New York (December 13th, 2012) - SolarCity Corporation (NASDAQ: SCTY), a company engaged in the installation of residential solar systems, is soaring on its trading debut. SCTY completed its IPO on Wednesday. The company sold 11.5 million shares in the IPO at $8 per share.
SCTY had initially planned to sell 10.1 million shares in the IPO at a price range between $13 and $15 per share. However, the company had to slash its IPO price. SCTY is currently trading 39.75% higher at $11.18 on volume of 4.18 million. The stock hit a high of $11.41 earlier today.
Telik Inc. (NASDAQ: TELK), a clinical-stage drug development company engaged in the discovery and development of small molecule drugs to treat cancer, is amongst the major gainers on the NASDAQ in mid-day trading today.
After falling nearly 16.50% on Tuesday, TELK has rebounded sharply in the last two trading sessions. On Wednesday, the stock had gained more than 11%. In today’s trading, the stock is currently up 19.38% to $2.10 on above average volume of 1.55 million.
TELK has rebounded after the company on Wednesday announced Telintra® clinical publication at the 54th Annual Meeting of the American Society of Hematology. The stock has broken through $2 resistance level as a result of the rally. Technical indicators suggest that the upward trend will continue.
ABOUT US:
Timing is everything when trading Penny Stocks. Gain an Edge by joining the MonsterTradingAlerts.com newsletter and receiving alerts from a Pro-Active team of researchers. Trading Alerts believes traders should have a chance at successfully trading penny stocks and invites traders and investors to be part of the Free VIP membership.
Simply sign up for free and start receiving exclusive alerts.
Subscribe Here: http://www. MonsterTradingAlerts.com
Disclosure: MonsterTradingAlerts.com 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. Please visit MonsterTradingAlerts.com website, for complete risks and disclosures.
Contact Info:
Alexander K. Neumann
Monster Trading Alerts
[email protected]
347-905-5009