Small cap
stocks making big moves on Friday, November 14, 2014 (as of 4 pm EST), as
reported by Hassan Malik, SmallCapPower.com
Virgin America Inc. (NASDAQ: VA)
shares shot up 30% to $30 as the company had its IPO on Friday morning. The
company couldn’t have chosen a better time to have its IPO. Airlines worldwide
are reaping huge profits thanks to full planes, rising revenue and falling fuel
prices. First trades came in at $27, which was 17% above the IPO price. In the
short term, analysts say that investors should consider hopping on with Virgin
as it is has a lot of things going for it including a loyal customer base, new
routes and the “Virgin Cool Factor” courtesy of Richard Branson.
As well,
shares of Geron Corporation (NASDAQ: GERN)
surged 20% to $2.76 after the drug developer licensed its cancer compound to a
unit of Johnson & Johnson for up to $935 million, causing its shares to
soar as much as 33% in extended trading yesterday (Thursday Nov. 13). The drug
developer will receive $35 million in upfront payment and the rest in milestone
payments. The licensing deal comes as a relief to the company, which has seen a
large price drop in its shares, going from the high $70 range in 2000 to a mere
$2.31 yesterday (Thursday Nov. 13).
Infosonics Corp. (NASDAQ: IFON)
stock, meanwhile, sank 25% to $1.41 on Friday following weaker-than-expected Q3
financial results. On a per share basis, the company reported a Q3 loss of
$0.04. This figure was $0.00 in Q3 of 2013. InfoSonics reported net sales for
the 2014 third quarter of $8.1 million, which represented a $1.7 million, or
18%, decrease from $9.9 million for the third quarter of 2013.
