Small cap
stocks making big moves on Friday, January 30, 2015 (as of 4 pm EST), as
reported by Hassan Malik, SmallCapPower.com
Shake Shack Inc. (NYSE: SHAK)
shares skyrocketed 119% to $45.90 following its IPO on Friday. The New York
based burger chain priced its shares late Thursday at $21, which was above the
price range of $17 to $19 a share. Its shares opened at $47.21 and climbed as
high as $52.50 in early trading.
As well,
shares of Gulf Resources, Inc. (NASDAQ: GURE)
shot up 49% to $1.76 after the company announced that it has found natural gas
resources under its bromine well in the Sichuan province of China. The company
previously started drilling under its existing well and did exploration
analysis on the resources from different levels, which led to the discovery of
the natural gas.
Hawaiian Holdings Inc. (NASDAQ: HA)
stock, meanwhile, sank 27% to $19.44 after the airline said it expects
operating revenue per available seat mile to fall in the first quarter of 2015.
The company expects operating revenue per available seat mile to fall between
3.5% and 6.5% in the first quarter. The company reported operating revenue per
available seat mile of 12.99 cents in the first quarter of 2014.
