NASDAQ Smallcaps Moving Higher On News (EDS, BAMM, CLNT, YRCW, EMMS, RCON)
Exceed Co Ltd (NASDAQ: EDS) Exceed Company Ltd. announced that for first quarter of 2012, it expects net revenues in the range of RMB841.6- RMB864.1 million in the first quarter of 2012. Given the news, the stock gained a significant $1.48 (71.06%) bringing the intraday trade price up to $3.57 with close to 900,000 shares exchanged. Stick around.
Books-A-Million, Inc. (NASDAQ: BAMM) Anderson family has made a non-binding proposal to acquire all of the outstanding publicly-held shares of the common stock of Books-A-Million, Inc. Given the news, the stock moved up $.55 (21.76%) bringing the intraday trade price up to $3.10 with close to 278,000 shares exchanged. Stick around.
Cleantech Solutions International Inc (NASDAQ: CLNT) Cleantech Solutions International, Inc. announced that the Company has received a new purchase order from Zhejiang Gelinlan Dyeing Limited valued at an estimated USD$1.7million. Given the news, the stock gained $.90 (19.82%) bringing the intraday trade price up to $5.44 with close to 1million shares exchanged. Stick around.
YRC Worldwide, Inc. (NASDAQ: YRCW) today announced that it has reached an agreement with its lenders to reset certain financial covenants over the life of the loans and allow the company to retain all proceeds from the auction of certain surplus properties. Given the news, the stock moved up $1.17 (17.97%) bringing the intraday trade price up to $7.68 with close to 886,000 shares exchanged.
Emmis Communications Corporation (NASDAQ: EMMS) EMMS is showing a rise in trend today as investors move in to the stock without substantial news released. The stock has gained $.15 (14.41%) bringing the intraday trade price up to $1.18 with close to 597,000 shares exchanged. Stick around.
Recon Technology, Ltd. (NASDAQ: RCON) RCON is showing a recovery today as investors move in to the stock for support. The stock has gained $.23 (9.91%) bringing the intraday trade price up to $2.55 with close to 249,000 shares exchanged. Can RCON continue to move higher with increased support? Stick around.
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