The following stocks could see significant activity in trading on Thursday.
Shares of daily-deal site Groupon Inc (NASDAQ:GRPN) are likely t be traded actively on Thursday. Groupon shares leaped 13.86% on Wednesday after the company unveiled that it launched a new application- a mobile payment service which would allow users to swipe credit and debit cards through an iPhone and IPod Touch. As more and more people switch to smartphones, tech giant companies such as Google Inc. (GOOG, $727.50, +$9.22, +1.28%) or start-ups like Square Inc., are all developing d software that will allow users to directly buy goods or receive services from discount stores.
Yelp Inc (NYSE:YELP) will under spotlight on Thursday. On Wednesday the company said that Yelp will be available in Singapore; and users can now create accounts on Yelp.com.sg to share their opinions about local hotels, restaurants, clubs, boutiques, salons, dentists, mechanics and plumbers. Yelp’s platform enables local businesses to offer range of free and paid services, which help them to engage with consumers at moment when they are deciding where to spend their money. Shares lost 0.43% in aftermarket hours after climbing nearly 3.80% in regular trading. In last six months YELP jumped 20% and its 52 week trading range is $14.10-$31.96.
Biopharmaceutical company, Questcor Pharmaceuticals Inc (NASDAQ:QCOR) will be under spotlight on Thursday. Shares gained 2.85% in aftermarket hours after plummeting 47.84% in regular trading hours. Shares of Questcor were hammered after insurer Aetna Inc restricted the reimbursement of the pharmaceutical company’s primary drug, Acthar, aimed at treating infantile spasms. Aetna also said that the drug was medically superfluous to treat certain other health complications. On December 31, H.P. Acthar Gel was approved by the United States Food and Drugs Administration for the treatment of severe exacerbations of multiple sclerosis in adults, and as mono-therapy for the treatment of infantile spasms in infants and children less than two years of age.
Shares of Suntech Power Holdings Co, Ltd (ADR) (NYSE: STP) gained nearly 1% in aftermarket hours after climbing almost 8% in regulat trading hours on Wednesday. The company said on Wednesday that in an effort to trim production costs and operating expenses, it has momentarily stopped a part of its solar cell production capacity in Wuxi, China even as it will focus on optimizing its organization. Post restructuring, the Suntech’s operational solar cell capacity will reduced to 1.8GW for a short term while its module capacity will remain at 2.4GW and wafer capacity will stay put at 1.6GW. Suntech is primarily involved in the design, development, manufacturing and marketing of photovoltaic (PV) products and also offers engineering, procurement and construction services required for constructing solar power systems using its own solar modules for housing, commercial units, and utility-scale power plant customers.
Ramtron International (NASDAQ:RMTR) edged up 0.32% in aftermarket trading hours. On Wednesday Ramtron International Corporation announced that entered into a definitive merger agreement with Cypress Semiconductor Corp. according to the agreement, Cyprees will acquire all outstanding stock of Ramtron at a price of $3.10 per share in cash. The deal is valued valued at about $109.8 million, representing a premium of 71% on Ramtron’s closing price of $1.81 per share as on June 11, 2012,
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