Verenium Corporation (NASDAQ:VRNM) Is The Top Percentage Gainer On NASDAQ During Morning Trading Hours
Palm, Inc. (NASDAQ:PALM) and AirMedia Group Inc. (ADR) (NASDAQ:AMCN) Round Out Top Three Volume and Percentage Gainers During Morning Trading Hours
(EMAILWIRE.COM, June 26, 2009 ) New York, NY - PennyStockPickAlert is pleased to alert investors of stocks on the move.
Verenium Corporation (NASDAQ:VRNM) is one of the highest percentage gainer on Nasdaq and surged over 28% on unusual volume of 450K shares and now trades at $0.89. Verenium Corporation , a pioneer in the development of next-generation cellulosic ethanol and high-performance specialty enzymes, and international energy company BP today announced that their jointly-owned, commercial cellulosic ethanol project, located in Highlands County, Florida, has been selected by the U.S. Department of Energy (DOE) to enter the due diligence phase of its Title XVII Loan Guarantee Program. Under this program, the DOE may provide loan guarantees for project debt covering up to 80% of eligible costs. The Highlands project is scheduled to break ground in 2010.
Palm, Inc. (NASDAQ:PALM) is the top volume gainer and jumped over 9.50% and trades at $15.36, after touching new 52- week high of 15.65 in today’s opening trade. Within the first trading hour over 2 million shares have already been traded in 5000 trades. Today it reported that total revenues in the fourth quarter of fiscal year 2009, ended May 29, 2009, were $86.8 million. Gross profit was $20.1 million and gross margin was 23.1 percent. Net loss applicable to common shareholders for the fourth quarter of fiscal year 2009 was $(105.0) million, or $(0.78) per diluted common share. This compares to a net loss applicable to common shareholders for the fourth quarter of fiscal year 2008 of $(43.4) million or $(0.40) per diluted common share. The company shipped a total of 351,000 smartphone units during the quarter, representing a 6 percent increase from the third quarter of fiscal year 2009 and a year-over-year decline of 62 percent. Smartphone sell-through for the quarter was 460,000 units, down 5 percent vs. the third quarter of fiscal year 2009 and down 52 percent year-over-year.
AirMedia Group Inc. (ADR) (NASDAQ:AMCN) has moved up over 20% on thin volume of 20K shares and trades at $8.05. Chinese online portal and game operator Sohu.com Inc. will not acquire Nasdaq-listed airport advertising company AirMedia Group Inc., Sohu's spokesman told Interfax on June 26 in response to industry rumors. AirMedia Group Inc. (AirMedia) operates a digital media network in China dedicated to air travel advertising. As of March 1, 2009, the Company operated 2,428 digital frames and 2,752 digital television screens in airports and place its programs on 49,482 digital television screens on airplanes. AirMedia operates its advertising business through its consolidated variable interest entities and their subsidiaries in China. The Company has contractual concession rights to operate digital frames in 26 airports in China.
PennyStockPickAlert.com alerts its members on stocks that could generate higher than average returns. These include stocks with huge volume, penny stocks that are moving to the upside quickly, penny stocks with buy signals and companies with news. Our alerts are well known for producing incredible results in a short amount of time and our members have made outstanding profits of over 100%. We encourage investors to join our FREE e-mail alerts by visiting PennyStockPick Alert
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PennyStockPickAlert is an independent electronic publication that provides information on selected publicly traded companies. PennyStockPickAlert.com is not a registered investment advisor or broker-dealer. PennyStockPickAlert affiliates, officers, directors and employees may buy and sell additional shares in any company mentioned herein and may profit in the event those shares rise in value. Please do your own Due Diligence before investing in any of the stocks mentioned above.
Verenium Corporation (NASDAQ:VRNM) is one of the highest percentage gainer on Nasdaq and surged over 28% on unusual volume of 450K shares and now trades at $0.89. Verenium Corporation , a pioneer in the development of next-generation cellulosic ethanol and high-performance specialty enzymes, and international energy company BP today announced that their jointly-owned, commercial cellulosic ethanol project, located in Highlands County, Florida, has been selected by the U.S. Department of Energy (DOE) to enter the due diligence phase of its Title XVII Loan Guarantee Program. Under this program, the DOE may provide loan guarantees for project debt covering up to 80% of eligible costs. The Highlands project is scheduled to break ground in 2010.
Palm, Inc. (NASDAQ:PALM) is the top volume gainer and jumped over 9.50% and trades at $15.36, after touching new 52- week high of 15.65 in today’s opening trade. Within the first trading hour over 2 million shares have already been traded in 5000 trades. Today it reported that total revenues in the fourth quarter of fiscal year 2009, ended May 29, 2009, were $86.8 million. Gross profit was $20.1 million and gross margin was 23.1 percent. Net loss applicable to common shareholders for the fourth quarter of fiscal year 2009 was $(105.0) million, or $(0.78) per diluted common share. This compares to a net loss applicable to common shareholders for the fourth quarter of fiscal year 2008 of $(43.4) million or $(0.40) per diluted common share. The company shipped a total of 351,000 smartphone units during the quarter, representing a 6 percent increase from the third quarter of fiscal year 2009 and a year-over-year decline of 62 percent. Smartphone sell-through for the quarter was 460,000 units, down 5 percent vs. the third quarter of fiscal year 2009 and down 52 percent year-over-year.
AirMedia Group Inc. (ADR) (NASDAQ:AMCN) has moved up over 20% on thin volume of 20K shares and trades at $8.05. Chinese online portal and game operator Sohu.com Inc. will not acquire Nasdaq-listed airport advertising company AirMedia Group Inc., Sohu's spokesman told Interfax on June 26 in response to industry rumors. AirMedia Group Inc. (AirMedia) operates a digital media network in China dedicated to air travel advertising. As of March 1, 2009, the Company operated 2,428 digital frames and 2,752 digital television screens in airports and place its programs on 49,482 digital television screens on airplanes. AirMedia operates its advertising business through its consolidated variable interest entities and their subsidiaries in China. The Company has contractual concession rights to operate digital frames in 26 airports in China.
PennyStockPickAlert.com alerts its members on stocks that could generate higher than average returns. These include stocks with huge volume, penny stocks that are moving to the upside quickly, penny stocks with buy signals and companies with news. Our alerts are well known for producing incredible results in a short amount of time and our members have made outstanding profits of over 100%. We encourage investors to join our FREE e-mail alerts by visiting PennyStockPick Alert
ABOUT PennyStockPickAlert
PennyStockPickAlert.com is a leading stock web site that provides free alerts on stocks that are poised to make big gains. PennyStockPickAlert also tracks small cap penny stocks that could be on the brink of a massive breakout. To feature a company on our web site please contact us at info@PennyStockPickAlert.com
PennyStockPickAlert is an independent electronic publication that provides information on selected publicly traded companies. PennyStockPickAlert.com is not a registered investment advisor or broker-dealer. PennyStockPickAlert affiliates, officers, directors and employees may buy and sell additional shares in any company mentioned herein and may profit in the event those shares rise in value. Please do your own Due Diligence before investing in any of the stocks mentioned above.
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