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LightInTheBox Holding Co., Ltd. (NYSE: LITB) shares closed down 23.05 percent on about 2.5 million shares traded on Tuesday. The company had one of the biggest drops on the NYSE yesterday. The stock plunged more than 20% after its quarterly results and outlook missed Wall Street expectations. The company’s loss widened to $1.89 million on a revenue increase of 33%.
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Titan Medical Inc. (OTC: TITXF) shares closed up 34.98 percent on Tuesday and traded a little over 1.2 million shares. The stock was one of the most actively traded stocks in the OTC market yesterday and had a significant volume increase compared to usual. The stock traded in a range of 0.59 - 1.24 yesterday. The company came out with an announcement that the Company's management is unaware of any material change in the Company's operations that would account for the recent increase in market activity.
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Liberator Medical Holdings, Inc. (OTCBB: LBMH) shares closed up 19.92 percent on Tuesday with a little over 700,000 shares traded. The stock traded in a range of 2.47 - 2.84 yesterday with 2.84 representing a new 52-week high for the stock. The company announced on Monday that its common stock has been approved for listing on the NYSE MKT. The Company expects its common stock to begin trading on the NYSE MKT on November 20, 2013, trading under the existing symbol "LBMH." The Company's common stock will continue to be quoted on the Over-the-Counter Bulletin Board (the "OTCBB") under the symbol "LBMH" until the shares begin officially trading on the NYSE MKT, after which time the common stock will no longer be quoted on the OTCBB.
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FreeSeas Inc. (NASDAQ: FREE) shares closed down 13.40 percent on Tuesday with nearly 5.5 million shares traded. The stock traded in a range of 0.33 - 0.40 Yesterday. Earlier this month the company announced that it has entered into a definitive agreement with Crede CG III, a wholly-owned subsidiary of Crede Capital Group, for an investment of $10 through the private placement of two series of zero-dividend convertible preferred stock and Series A and B Warrants, subject to certain terms and conditions.
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