It’s a fact that a surge in a company’s stock volume can come from positive or negative news.
On Feb. 13 it was no different as a lawsuit and an acquisition helped spark an uptick in volume of the most active stocks.
Files Lawsuit Against Under Armor
The uptick in volume was triggered in part by the recent news that the German-based athletic and sport apparel maker filed a lawsuit against one of its chief competitors Under Armour Inc. Filed Feb. 4, the lawsuit claimed that Under Armour’s exercise tracking and fitness monitoring equipment infringe on Adidas’ patents.
According to the lawsuit, Under Armour allegedly infringed on 10 patents used in the Adidas’ fitness tracking system called miCoach.
The German company holds patents for technology including mobile applications products that monitor heart rates and calories burned during a work out, according to the company’s complaint filed as AG v. Under Armour Inc., 14-cv-00130 in U.S. District Court, District of Delaware in Wilmington.
The lawsuit specifically claims that Under Armour’s MapMyFitness and other products copy Adidas’ products. Adidas is seeking a jury trial and a court order to halting Under Armor’s sale of the products. The lawsuit also states that Adidas wants to receive a reasonable royalty and for Under Armour to provide triple damages because of its alleged wilful infringement.
The Baltimore-based Under Armour has not yet officially responded to this lawsuit.
Find out what could be the best investor’s move when it comes to ADDYY by getting the complete report here, or by cutting and pasting the following link in your Web browser:
The increase in volume comes on the heels of news Feb 10 that the German telecommunication company is acquiring all remaining shares of T-Mobile Czech Republic for about $1 billion.
Deutsche Telekom said it was purchasing the 39.23% stake in the company from a consortium of investors led by funds managed or advised by private equity group Mid Europa Partners. Telekom added that the acquisition of the remaining shares is a natural step to full ownership of what was already a controlled subsidiary.
According to Deutsche Telekom, the move will enable a simplification of T-Mobile Czech Republic's capital and governance structure and save the company money. The transaction is expected to close by the end of February.
Find out what could be the best investor’s move when it comes to DTEGY by getting the complete report here, or by cutting and pasting the following link in your Web browser:
Find out what could be the best investor’s move when it comes to TCLRY by getting the complete report here, or by cutting and pasting the following link in your Web browser:
Sixfigurestockpicks.com issues momentum alerts on stocks that can provide gains to day traders.
Sixfigurestockpicks.com provides members with timely information and exclusive alerts on cheap and under-valued stocks in the United States with the potential to deliver gains of 100% - 200% or more.
Sixfigurestockpicks.com monitors and scans the markets for stock related signals as well as any external factors that might bring trading opportunities. Through a vast network of IR professionals DailyStockMotion.com is often in the know of several large investor awareness campaigns being deployed. Timing is everything when trading Penny Stocks. Gain an Edge by joining the Sixfigurestockpicks.com newsletter and receiving alerts from a Pro-Active team of researchers. Trading Alerts believes traders should have a chance at successfully trading penny stocks and invites traders and investors to be part of the Free VIP membership. Simply sign up for free and start receiving exclusive alerts. Subscribe Here: http://www.sixfigurestockpicks.com Disclosure