Stocks fell for a third straight trading day on Monday as investors continued to worry over what the Federal Reserve's next move may be. GenVec was one of the most active stocks on the Nasdaq and climbed higher after the company announced the dismissal of a class action lawsuit.
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Media Analytics Corporation (OTCBB: MEDA) – shares sank almost 55% on Monday with nearly 700,000 shares traded. The sudden drop came after the Company announced that they have signed a licensing agreement with Social Media Broadcasts (SMB) Limited to exclusively market the Klarity analytical dashboard in North America and the United Kingdom. Media Analytics focuses on developing and providing social gaming mobile applications for fantasy sports enthusiasts.
Frozen Food Gift Group, Inc. (OTCBB: FROZ) – Frozen Food Gift Group experienced an unusual drop on Monday closing down 37.50% with roughly 3.7 million shares traded. The Company is a development stage company that focuses on operating as an e-commerce retailer in the United States.
GenVec, Inc. (Nasdaq: GNVC) – shares closed up 35.37% on roughly 1.7 million shares traded on Monday. The big move came after the Company announced that the previously disclosed putative class action lawsuit filed against the Company and certain of its current and former officers, by the law firm of Brower Piven in the United States District Court for the District of Maryland, has been dismissed with prejudice.
Neah Power Systems, Inc. (OTCBB: NPWZ) – shares modestly closed in the green up 7.32% with about 1.9 million shares traded. Volume traded was more than double the stock's usual trading volume yesterday. The Company engages in the development and sale of renewable energy solutions through its fuel cell technology.
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