Cato Corporation Falls After Reporting Fourth Quarter Earnings; Genco Pops in After-Hours Trading


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Companies Mentioned

PK:RFMK / OTC:BB:GFOX / NYSE:CATO / NYSE:GNK
03/21/2014 [ACCESSWIRE]

Rapid Fire Marketing, Inc. (OTC: RFMK) – For an in-depth report on Rapid Fire Marketing, Inc. follow: www.BullTrends.com/stockquote/RFMK

RFMK closed up 21.88% on Thursday with about 370 million shares traded. The stock was a leader in the OTC market. The company announced that they are fully reporting and now listed on the OTCQB. OTCQB companies must be registered with and reporting to the SEC.  Rapid Fire Marketing has now obtained the services of a Market Maker to file, or essentially "sponsor", the Company onto the Over the Counter Bulletin Board (OTCBB). As previously announced, the company will be applying for a name and ticker symbol change with FINRA.

Gray Fox Petroleum Corp. (OTCBB: GFOX) - For an in-depth report on Gray Fox Petroleum Corp. follow: www.BullTrends.com/stockquote/GFOX

Shares of Gray Fox Petroleum closed up about 10% on Thursday with about 260,000 shares traded. The stock was one of the biggest winners in the OTCBB market despite lack of any significant news released. The company intends to explore alternative business opportunities in the oil and gas industry.

The Cato Corporation (NYSE: CATO) - For an in-depth report on The Cato Corporation follow: www.BullTrends.com/stockquote/CATO

CATO closed down 12.92% on Thursday with about 625,000 shares traded. The stock was one of the biggest decliners on the NYSE. The drop came after the company released its fourth quarter earnings report for the fiscal year ending Feb. 1, 2014. For the fourth quarter the women's fashion retailer reported a net income of $3.8 million or 13 cents a share. That number does not compare well to the $7.9 million or 27 cents a share it reported in the fourth quarter 2012. Net income and earnings per diluted share were down 52% between those two time periods.

Genco Shipping & Trading Ltd. (NYSE: GNK) - For an in-depth report on Genco Shipping & Trading Ltd.: www.BullTrends.com/stockquote/GNK

Shares of GNK closed down 22.98% on Thursday with about 17.5 million shares traded. The stock was one of the biggest decliners on the NYSE and came just 2 cents shy of its 52-week low during intra-day trading. However, afterhours GNK jumped after the company disclosed in a regulatory filing that on March 20, the company made the scheduled semi-annual interest payment of approximately $3.1M originally due on February 18 under its 5.00% Convertible Senior Notes due August 15, 2015. Shares jumped back 28.23% during after-hours trading.

 

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