Stocks In Focus (SATC, AONE, GURE, UVXY, CALL)
NEW YORK, October 21, 2012 (MESHPRESS) – Beststocksdaily.com, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on the following stocks:-
SatCon Technology Corporation(NASDAQ:SATC) shares soared 110.83% and closed at $0.253 in the previous trading session. The company filed for protection under Chapter 11 Bankruptcy code. The company said that as of June 30 it had assets of $92.3 million and $121.9 million in the Chapter 11 documents. The petitions were filed in the U.S. Bankruptcy Court for the District of Delaware. Six units have also filed for bankruptcy along with Satcon Technology.
Can SATC Continue To Move Higher? Find Out Here
A123 Systems, Inc.(NASDAQ:AONE) shares surged 64.67% to $0.123 in yesterday’s session. The company, that filed for bankruptcy this week, won court approval to borrow as much as $15.5 million from Johnson Controls Inc. while it prepares to sell its assets. U.S. Bankruptcy Judge Kevin Carey approved the interim financing at a hearing in Wilmington, Delaware, after Johnson Controls cut the interest rate to 13.5% from 15% following talks held during a break. A123 is scheduled to return to court Oct. 30 to seek approval of the remainder of the $72.5 million loan.
Can AONE Extend Rally? Find Out Here
Gulf Resources, Inc.(NASDAQ:GURE) shares jumped 13.33% to $1.36. On October 16, 2012, Gulf Resources held its annual meeting of stockholders. The 52 week trading range for the company is $0.98 – $3.25. The shares of the company dropped 38% in the last one year. The company is engaged in manufacturing and trading of bromine and crude salt, and manufacturing and selling of chemical products used in oil and gas field exploration, oil and gas distribution, oil field drilling, wastewater processing, papermaking chemical agents and inorganic chemicals.
Can GURE Extend Rally? Find Out Here
ProShares Trust II(NYSEARCA:UVXY) shares climbed 12.73% to $28.95 in the previous trading session. The 52 week trading range for the company is $3.92 – $156.00. The shares of the company plunged 77% in the last one year.
Will UVXY Continue to Rally? Get Free Trend Analysis Here
magicJack VocalTec Ltd(NASDAQ:CALL) shares gained 12.56% and closed at $23.03 in yesterday’s session. The company reported a third-quarter profit of $15.1 million, or $0.78 per share, as compared to a loss of $961,000, or $0.04 per share, in the same period last year. Revenue jumped 64% to $40.8 million from $24.9 million last year.
Looking forward, the company announced that it expects to have a good chance to achieve over $2.00 GAAP EPS for fiscal 2012. Analysts on an average are expecting the Company to report EPS of $1.69 for fiscal 2012.
Has CALL Found The Bottom? Find Out Here
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