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Big Gainer; Genius Brands International (GNUS)

By Warren Paige

Shares of Genius Brands International Inc. (OTC: GNUS), developer and marketer of entertainment products, are up sharply in trading today.

At last check, GNUS shares were trading 16.10% higher at $0.238 on above average volume of 897,438. The stock touched an intra-day high of $0.25.

Genius Brands shares are gaining momentum in early trading today after the company announced expansion into $38 billion mobile app market through agreements with industry leaders. GNUS today said through agreements with Microsoft Corporation (NASDAQ: MSFT) and Nokia Corporation (NYSE: NOK), it is set to introduce two Baby Genius® apps this summer.

The apps, Rexi the Dinosaur and Bubbles the Bear, are aimed at preschool aged children. The apps are part of GNUS’s Ready, Play, Learn™ line of educational apps, which are being developed to prepare young children for preschool and kindergarten.

Klaus Moeller, Chairman and CEO of Genius Brands, said that GNUS has invested time, funds and focus in the development of children’s edutainment programs and quality branding.

 

July 16th, 2012 | Tags: | Category: Hot MicroCaps

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All stories in DailyStocks.com are for informational purposes only. This is NOT a stock recommendation. This DailyStocks.com story is a daily light analysis featuring a stock with insider buying. With some caveats, insiders purchase a stock because they think the stock is going up. There are other factors to consider such as size of the transaction relative to their compensation and net worth. Sometimes, insiders might be propping a stock price up for future financing. Sometimes, the amount of insider buying are misread or misreported. Each month, DailyStocks releases a a summary of the stocks with insider buying. Sign up for the free monthly newsletter at DailyStocks.com . About Dailystocks.com: DailyStocks.com is the place where you can find stories about stocks with insider buying, where you can educate yourself about stock market investing, and where you can perform the stock search engine analysis – you enter a stock symbol, and you get a resulting page of stock ticker indexed links so that you do not have to type the stock symbol each time.

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All stories in DailyStocks.com are for informational purposes only. This is NOT a stock recommendation. This DailyStocks.com story is a daily light analysis featuring a stock with insider buying. With some caveats, insiders purchase a stock because they think the stock is going up. There are other factors to consider such as size of the transaction relative to their compensation and net worth. Sometimes, insiders might be propping a stock price up for future financing. Sometimes, the amount of insider buying are misread or misreported. Each month, DailyStocks releases a a summary of the stocks with insider buying. Sign up for the free monthly newsletter at DailyStocks.com . About Dailystocks.com: DailyStocks.com is the place where you can find stories about stocks with insider buying, where you can educate yourself about stock market investing, and where you can perform the stock search engine analysis – you enter a stock symbol, and you get a resulting page of stock ticker indexed links so that you do not have to type the stock symbol each time.