Shares of Goff Corp. (OTC: GOFF), a company focusing on the development of highly prospective gold projects, soared in trading today. GOFF shares ended the day 119.15% higher at $0.285 on above average volume of 263.91 million. The stock hit an intra-day high of $0.35 earlier today.
Major Movers on March 18; VCLK, RAX, ADVS, INCY, HPQ, JCP
Shares of ValueClick Inc. (NASDAQ: VCLK) rallied on Monday after Jefferies upgraded the stock from “Hold” to “Buy “ rating and raised its price target on it to $35.00 from $23.00. The improvement in ratings come after company’s analyst day, where both CEO John Guliani and team, eloquently said that the Company was shifting towards a more integrated and customer focused model, according to Jeffries. According to Jeffries, the shift will allow ValueClick to leverage robust data and breadth of consumer touch points, which in turn help the company to gain traction in an expanding digital marketing services market.
Continue reading Major Movers on March 18; VCLK, RAX, ADVS, INCY, HPQ, JCP
Bill Miller Backs Groupon and Apple’s Stock (GRPN, AAPL)
Embattled daily deals site Groupon Inc. (NASDAQ: GRPN), whose shares have been under immense pressure due to slowing growth rate and flagging revenue from international markets, received a tremendous boost last week after globally renowned “value investor”, Bill Miller gave the Company surprising endorsement.
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CenterPoint Energy and OGE to Combine Assets to Form Master Limited Partnership (CNP)
CenterPoint Energy Inc. (NYSE: CNP), OGE Energy Corp. and ArcLight Capital Partners have entered into an agreement which would allow these companies to merge a part of their operations to form a midstream company, having combined assets worth $11 billion.
Micro-Caps on Watch; Fannie Mae (FNMA), Enhance Skin Products Inc. (EHSK), Myriad Interactive Media Inc. (MYRY)
Shares of Fannie Mae (OTC: FNMA), a provider of liquidity and stability to the secondary mortgage market, are soaring in trading today. At last check, FNMA shares were trading 26.95% higher at $0.375 on above average volume of 21.50 million. The stock hit a 52-week high of $0.38 earlier today.
Major Movers on March 15; BAC, GRPN, MCP, KKD, ARO
Shares of Bank of America Corp. (NYSE: BAC) gained on Friday after the bank said that the Federal Reserve agreed on its proposed capital actions. The bank said that it would now repurchase about $5 billion worth of its common stock and buyback around $5.5 billion worth preferred stock.
Continue reading Major Movers on March 15; BAC, GRPN, MCP, KKD, ARO
MolyCorp Swings into Loss in Q4, To Slash Jobs (MCP)
Molycorp Inc (NYSE: MCP), world’s biggest rare-earth metal mining company outside China, reported wider-than-expected fiscal fourth-quarter losses late on Thursday as the bottom line was hurt by lower prices of rare earth metals, dip in production, increase in costs and a huge goodwill impairment charge linked to the acquisition of rare earth processer Neo Material Technologies back in 2012.
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Micro-Caps on the Move; RXI Pharmaceuticals Corp. (RXII), American Graphite Technologies Inc. (AGIN), American Commerce Solutions Inc. (AACS)
Shares of RXI Pharmaceuticals Corp. (OTC: RXII), a company engaged in the discovery, development and commercialization of therapies based on its RNAi platform, rallied in trading today. The stock ended the day 13.79% higher at $0.330 on above average volume of 9.30 million. RXII shares touched a 52-week high of $0.36 earlier today. The stock has gained 20% in the last three trading sessions.
Major Gainers and Losers on March 14; SAVE, VHC, DYN, TSLA, IBM, WMT, CVX
Shares of Spirit Airlines Incorporated (NASDAQ: SAVE), an airline company that provides services principally throughout the domestic U.S., have edged higher in trading today. At last check, SAVE shares were trading 2.89% higher at $24.79 on above average volume of 1.23 million. The stock hit a 52-week high of $25.64 earlier today. In the last three trading sessions, SAVE shares have gained more than 4%.
Continue reading Major Gainers and Losers on March 14; SAVE, VHC, DYN, TSLA, IBM, WMT, CVX
Major Movers on March 14; VRA, LCUT, EFTC, EBAY, MW, AMZN
Shares of Vera Bradley Inc. (NASDAQ: VRA) slumped on Thursday after the handbag and travel leisure accessories maker provided downbeat outlook on the current quarter and full-year, late last evening. However, fiscal fourth-quarter results exceeded Street’s estimates. For the quarter ended February 2, The Fort Wayne-based Company reported a profit of $25.1 million, or 62 cents a share, up from $20.1 million, or 50 cents a share, in the same period of last fiscal.
Continue reading Major Movers on March 14; VRA, LCUT, EFTC, EBAY, MW, AMZN