Micro-Caps on the Move; Generex Biotechnology Corporation (GNBT), Crown Marketing (CWNM), Ohr Pharmaceutical Inc. (OHRP)

Shares of Generex Biotechnology Corporation (OTC: GNBT), a development stage company engaged in the research, development, and commercialization of drug delivery systems and technologies for metabolic and immunological diseases, are soaring in trading today. At last check, GNBT shares were trading 24% higher at $0.0372 on above average volume of 15.56 million. The stock hit an intra-day high of $0.04 earlier today.

Continue reading Micro-Caps on the Move; Generex Biotechnology Corporation (GNBT), Crown Marketing (CWNM), Ohr Pharmaceutical Inc. (OHRP)

OmniVision Tops Q4 Estimates, Provides Upbeat Q1 Guidance (OVTI)

Image sensor maker, OmniVision Technologies Inc. (NASDAQ: OVTI) reported better-than-expected fiscal fourth quarter results on Thursday as solid revenue growth offset contraction in margins. The Company also offered very optimistic guidance for the fiscal first quarter.

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Major Movers on May 31; PANW, GES, KKD, LGF, OVTI

Shares of Palo Alto Networks Inc. (NYSE: PANW) plunged about 9.50% by midday trade. The network security solutions provider said on Thursday that it swung into fiscal third quarter loss. Higher operating expenses and income tax provision dented the bottom line even as revenue fell short of analysts’ expectation. Continue reading Major Movers on May 31; PANW, GES, KKD, LGF, OVTI

Warren Buffett’s MidAmerican Holdings acquire NY Energy (NVE, BRK.A)

Warren Buffett has taken yet another bullish bet on the energy sector. MidAmerican Holdings, a unit held by Buffett’s Berkshire Hathaway (NYSE: BRK.A), announced on Wednesday that it has agreed to purchase NV Energy Inc. (NYSE: NVE), which is Nevada’s largest electricity utility, in a deal valued at $5.6 billion.

Continue reading Warren Buffett’s MidAmerican Holdings acquire NY Energy (NVE, BRK.A)

Micro-Caps in Focus; DoMark International Inc. (DOMK), Westinghouse Solar Inc. (WEST), Globalstar Inc. (GSAT)

Shares of DoMark International Inc. (OTC: DOMK), a marketing and management company engaged in the development of several patented consumer products, are seeing a huge rally in trading today. At last check, DOMK shares were trading 60.89% higher at $0.119 on above average volume of 3.69 million. The stock hit an intra-day high of $0.15 earlier today.

Continue reading Micro-Caps in Focus; DoMark International Inc. (DOMK), Westinghouse Solar Inc. (WEST), Globalstar Inc. (GSAT)

NASDAQ Fined $10 Million for Facebook IPO Mishandling (FB, NDAQ)

In what would be a largest ever fine levied on the U.S. Stock Exchange, NASDAQ’s parent company, NASDAQ OMX Group Inc. (NASDAQ: NDAQ) has been asked to pay $10 million by the Securities and Exchange Commission (SEC) for a botched IPO of social networking giant Facebook (NASDAQ: FB).

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Major Movers on May 29; STEI, SFD, AEGR, TFM, WTSL

Shares of Stewart Enterprises Inc. (NASDAQ: STEI) rallied 33% by afternoon trade after its bigger peer Service Corporation International (NYSE: SCI) announced on Wednesday that it has agreed to buy the smaller funeral services provider in deal valued at $1.4 billion. Service Corp said that the acquisition will enable the funeral service provider to increase its presence in funeral and cemetery industry of North America, which is very much fragmented at the moment. Continue reading Major Movers on May 29; STEI, SFD, AEGR, TFM, WTSL