On Feb. 21, Microvision Inc.’s (NASDAQ:MVIS) share volume blasted through the roof, with 34,712,864 shares changing hands, more than 24 times its three-month average of volume of 1,424,600 shares.
This comes as a direct result of Sony Corp. (NYSE:SNE) announcement the same day that it’s developing an HD-resolution pico projector module that uses MicroVision’s PicoP mobile projection technology.
“This newly developed module is composed primarily of a semiconductor laser, MEMS (Micro Electro Mechanical Systems) mirror, their respective drivers, and a video processor to control the video signal processing and image output,” the Sony release said. “It adopts a LBS system that incorporates a semiconductor laser as the source of light, whereby the laser beam is reflected and controlled by a MEMS mirror to scan and project the image,” the release added.
NASDAQ Global Market Listing Deficiency Notice
This piece of good news comes at an opportune time for Microvision. That’s because the Redmond-based technology company received a notice on Dec. 17, 2013 from The Nasdaq Stock Market advising the company that for 30 consecutive business days preceding the date of the notice the company was not in compliance with the $50,000,000 minimum market value of listed securities required for continued listing on The Nasdaq Global Market pursuant to Nasdaq's listing requirements. In accordance with NASDAQ’s listing rules, the company has 180 calendar days, or until June 16, 2014, to regain compliance with this requirement.
On Feb. 21, MVIS’s share price closed at $2.83, up 16 cents from the share price of $2.67 the previous day.
Find out what could be the best investor’s move when it comes to MVIS by getting the complete report here, or by cutting and pasting the following link in your Web browser:
Stock and Share Volume Down
Conversely, Plug Power Inc. (NASDAQ:PLUG) stock volume was lethargic Feb. 21, with just 6,165,485 shares changing hands, substantially below its 3-month average volume of 21,768,575 shares.
This is a far cry from Plug Power’s volume Feb. 10, when 47,975,000 shares were traded.
The volume was obviously fueled by an announcement the same day that the company has received a significant GenKey contract from a leading, but unnamed, retailer to roll out its turnkey hydrogen fuel cell system solutions at six North America distribution centers in a two year period. According to the announcement, the first site is expected to be operational sometime in the second quarter of 2014.
Plug Power has over 4,500 GenDrive units deployed with leading North American material handling operators, such as Walmart, Procter & Gamble, Kroger, BMW and Mercedes Benz.
Has Never Been Profitable
Despite this, the Latham, NY-based fuel-cell maker has not had a profitable quarter since it opened its doors 15 years ago in 1999. Perhaps 2014 will be the year. We’ll have to wait and see.
On Feb. 21, PLUG’s share price closed at $3.63, down 7 cents from the share price of $3.70 the previous day.
Find out what could be the best investor’s move when it comes to PLUG by getting the complete report here, or by cutting and pasting the following link in your Web browser:
Fiscal Third-Quarter Earnings Disappointing
Meanwhile, Alternative energy company Capstone Turbine Corp.’s (NASDAQ:CPST) stock also soared Feb. 21 on volume of 6,141,774 shares, significantly higher than its 10-year average volume of 4,012,909 shares.
This comes a little more than a week after the Chatsworth, Calif.-based microturbine company announced a rather disappointing fiscal third quarter.
Although Capstone reported, $37 million in revenue for the quarter, compared with revenue $33 million revenue the previous quarter, the company still lost $2 million for the quarter. Granted, this is less than the $4 million it lost the previous quarter, but it is still a substantial loss.
On Feb. 21, CPST’s share price closed at $1.77, up 6 cents from the share price of $1.71 the previous day.
Find out what could be the best investor’s move when it comes to CPST by getting the complete report here, or by cutting and pasting the following link in your Web browser:
In the biotech sector, Dynavax Technologies Corp. (NASDAQ: DVAX) share volume soared Feb. 21, with 6,013,713 changing hands, substantially higher than its three-month average volume of 5,132,531 shares.
This comes on the heels of some bad news Feb. 18 that the Berkeley-Calif.-based biopharmaceutical company has withdrawn the European Marketing Authorization Application for HEPLISAV, its investigational hepatitis B vaccine.
The Day 180 List of Outstanding Issues provided by the European Medicines Agency indicated that the current HEPLISAV safety database is considered to be too small to rule out a risk of less common serious adverse events.
According to the release, Dynavax has chosen to withdraw the application because the required timeframe for response under the procedure is not long enough to permit the collection of the necessary clinical data.
Meanwhile, Dynavax developing new drugs to prevent and treat infectious diseases, is a penny stock riding the tidal wave of positive PR its clinically-developed Heplisa has been generating lately.
This is a hepatitis B vaccine that although rejected by the FDA earlier this year because it didn't have enough data to determine its safety, is considered superior to present vaccines and is currently being reviewed for possible European approval. Moreover, Dynavax has not given up on FDA approval and is launching a new late-stage trial of Heplisa, which it hopes to complete in 2015.
Of the four analysts covering Dynavax's stock, three of them recommend "a strong buy" on the stock, while one recommends a "hold."
On Feb 21, DVAX’s share price closed at $ 1.90, up 8 cents from $1.82 the previous day, on volume of 2,698,618 shares.
Find out what could be the best investor's move when it comes to DVAX by getting the complete report here, or by cutting and pasting the following link in your Web browser:
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