Big Winners: SCMR, GEVO, FOLD, BIDU, AUY
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Sycamore Networks, Inc. (NASDAQ:SCMR) shares jumped 6.73% and closed at $2.38. The 52 week trading range for the company is $2.11 – $20.16. The shares of the company plunged 87% in the last one year. The company develops and markets intelligent bandwidth management solutions for fixed line and mobile network operators worldwide and provides services associated with such products.
How Should Investors Trade SCMR After The Recent Volatile Moves? Find Out Here
Gevo, Inc. (NASDAQ:GEVO) shares increased 6.15% and closed at $2.07 in yesterday’s session. The company last week, said that it will repurchase as much as $15 million of its “undervalued” stock this year. The company will fund the purchases with cash and cash equivalents. The purchase is a sign that the company is making progress in its efforts to resume production of isobutanol at its plant in Luverne, Minnesota, said Pavel Molchanov, an analyst at Raymond James & Associates Inc. in Houston.
Is GEVO Showing Any Sign of Buy At The Current Market Price? Get Our Free Trend Analysis Here
Amicus Therapeutics, Inc. (NASDAQ:FOLD) shares jumped 6.03% and closed at $4.22. The company announced that John F. Crowley, Chairman and Chief Executive Officer, presented a corporate overview at the 31st Annual J.P. Morgan Healthcare Conference in San Francisco, CA on Wednesday, January 9, 2013 at 3:00 p.m. PT. A live webcast of the presentation can be accessed through the Investors section of the Amicus Therapeutics corporate web site.
Additionally, Janney Capital started coverage on shares of Amicus in a research note issued last week. The firm set a “buy” rating and a $7.00 price target on the stock.
Can FOLD Rebound After The Recent Slump and Investors Can Make Money? Find Out Here
Baidu.com, Inc. (ADR) (NASDAQ:BIDU) stock gained 5.97% to $110.57. The company has recently reportedly designed and intelligent recognition program for the Android platform of Google Play. It is slated to release the feature sometime prior last week, as revealed by WantChinaTimes. The app bears resemblance with the Siri voice client offered by Apple.
Is BIDU Ready To Move Back To New Highs This Year? Find Out Here
Yamana Gold Inc. (USA) (NYSE:AUY) shares climbed 5.94% to $17.49. The company, on Jan. 9, announced that for fiscal 2013, it expects production to be in the range of 1.44 – 1.60 million GEO. For fiscal 2014, it expects production to increase by at least 33% from fiscal 2012 levels to a range of 1.60 – 1.77 million GEO. Planned production beginning in fiscal 2014 and continuing into fiscal 2015 is targeted at a sustainable level of 1.75 million GEO per year.
Is AUY Ready To Move Back To New Highs This Year? Find Out Here
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