LiveDeal, Inc. (NASDAQ: LIVE) shares close up nearly 34% on Wednesday with almost 16 million shares traded. The stock was one of the most active stocks on the NASDAQ. The company announced that it will be added to Morgan Stanley Capital International's (MSCI) exclusive Global Index."In a rebalancing of MSCI's global indices, LiveDeal is being added to the MSCI US Micro Cap Index, and with it, investors should see greater liquidity, and price appreciation," the company wrote in a statement. "LiveDeal should benefit greatly from being added to the exclusive list of companies that will garner worldwide attention from large pension plans, hedge funds, asset managers, and banks."
LiveDeal, Inc., together with its subsidiaries, provides customer acquisition and online listing services for small and medium-sized local businesses in the United States. It offers online presence marketing products, including template and custom Website design for desktop or mobile devices; social media marketing; and content marketing, such as blog postings and commenting, updating clients Websites, blog commenting, social bookmarking, social media directory listing, and profile submission to the search engines.
Get more information on LiveDeal, Inc. and free access to the in depth equity report at: www.TrendingWallStreet.com/stockquote/LIVE
TrendingWallStreet.com wants to help everyday people gain awareness about some of the hottest penny stocks trading in the stock market today. TrendingWallStreet.com releases momentum alerts on companies that you may have never heard about or thought about looking at. Take a few minutes to register with us at http://www.trendingwallstreet.com/ to get full access to our free stock reports.
PetroLogistics LP (NYSE: PDH) shares hit a new 52-week high of $14.31 during intra-day trading on Wednesday. Flint Hills Resources, a subsidiary of Koch Industries, ag has agreed to buy PetroLogistics for $2.1 billion in cash, expanding its chemicals business. Flint Hills will purchase PetroLogistics common units for $14 each.
PetroLogistics LP owns and operates propane dehydrogenation facility that produces polymer grade and chemical grade propylene from propane in North America. The company offers propylene, hydrogen, and C4 mix/C5+ streams to petrochemical industry. Its propylene is used in the production of paints, coatings, building materials, clothing, automotive parts, packaging, and various other consumer and industrial products.
Get more information on PetroLogistics LP and free access to the in depth equity report at” www.TrendingWallStreet.com/stockquote/PDH
Disclosure: TrendingWallStreet.com is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell securities. Investors should always conduct their own due diligence with any potential investment. Please read our report and visit our website, for complete risks and disclosures.