Samsung Turns Up The Heat On Apple With New Galaxy Phone Futures Flat After
S&P Closed At New High - Top Trading Stock Focus: Eastman Kodak, Fannie Mae,
AMR Corp, Green Innovations, RXI Pharmaceuticals
LONDON, March 15, 2013
LONDON, March 15, 2013 /PRNewswire/ --
Shares in Apple (AAPL) were indicating a higher open for the first time in
about 2 weeks this morning in pre-market trading. Apple Inc has been under
immense trading pressure with shares almost being cut in half over the last 6
months in trading. Samsung just launched their latest offering to compete
against the iPhone 5, which is basically a comparable phone at half the cost.
The Dow Jones Futures were indicating a higher open ahead of the bell on Wall
Street. We did pause for breath in yesterday's trading but looks like getting
back to the upside once more going into Fridays session. This comes after a 7
day rally that has left these markets at all-time highs across the board.
Global markets have been following suit even with the economic pressures on
them, especially in Europe.
Fannie Mae was the heaviest traded stock in the OTC Markets in Thursdays
trading; we started reporting there was an increase in volume back on Tuesday
with the stock trading 4 times its average daily. Fannie Mae closed
yesterday's trading by 15% on very heavily traded $72 million which was higher
than that of AMR Corp on the trading day.
AMR Corp was also trading very heavily but around half the volume of the
previous day in the markets. Shares of AMR Corp closed yesterday at $4.15 per
share, this merger with US Airways has given out more gains than expected to
shareholders. We have been reporting on AMR Corp since it was trading at 0.60
cents per share. For a company in bankruptcy to return over 700% just goes to
show you that headline news don't always win the day. Stay tuned or sign up
at our website to receive more companies like this.
Green Innovations closed the day flat which is fairly impressive considering
the stock has climbed around 300% over the last ten days trading. It remains
to be seen if yesterday's trading was a blip on the screen or if this is
signaling another slide in shares. Green Innovations has experienced two big
runs higher recently and also one big slide to the downside, we will stay on
top of the name to see if it can continue to trade north of $2.00 or if it
looks like pulling back to the $1.50 level.
Eastman Kodak was another previous bigger name back in the news after trading
higher in Thursday's session. Eastman Kodak traded higher by more than 10% in
Thursday's session on over $6 million traded which is substantial for this
name on the OTC market. We will continue to track the stock to see if this is
a start of a big move similar to what we have seen in the recovery of AMR Corp
RXI Pharmaceuticals was a new name on the volume watch list to close the week.
Shares of RXI Pharmaceuticals closed higher on Friday by 15% on heavy volume
for the stock. Can shares follow through for traders on Friday and look to
start the day strong is the question on some investors' minds?
If you are looking to know what's going on with these companies on the OTC and
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Regardless of what's going on in the mainstream we will always keep you
updated and look to be value added. We hope you have enjoyed our coverage; we
will be back to you tomorrow with our daily look at the small cap markets.
We track the volume and keep in touch with any increasing trends to the upside
or downside. We also cover the top stocks on the OTCQB, OTCQX, and the Pink
Disclosure: Clubpennystocks is not a registered investment advisor and nothing
contained in any materials should be construed as a recommendation to buy or
sell securities. Investors should always conduct their own due diligence with
any potential investment. Clubpennystocks is a wholly owned entity of a
financial public relations firm. We have not been compensated by any of the
companies listed in this news release.
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