc (NASDAQ:CREE) soared 10.43% to $28.92 on a traded volume of 4.26 million shares. has posted mixed results for its first quarter ended September 23. It earned revenue of $315.8 million in this period, an increase of 17 percent from the first quarter last year. Sequentially, the revenue rose 3 percent. Analysts had expected revenue of $317.9 million for the period. The company’s non-GAAP earnings were 27 cents a share, slightly higher than analysts’ estimates.
Will CREE Continue To Move Higher? To Know More Just CHECK HERE
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