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Rackspace Hosting, Inc. (NYSE: RAX) – For an in-depth report on Rackspace Hosting, Inc. follow: www.BullTrends.com/stockquote/RAX
Shares of Rackspace Hosting closed down 19.10% on Tuesday with nearly 25 million shares traded. The stock was one of the biggest droppers on the NYSE and came very close to its 52-week low during intra-day trading. The decline came after the company announced the resignation of its CEO, mixed quarterly results, and light forward revenue guidance. CEO Lanham Napier has decided to step away from public company executive leadership after 14 years from the time he co-founded the company. He plans to invest in and advise other entrepreneurial companies going forward.
TriQuint Semiconductor, Inc. (NASDAQ: TQNT) – For an in-depth report on TriQuint Semiconductor, Inc. follow: www.BullTrends.com/stockquote/TQNT
Shares of TQNT closed up 11.39% on Tuesday with about 11.6 million shares traded. The stock was one of the leading advancers on the NASDAQ and even hit a new 52-week high of $9.44 during intra-day trading. The stock also saw a big volume boost at 11.6 million shares traded compared to an average of about 2 million shares. Last week the company turned in better-than-expected fourth-quarter results. Quarterly revenue rose 7% year over year to $267.7 million, which translated to adjusted earnings of $0.16 per share. Analysts, on average, were looking for earnings of just $0.13 per share on sales of $265.93 million. On Tuesday the company announced several new premium filters for next-generation smartphones and other mobile devices. The high-performance filters utilize the company’s advanced acoustic wave filtering technologies to address some of the industry’s toughest LTE interference problems.
Federal National Mortgage Association (OTCBB: FNMA) – For an in-depth report on Federal National Mortgage Association follow: www.BullTrends.com/stockquote/FNMA
Federal National Mortgage Association closed up a modest 3.67% on Tuesday with about 13.3 million shares traded. Americans are increasingly likely to think it’s “easy” to get a home loan, according to a report released Monday. Last month 52% of respondents to a survey from federally controlled mortgage buyer Fannie Mae FNMA said they thought it would be “easy” to get a home mortgage today. That share was a record-high for the series, which goes back to mid-2010. Fannie’s survey polls 1,000 American adults each month.
Axxess Pharma Inc. (OTC: AXXE) – For an in-depth report on Axxess Pharma Inc. follow: www.BullTrends.com/stockquote/AXXE
Shares of Axxess Pharma closed up 8.11% on Tuesday with nearly 2.3 million shares traded. The stock was one of the biggest gainers trading in the OTC marketplace that day. On Monday the company announced that through its wholly-owned subsidiary AllStar Health Brands Inc. has entered into an exclusive distribution agreement with Hardcore Beverages for Australia, New Zealand, South Korea, and Indonesia with other Asian markets to be added at a later date. HardCore Beverages of Queensland, Australia has experienced first-hand the power of the TapouT® brand with the successful marketing of TapouT beverages.
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