Las Vegas, NV -- (SBWIRE) -- 10/12/2012 -- Beststocksdaily is one of leading U.S. stock update providers to valued investors. Following are the notable volume movers as reported by http://beststocksdaily.com/
Glu Mobile Inc. (NASDAQ:GLUU) is currently trading at $3.22, 11.42% higher on a traded volume of 4.66 million shares. The company saw its shares jump nearly 11% to $3.20 on Friday morning following news that a venture capital firm run by one of the company's directors made a substantial purchase of the mobile game maker's shares, more than doubling its holdings.
A filing late Thursday indicated that GGV Capital, whose partner Hany Nada sits on Glu's board, bought about 3.24 million shares through a 10b5-1 plan. The shares were purchased at a price of $3.05.
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Webster Financial Corporation (NYSE:WBS) fell 4.16% to $22.14 on a traded volume of 578K shares. Webster Financial Corp.'s third-quarter earnings rose 6.5% as net charge-offs declined and interest income edged up. Webster Financial reported a profit of $45 million, up from $42.2 million a year earlier. Per-share earnings, which reflect the payment of preferred dividends, rose to 48 cents from 45 cents a year earlier.
Net interest income increased 2.3% to $144.9 million.
Analysts polled by Thomson Reuters had most recently forecast earnings of 46 cents on net interest income of $145 million.
Can WBS Continue to Fall? Find Out Here http://beststocksdaily.com/p2/index.php?company=WBS
Cummins Inc. (NYSE:CMI) added 0.07% to $86.55 on a traded volume of 1.36 million shares. Fitch Ratings upgraded Cummins Inc. further into investment-grade territory, citing the engine maker's strong operating profit and consistently low leverage.
Fitch boosted Cummins's rating to A from A-minus, placing it five notches below a top-level triple-A rating. The outlook is stable.
To Get complete technical analysis on CMI go to http://beststocksdaily.com/p2/index.php?company=CMI
DiamondRock Hospitality Company (NYSE:DRH) among the losers and the stock lost 4.80% to $9.13. For the period ended Sept. 7, the company reported a loss of $44.8 million, or 24 cents a share, compared with a year-earlier loss of $1 million, or a penny a share. Excluding acquisition costs, legal fees and other items, adjusted FFO was up at 18 cents from 16 cents. The company in February expected adjusted FFO of 18 cents to 19 cents.
Revenue increased 17% to $183.9 million. Analysts polled by Thomson Reuters most recently projected $191 million.
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