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J. C. Penney Company, Inc. (NYSE: JCP) shares closed down 10.56 percent on Tuesday with about 111 million shares traded. The stock was one of the most active stocks in the NYSE and hit 1980 levels during intra-day trading, hitting a new 52-week low of $4.90. Sales in established stores, a key measure of a retailer's health, rose 2 percent during the November-January quarter. But analysts had expected a 4.2 percent increase, according to FactSet estimates.
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Gilead Sciences Inc. (NASDAQ: GILD) shares closed up 4.05 percent on Tuesday with about 15.5 million shares traded. The stock was one of the biggest gainers in the NASDAQ. The company reported better-than-expected quarterly profit on Tuesday as sales of its flagship HIV drugs beat Wall Street estimates. Fourth-quarter net income rose 4 percent to $791.4 million from $762.5 million a year earlier. Adjusting for one-time items, Gilead earned 55 cents a share, which beat the average analyst estimate of 50 cents a share, according to Thomson Reuters I/B/E/S
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IMD Companies, Inc. (OTC: ICBU) shares closed up 165.99 percent on Tuesday with a little over 43 million shares traded. The stock was one of the biggest gainers in the OTC marketplace and hit a new 52-week high of $0.17 during intra-day trading. On February 3rd the company announced that it had signed a Letter of intent to acquire Lumz'n Blooms, Ltd. a Manufacturer for products and services for indoor growers. Lumz'n Blooms, LTD. was founded in 2006 and had revenues in excess of $2.2 million in 2013.
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ML Capital Group, Inc. (OTCBB: MLCG) shares closed up 67.44 percent on Tuesday with about 7.8 million shares traded. The stock had one of the biggest gains in the OTCBB market. On January 28th, the company announced that it has established a partner relationship with LSQ Funding. ML Capital Group, Inc. has established a formal relationship with LSQ Funding, one of the oldest specialty finance companies offering flexible financing solutions to companies nationwide. The relationship between LSQ and the Company establishes MLCG as a corresponding referral partner whereby it will generate revenues from all business it places with LSQ.
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