Dallas 3/25/2011 7:12:50 AM
News / Finance

NOEC, COV, DRIV, AVAV, RF: Increased Volatility Due to Recent News Announcements

Increased Volatility Due to Recent News Announcements: NOEC, COV, DRIV, AVAV, RF

AeroVironment (NASDAQ:AVAV) has gained 0.97% to settle at $34.31 a share with a volume of 172,000 shares. For the past 52 weeks the stock has been trading between $20.70 and $34.78 with an average P/E ratio of 30.64 and a beta of 0.27.

AeroVironment, Inc. designs, develops, produces and supports a portfolio of unmanned aircraft systems (UAS), supplied to organizations within the United States Department of Defense (DoD), charging systems for electric vehicle batteries and power cycling and test systems supplied to commercial and government customers. The Unmanned Aircraft Systems business segment focuses primarily on the design, development, production and support of UAS. The Efficient Energy Systems business segment focuses on the design, development, production and support of electric energy systems, which addresses the demand for clean transportation.

New Oriental Energy & Chemical Corp. (NASDAQ:NOEC) has gained 27.5% to settle at $.51 a share with an average volume of 166,368 shares. For the past 52 weeks the stock has been trading between $.61 a share and $1.90 a share with an average market cap of $10.72 million and 70 million outstanding common shares.

New Oriental Energy & Chemical Corp. (NOEC) through its wholly owned subsidiary, Henan Jinding Chemical Co., Ltd. (Jinding) is engaged in the manufacturing and distribution of fertilizer and chemical products. The products are distributed to markets in the People's Republic of China. The primary business of the Company is the manufacturing and selling of urea, a chemical used as fertilizer for crops and in certain manufacturing processes, including the manufacturing of resin, plastic and medicine. NOEC is also engaged in the production and selling of methanol. The other products manufactured by the Company include Ammonium Hydrogen Carbonate, which can be used as a fertilizer for crops, and in the pharmaceutical and food industries.

Digital River (NASDAQ:DRIV) has gained 3.54% to settle at $36.24 with a volume of 465,089 shares. For the past 52 weeks the stock has been trading between $23.22 and $39.10 with an average P/E ratio of 84.68 and a beta of 1.43.

Digital River, Inc. is engaged in providing end-to-end global e-commerce and marketing solutions to a variety of companies in software, consumer electronics, computer games, video games, and other markets. Its services include design, development and hosting of online stores and shopping carts, store merchandising and optimization, order management, denied parties screening, export controls and management, tax compliance and management, fraud management, digital product delivery via download, physical product fulfillment, subscription management, online marketing including e-mail marketing, management of affiliate programs, paid search programs, payment processing services, Website optimization, Web analytics and reporting, and compact disc (CD) production and delivery.

Covidien (NYSE:COV) has gained 0.5% to settle at $51.85 with a volume of 3.39 million shares. For the past 52 weeks the stock has been trading between $35.12 and $53.75 with an average volume of 8 million shares and a beta of 0.8.

Covidien Public Limited Company, formerly Covidien Ltd. is engaged in the development, manufacture and sale of healthcare products for use in clinical and home settings. The Company operates its businesses through three segments: Medical Devices, Pharmaceuticals and Medical Supplies. Medical Devices includes the development, manufacture and sale of endomechanical instruments, soft tissue repair products, energy devices, oximetry and monitoring products, airway and ventilation products, products used in vascular therapies and other medical products.

Regions Financial (NYSE:RF) has fallen 0.68% to settle at $7.13 a share with a volume of 7.89 million shares traded by the end of the day. For the past 52 weeks the stock has been trading between $5.04 and $9.33 with an average beta of 1.26.

Regions Financial Corporation (Regions) is a financial holding company that operates throughout the South, Midwest and Texas. The Company provides traditional commercial, retail and mortgage banking services, as well as other financial services in the fields of investment banking, asset management, trust, mutual funds, securities brokerage, insurance and other specialty financing. Regions conducts its banking operations through Regions Bank, a commercial bank that is a member of the Federal Reserve System.

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Forward-Looking Statement: This press release includes "forward-looking statements" within the meaning of the federal securities laws, commonly identified by such terms as "believes," "looking ahead," "anticipates," "estimates" and other terms with similar meaning. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from the Company's projections and expectations are disclosed in the Company's filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions.

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