Small cap
stocks making big moves on Friday, February 13, 2015 (as of 4 pm EST), as
reported by Hassan Malik, SmallCapPower.com
World Wrestling Entertainment Inc. (NYSE: WWE)
shares gained 16% to $16.59 on Friday after the entertainment company reported Q4
revenue that surged 19%. As well, WWE posted sales of $140.5 million, with a
net loss of $0.02 per share, improving on the net loss of $0.10 in the
year-earlier quarter. A consensus of analysts had forecast revenue of $134.4
million and a net loss of $0.08.
As well,
shares of Genetic Technologies Limited
(NASDAQ: GENE)
shot up 31% to $8.04 after the life science company’s ADR shares on NASDAQ
surged 8% earlier this week and 36% overnight. ADRs or American Depositary
Receipts are a security that trade on US exchanges and represent shares traded
on other stock exchanges. In Genetic Technologies’ case, 1 ADR is the
equivalent of 150 GTL shares traded on the ASX.
MagnaChip Semiconductor Corporation (NYSE: MX)
stock, meanwhile, plummeted 50% to $7.52 after the semiconductor manufacturer was
downgraded by equities researchers at Topeka Capital Markets from a “buy”
rating to a “hold” rating in a research report issued on Friday. They currently
have a $9 target price on the stock, down from their previous target price of
$14. Topeka Capital Markets’ target price points to a potential downside of 40%
from the stock’s previous close.
