U.S. markets gained Friday after data showed more jobs were created in February than forecasted. The Dow Jones Industrial average gained 0.19 percent to close up 0.8 percent for the week, while the S&P 500 Index gained 0.05 percent to close up 1.0 percent for the week. On Friday, the Labor Department reported nonfarm payrolls increased by a seasonally adjusted 175,000 in February, topping the consensus estimate of 150,000. "It's a very encouraging report, indicating that we've mostly seen weather disruptions," said Morgan Stanley economist Ted Wieseman. Here is how some stocks reacted Friday:
FuelCell Energy Inc. (NASDAQ: FCEL) shares traded in the range of $3.11 to $3.58 Friday before settling to close at $3.53, an increase of 18.06 percent. The stock appears to have some support at the $2.96, $2.41 and $2.19 levels. The company has announced further developments related to the on-site distributed hydrogen generation market. Shares of FuelCell Energy have gained approximately 150.0 percent year-to-date.
More information on FuelCell Energy and access to the free equity report can be found at: www.WallStreetFundamentals.com/FCEL
Peregrine Pharmaceuticals (NASDAQ: PPHM) shares traded in the range of $2.31 to $2.71 Friday before settling to close at $2.40, a decrease of 8.05 percent. The stock appears to have some support at the $2.34, $2.00 and $1.86 levels. The company reported revenues were $3,885,000 for fiscal 2014, compared to $7,039,000 a year ago. Shares of Peregrine Pharmaceuticals have gained approximately 70.0 percent year-to-date.
More information on Peregrine Pharmaceuticals and access to the free equity report can be found at: www.WallStreetFundamentals.com/PPHM
Quantum Fuel Systems Tech Worldwide Inc. (NASDAQ: QTWW) shares traded in the range of $9.00 to $11.25 Friday before settling to close at $10.25, an increase of 9.04 percent. The stock appears to have some support at the $9.49, $9.12, and $8.76 levels. The company reported revenues from continuing operations totaled $12.7 million for the fourth quarter of 2013, an increase of $7.1 million when compared to a year ago. Shares of Quantum Fuel Systems have gained approximately 30.0 percent year-to-date.
More information on Quantum Fuel Systems and access to the free equity report can be found at: www.WallStreetFundamentals.com/QTWW
Vermillion, Inc. (NASDAQ: VRML) shares traded in the range of $2.78 to $3.25 Friday before settling to close at $2.91, a decrease of 11.01 percent. The stock appears to be facing some resistance at the $2.92 and $3.02 levels with some support at $2.87 and $2.73. The company reported a net loss of $1.8 million for the fourth quarter of 2013, up from a net loss of $1.4 million a year ago. Shares of Vermillion have gained approximately 23.0 percent year-to-date.
More information on Vermillion and access to the free equity report can be found at: www.WallStreetFundamentals.com/VRML
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