Benzinga’s Volume Movers (ROVI, CVVT, KIRK, CTRN, ULTA)
Rovi Corporation (NASDAQ: ROVI) shares moved up 2.00% to $37.74. The volume of ROVI shares traded was 1021% higher than normal. ROVI has priced $400 million aggregate principal amount of 2.625% convertible senior notes due 2040. Read more about this company here.
China Valves Technology Inc (NASDAQ: CVVT) shares climbed 4.75% to $12.78. The volume of CVVT shares traded was 557% higher than normal. CVVT has projected its net income for fiscal 2010 74% higher than the 2009 figure. Read more about this company here.
Kirkland's Inc (NASDAQ: KIRK) shares rose 3.95% to $20.28. The volume of KIRK shares traded was 557% higher than normal. KIRK reported a strong Q4 profit, backed by robust customer traffic at its stores. Read more about this company here.
Citi Trends Inc (NASDAQ: CTRN) shares moved up 4.11% to $31.17. The volume of CTRN shares traded was 542% higher than normal. CTRN posted an increase in Q4 profit, helped by growth in sales, and gave 2010 earnings guidance above Wall Street's expectations. Read more about this company here.
Ulta Salon, Cosmetics & Fragrance Inc (NASDAQ: ULTA) shares climbed 4.22% to $22.45. The volume of ULTA shares traded was 537% higher than normal. ULTA had posted a better-than-expected Q4 profit, backed by improved merchandise margins and tighter cost controls. Read more about this company here.
