NEW YORK, March 14, 2013 /PRNewswire/ --
BlackBerry announced on Wednesday that an established partner
ordered 1 million devices running the Company's newest operating
system, BlackBerry 10. The company will begin shipping smartphones
immediately to the customer. BlackBerry noted that this was the
largest single purchase order in BlackBerry's history. Shares of
BlackBerry closed up 8.15% on Wednesday and climbed another 2+% in
after-hours trading.
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EMC Corporation (NYSE: EMC) - EMC was one of the most actively
traded stocks on the NYSE exchange yesterday. Trading volume at
37,319,262 shares was considerably higher than the stock's average
of 23,963,800 shares. The Company along with its partner VMware
announced plans to spin off a business unit. The two companies said
they will create a Pivotal company that will include VMware's Cloud
Foundry service as well as EMC's Greenplum data analytics software
offerings. Pivotal, which EMC acquired last year for an unknown
price, will target big data trends in the enterprise. Shares
of EMC closed up 1.76% yesterday.
Velti Plc (Nasdaq: VELT) - Velti Plc was one of the biggest
decliners on the Nasdaq composite yesterday. The stock hit as low
as $2.08 in intra-day trading making
it a new 52-wk low for the company. The stock closed down more than
22% after revealing disappointing revenue forecasts for the first
quarter and full year along with fourth-quarter results that were
below analysts' estimates. Trading volume for the stock was roughly
seven times higher than average on Wednesday.
Spectrum Pharmaceuticals, Inc. (Nasdaq: SPPI) - Shares of SPPI
sank more than 37% on Wednesday, hitting a new 52-week low of
$7.72. Trading volume was twenty
times higher than average yesterday with more than 20 million
shares traded. The company forecasted a big drop in full-year
revenue as hospitals increasingly opt for a generic colon cancer
treatment over the Company's biggest-selling drug, Fusilev. Since
Fusilev was launched in 2008, shares of SPPI have risen eight-fold.
On March 5th, a director
in the Company bought 5,000 shares.
SILVER SPRING NETWORKS, INC (NYSE: SSNI) - Shares of SSNI made
their debut on Wednesday. The stock advanced nearly 30% on its
first day of trading. Closing at $22.00 a share, the stock was 9% higher than its
issue price of $17. The company
builds hardware and complementing software for power companies that
can track usage and help companies save on costs and operate much
more efficiently. Trading volume on Wednesday was a little more
than 5 million shares.
Box Ships Inc. (NYSE: TEU) - Box Ships Inc. closed down roughly
10% on Wednesday at $5.14. The drop
in price came after the Company priced a public offering of 4
million shares at an 8 percent discount to its most recent closing
price. The Company priced the offering at $5.25 per share and it is expected to close on
Monday. Box Ships engages in the seaborne transportation of
containers worldwide and has a 52-week trading range of 4.00 -
9.39. The stock's trading volume yesterday was around eleven times
higher than usual at 2,285,144 shares traded.
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