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The Dolan Company (NYSE: DM) shares closed down 49.52 percent on nearly 3.6 million shares traded on Tuesday. The stock posted one of the largest percentage increases on the NYSE that day and traded in between 0.96 - 1.6 yesterday. $0.96 represented a new 52-week low for the stock. The big drop came after disappointing Q3 results. Adjusted EPS of $0.02 missed the $0.03 consensus; rev fell 21% to $35.5 million vs. the $43.8 million consensus.
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diaDexus, Inc. (OTC: DDXS) shares closed down 54.15 percent on Tuesday with about 4.5 million shares traded. The stock traded in the range of 0.64 and 1.04 a share yesterday. The Company provided an update to their PLAC® Test business related to the topline Phase 3 STABILITY trial results announced by GlaxoSmithKline (GSK). GSK reported in a press release this morning that their trial evaluating the Lp-PLA2 inhibitor, darapladib, did not meet its primary endpoint measure, which was time to first occurrence of any major adverse cardiovascular event (MACE).
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The Alkaline Water Company Inc. (OTCBB: WTER) shares closed down 17.78 percent on Tuesday, making it nearly 30% in losses seen since Monday. The stock traded roughly 3.5 million shares and had a range of 0.35 – 0.45 yesterday with 0.35 becoming a new 52-week low. The company announced significant entry into the Oklahoma City marketplace through the initiation of orders from key regional retailer BUY FOR LE$$.
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On Track Innovations Ltd. (NASDAQ: OTIV) shares closed up 23.33 percent on Tuesday and traded in between 1.80 - 2.43 a share. $2.43 represented a new 52-week high for the stock. Volume traded was at a little more than 2.7 million shares yesterday. OTI Africa, a global Value Added Reseller (VAR) of petroleum products and wholly owned subsidiary of On Track Innovations Ltd. (OTI) (NASDAQ: OTIV), recently received initial purchase orders for its EasyFuel Plus solution from customers, including a major global supply chain customer valued at more than $1 million.
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