NEW YORK / ACCESSWIRE / May 28, 2014 / Market Buzz Report, which provides up to date coverage, commentary and alerts on OTC and NASDAQ Stocks, issues critical stocks analysis for Bank of America Corp , Spherix Inc, Micron Technology, Terra Tech Corp.
Spherix Inc (NASDAQ:SPEX)’s shares surged 96.69% to $2.97. The company on May 27 noted that the United States Senate, and Senate Judiciary Committee Chairman Patrick Leahy (D-Vermont), removed the patent reform bill from the committee's calendar. Senator Leahy cited the lack of broad bipartisan support for the bill, and also stated that many of the proposals would overly burden "legitimate patent holders who employ thousands of Americans." Anthony Hayes, Chief Executive Officer of Spherix, stated, "The removal of this bill from the Senate Judiciary Committee schedule should remove some of the uncertainty which has been clouding our industry. Spherix is committed to responsibly protecting the patents it owns, and we remain eager to work with companies large and small to reach fair agreements."
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Bank of America Corp (NYSE:BAC)’s shares gained 3.40% to $15.22. The company on May 27 said that it had resubmitted its smaller stress-test capital plan to the Federal Reserve. The announcement is the latest step as the bank navigates aftermath of a $4 billion capital error it disclosed last month. The error, disclosed April 28, forced the bank to suspend its plans for returning capital to shareholders, and the Fed had given it until Tuesday to submit a new plan.
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Additionally, Bank of America Chief Executive Officer Brian Moynihan will participate in the Sanford C. Bernstein 30th Annual Strategic Decisions Conference in New York on May 28 at 10 a.m. ET.
Micron Technology, Inc. (NASDAQ:MU)’s shares gained 2.67% to $28.06. Micron’s shares were upgraded to Outperform from Sector Perform at RBC Capital on May 19.
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Additionally, the company’s CEO Mark Durcan will present Wednesday, May 28, at the 30th annual Sanford C. Bernstein Strategic Decisions Conference. The company is a global leader in advanced semiconductor systems. Micron's broad portfolio of high-performance memory technologies-including DRAM, NAND and NOR Flash-is the basis for solid state drives, modules, multichip packages and other system solutions.
Terra Tech Corp (OTCBB:TRTC)’s stock soared 32.39% to $0.47. Inergetics, Inc. (NRTI), a leading developer of nutritional supplements, on May 21 announced that the inaugural meeting of its Scientific/Medical Advisory Board will be held on June 3, 2014. The advisory board is responsible for guiding the formulation of the proprietary line of natural Cannabidiol (CBD)-based nutritional supplements the company is developing in partnership with Terra Tech Corp (TRTC).
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Additionally, the company on May 15 announce the filing of its First Quarter 2014 financial results for the quarter ending March 31, 2014. Total revenues generated from the sales of the Company's products for the quarter ended March 31, 2014 totaled $560,319, an increase of $494,198 from the quarter ended March 31, 2013, which totaled $66,121. The net result for the quarter ended March 31, 2014 was a loss of .03 cents per share compared to a loss of $.02 cents per share for the quarter ended March 31, 2013. The company finished the quarter with a strong cash position of over $2.9 Million.
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SOURCE: Market Buzz Report
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