The most active stocks yesterday were diverse, including a company cashing in on the Bitcoin craze, another’s volume fueled by a new energy technology, while a media company’s horrendous four-quarter accounted for its unusually high volume.
Here are four of the most active from Feb. 10:
Cashing in on Bitcoin Craze
On Feb. 10, Bitcoin Shop, Inc. (OTCQB: TUCND) stock volume skyrocketed, with 185,762 shares changing hands, more than twice its three-month average volume of 85,996 shares.
Part of the volume is no doubt the result of the excitement and curiosity swirling around anything to do with the mysterious new Internet currency Bitcoin. But part of the boost is a direct result of the Sliver-Spring, Md.-based company’s new ecommerce website (http://www.bitcoinshop.us/) where consumers can purchase products using virtual currency such as Bitcoin, by searching through selection of over 400 categories and over 140,000 items.
A Mysterious New Currency
Bitcoin is a digital or virtual currency that uses peer-to-peer technology to facilitate instant payments. Bitcoin is categorized as a cryptocurrency. That’s because it uses cryptography for security, making it difficult to counterfeit. Bitcoin issuance and transactions are carried out collectively by the network, with no central authority, and allow users to make secure, verified transfers.
Good PR
On Feb. 10 Bitcoin Shop’s CEO Charles Allen Appeared on CNBC's Fast Money show to promote the site.
TUCND share price closed at $4.57 cents on Feb. 10, unchanged from its closing price of the previous day.
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Well Power, Inc. (OTCQB: VOELD) share price jumped 491% to close at 32 cents, up 28 cents from its previous day’s close of 5 cents.
The Houston-based energy technology company’s stock volume also soared with 34,008,504 shares changing hands, nearly seven times its three-month average volume of 5,711,542.
New Micro-Refinery Technology
It appears that investors are currently enthralled with the potential Well Power’s newly licensed technology that it says enables oil and gas producers and operators to process otherwise wasted natural gas, including stranded, shut-in, flared and vented gas and produce valued end-products. These would include Engineered FuelTM (diesel, diluents, synthetic crude) and electrical power.
Find out what could be the best investor’s move when it comes to VOELD by getting the complete report here, or by cutting and pasting the following link in your Web browser:
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What’s Fueling Sudden Uptick in Volume?
San Francisco-based Sunesis Pharmaceuticals Inc. (Nasdaq: SNSS) stock volume shot through the roof Feb. 10, with 2,708,290 shares changing hands, six times greater than its three-month average volume of 445,156.
What’s behind the sudden volume boost is unknown. On Jan. 9 the company announced that it has expanded its hematology franchise through separate global licensing agreements for two preclinical kinase inhibitor programs
Sunesis is a biopharmaceutical company focused on the development and commercialization of new oncology therapeutics for the treatment of solid and hematologic cancers. Sunesis has built a highly experienced cancer drug development organization committed to advancing its lead product candidate, vosaroxin, in multiple indications to improve the lives of people with cancer.
SNSS share price closed at $4.71 cents on Feb. 10, down 27 cents from its closing price of $4.98 the previous day.
Find out what could be the best investor’s move when it comes to SNSS by getting the complete report here, or by cutting and pasting the following link in your Web browser:
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Net Profit Declines By 91%
Chinese online media company Sohu.com Inc. (NASDAQ: SOHU) share volume soared Feb. 10, with 3,052,168 changing hands.
The volume was most probably fueled by its Feb. 10 release of its fourth quarter results that were not positive.
The BEIJING-based company revealed that its gross operating revenue of 385 million in fourth quarter of 2013 ended December 31, 2013, rising 29% from a year earlier. But its net profit reached 2 million, declining 91%. GAAP net profit for 2013 was USD 167 million, narrowing 6%.
SOHU share price closed at $71.55 cents on Feb. 10, up 3 cents from its closing price of $71.52 the previous day.
Find out what could be the best investor’s move when it comes to SNSS by getting the complete report here, or by cutting and pasting the following link in your Web browser:
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