These stocks were very popular in Monday’s trading session, we glance through them as follows:
Granite Real Estate Inc (USA) (GRP) stock price retreated 1.46%, or $0.53, to $35.66, on a volume of 137,616 shares versus the daily average of 130,332 shares. The real estate company last Wednesday reported its second quarter results; net income was C$18.7 million or C$0.40 per share on revenue of C$45.5 million versus C$110 million or C$2.33 per share on revenue of C$44.9 million last year.
Groupon Inc (GRPN) gained 1.48%, or $0.11, to $7.55, on a volume of 30.85 million shares, much higher than its daily average of 8.27 million shares, making it one of the hot stocks today. GRPN stock price plunged more than 19% in the after-hours trading. Groupon released its Q2 2012 financial performance, showing that revenue increased to $568.3 million from $392.6 million in the same period of last year, an increase of 45%, but still below the Wall Street’s average estimate of $573 million. Net income attributable to common stockholders was $28.4 million, or $0.04 per share, compared to a net loss of $107.4 million, or a loss per share of $0.35 a year ago. The company also issued the fiscal 2012 third quarter guidance in line with the analyst’s expectations.
Tesoro Corporation (TSO) stock price advanced 9.49%, or $3.37, to $38.87, on a volume of 15.16 million shares, much higher than its daily average of 4.28 million shares. The petroleum refiner and marketer announced it has agreed to buy BP PLC’s southern California refining and marketing business for approximately $2.48 billion.
SYSCO Corporation (SYY), one of the hot stocks, saw its stock price climbing 4.51%, or $1.30, to $30.14, on a volume of 11.45 million shares, well above its daily average of 3.28 million shares. The food and related products distributor reported its fiscal fourth quarter net profit of $309.3 million, or 53 cents per share, down 8% from $336.3 million, or 57 cents per share, a year earlier; the earnings result was also lower than the average analyst estimate of 54 cents. Revenue was $11.04 billion in line with the consensus estimate.
Pizza Inn, Inc. (PZZI) stock price jumped 17.17%, on a volume of 2.13 million shares, well above its daily average of 37,308 shares. The restaurant and franchise operator recently won the prestigious 2012 Hot Concepts! award for its Pie Five Pizza division from Nations Restaurant News. This added big growth potential to the company as the concept has proven to be very promising.
Alexza Pharmaceuticals, Inc. (ALXA) came in as one of the hot stocks today, by spiking 38.85%, or $1.15, to $4.11, on a volume of 2.55 million shares, almost ten times its daily average of 269,218 shares. The pharmaceutical company. Alexza reported its 2012 second quarter financial results recently. Net loss for this quarter was $7.0 million, lower than $9.0 million in the same period of last year. The stock got its outperform rating reissued by analysts at JMP Securities last Friday.