Small
cap stocks making big moves on Friday, July 11, 2014 (as of 4 pm EST)
InterCloud Systems, Inc. (NASDAQ: ICLD)
shares climbed 12% to $6.25 on volume of more than 2.6 million shares Friday
after the provider of end-to-end information technology and
next-generation network solutions said it has added more than $8 million in
next generation network solution sales.
As well,
shares of Isle of Capri Casinos,
Inc. (NASDAQ:
ISLE) slipped 14% to $8.69 as the regional gaming and entertainment
company announced various management changes that it expects will save
approximately $2.5 million going forward, exclusive of severance costs.
Joe’s Jeans Inc. (NASDAQ: JOEZ),
meanwhile, beat the consensus analysts’ EPS estimate for its second quarter and
earned an upgrade at B. Riley to “buy” from “neutral,” with
the price target being raised to $1.70. Joe’s Jeans stock gained 20% to $1.24.
Finally,
American Apparel (NYSE MKT: APP)
shares moved up 15% to $1.18 after hedge fund Standard General reached
an agreement to revamp the company’s board and give the struggling clothing
retailer a cash infusion of $25 million.
