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SeaChange International Inc. (NASDAQ: SEAC) shares closed down 16.46 percent on Friday making it one of the biggest decliners on the NASDAQ. The stock traded about 2.6 million shares. The drop came after the company reported weaker-than-expected third-quarter results. Quarterly sales came in at $39.2 million, which translated to non-GAAP operating income of $0.09 per share. Analysts were modeling adjusted earnings of $0.15 per share on sales of $41.34 million.
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ReneSola Ltd. (NYSE: SOL) shares closed down 15.64 percent on Friday with a little over 15 million shares traded. The stock was one of the biggest losers on the NYSE. Last week the company released its third-quarter earnings report. Revenue jumped 92.2% from a year ago to $419.3 million and came in well ahead of the $360.7 million estimate. But net loss was $200.3 million, or $2.23 per ADS, which was far larger than the estimated loss of $0.22.
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Makism 3D Corp., Inc. (OTCBB: MDDD) shares closed up 35.45 percent on Friday with about 1.6 million shares traded. The stock was one of the biggest gainers in the OTCBB market. The manufacturer of consumer and professional grade 3D printers announced on Friday that it has been advised that the OTC Markets Group has placed a trading advisory on the Company's symbol.
Get more information on of Makism 3D Corp., Inc. and free access to the in-depth equity report at: www.TrendingWallStreet.com/stockquote/MDDD
J. C. Penney Company, Inc. (NYSE: JCP) shares closed down 8.70 percent on Friday with about 48 million shares traded. Last week the company announced that the U.S. Securities and Exchange Commission asked for information about the retailer’s finances, including a stock sale in September that it’s using to fund an attempted turnaround. A letter from the SEC on Oct. 7 requested “information regarding the company’s liquidity, cash position, and debt and equity financing, as well as the company’s underwritten public offering of common stock.”
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