Archive for August, 2010
Gigamedia Ltd. (NASDAQ:GIGM) decision to announce its second quarter results before the market opens today was obviously a good one. As least considering yesterday’s trading session, in which the anxiety was enormous and the stock made a real break up. In expectation of the news, GIGM share price jumped 13.27% up and closed the market at $2.22, breaking up its trading channel on over 3.3 million share volume. Thus, today’s opening of almost 8% down will make up an interesting trading session as there were no updates on Gigamedia’s business recently. In the middle of July, the company registered 1.2...
Somaxon Pharmaceuticals, Inc. (NASDAQ:SOMX) stock became a mega gainer yesterday after the second for the year milestone event was announced. SOMX surged 28.78% up to close at $4.34 on a volume, comparable only to the volume from the day on which the FDA approval for Silenor, the company’s one and only product, was announced: more than 31 million shares changed hands, or over seven times the average. Along with the large gap up, the stock also noted its first for this year promotional disclosure. It seems that the milestone news about a fateful sales agreement have caught the attention of...
Yesterday, Cardica, Inc. (NASDAQ:CRDC) stock made its first step towards regaining compliance with the NASDAQ listing requirements. In addition, the stock also ranked among the “most advanced” NASDAQ stocks thanks to its remarkable value and volume gains. At firsts glance, it seems that the event responsible for the stock becoming one of the highlights on yesterday’s market were the quarter results of the company, announced after the market closed on Tuesday. Yesterday, CRDC was 45.18% up already in the pre-market trading, reached a value of $2.53 during the session and closed at $2.12, or 31.33% up. With the 2.3 million...
Yesterday’s spectacular three digit percentage increase of BSD Medical Corp. (NASDAQ:BSDM) stock was not a surprise. The company filed to have received FDA approval for its major product, which immediately made investors see the revenues boosted up and forget about the high dilution risks. Entering the market with a large gap up, BSMD closed at $2.97, representing an 162.83% increase from its previous close. A total of 27.7 million shares were traded, an absolute record not only for the past 52 weeks, but also for the past three years. The shares got oversold, as the huge for the company’s development...
Repros Therapeutics, Inc. (NASDAQ:RPRX) shares got among the biggest gainers on yesterday’s market. The stock opened the market with a considerable gap up, but the latest corporate update was not impressive enough for breaking up the Monday’s resistance, especially as the support from the fundamental side was missing. Yeserday, Repros Therapeutics announced that the US Patent and Trademark office has granted a patent to the company’s lead product candidate Androxal, designed for the treatment of low testosterone in men. The management could not hold its excitement, stating that the event opens the door for further development of Androxal and extend...
While Alternative Energy Partners Inc. (OTC:AEGY) business is still in the phase of the good intentions, their stock keeps surging the whole week, on stock promotions and on the latest fancy press release. For a forth trading session in row, AEGY stock gets among the gainers and accumulates volume. Yesterday, the price increase was 11.55% and the market closed at $0.115 for a share. The volume was also impressive, nearly 7.3 million shares changed hands, 2.7 million of the deals being short sales. As the latest press release dates back to last Friday, it seems that yesterday’s stock promotion has...
Three days before the second quarter results get announced and discussed by the management, XOMA Ltd. (NASDAQ:XOMA) shares were yesterday successfully healed from their oversold status. The stock soared 15.48% on a record for the past six months trading volume. Nearly 42.2 million shares were traded, almost 11 time the average, and the market closed at $0.32 for a share. A considerable contribution to the price and volume action must have had the numerous alerts sent out to investors. There is no information about paid stock promotions, though the websites providing those services obviously found the stock a good opportunity...
Yesterday Paid, Inc. (OTC:PAYD) stock performed the same pattern as of Tuesday by jumping up again on growing trading volume. This time the stock even managed to bounce off its price channel and that happened just like on the day before on no news or any relevant corporate events. The stock surged a total of 26.53% by the end of the day and closed at $0.31. The trading volume was nearly 2 million shares, or four times the average and almost twice the volume from the previous day. It seems hard for the two sequential jumps to get explained by...