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China Mobile Games & Entertainment Group Ltd. (NASDAQ: CMGE) shares dropped 12.54 percent to close at $22.18 a share Friday. The stock traded between $22.06 and $24.03 on volume 2.28 million shares traded. The company priced a follow-on public offering of 3,442,000 American depositary shares at $24.00 per ADS. Shares of China Mobile Games & Entertainment are down approximately 12.0 percent year-to-date.
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GigaMedia Limited (NASDAQ: GIGM) shares spiked 9.55 percent to close at $1.72 a share Friday. The stock traded between $1.57 and $1.84 on volume of 2.55 million shares traded. The company reported preliminary results for the fourth quarter of 2013 which were in line with guidance. Shares of GigaMedia are up approximately 70.0 percent year-to-date.
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Novatel Wireless Inc. (NASDAQ: NVTL) shares jumped 8.70 percent to close at $2.00 a share Friday. The stock traded between $1.85 and $2.02 on volume of 1.17 million shares traded. The company previous reported revenue was $335.1 million for the full year fiscal 2013. Shares of Novatel Wireless are down approximately 15.0 percent year-to-date.
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The Wet Seal, Inc. (NASDAQ: WTSL) shares fell 11.43 percent to close at $1.55 a share Friday. The stock traded between $1.43 and $1.73 on volume 5.44 million shares traded. The company reported consolidated comparable store sales declined 16.5 percent for the fourth quarter of 2013. Shares of The Wet Seal are down approximately 43.0 percent year-to-date.
Get more information on The Wet Seal and free access to the in-depth equity report at:
www.FiveStarEquities.com/WTSL
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