Small
cap stocks making big moves on Friday, July 18, 2014 (as of 4 pm EST)
Zhone Technologies, Inc. (NASDAQ: ZHNE)
shares surged 30% to $3.56 on volume of more than 8.7 million shares Friday
after the provider of FTTx network access solutions reported second-quarter
revenue of $32.4 million, up from $30.0 million during the same period last
year. The company also announced the appointment of James Norrod as its new
President and CEO.
As well,
shares of Key
Energy Services Inc. (NYSE: KEG)
slid 16% to $7.03 on more than 15.9 million shares traded following a
warning from the onshore, rig-based well servicing contractor that it
expects to report a second-quarter loss in the range of 35 cents to 38 cents.
SAGE Therapeutics, Inc. (NASDAQ: SAGE)
stock, meanwhile, shot up 67% to $30.10 on its first day of trading Friday. The
biopharmaceutical company is developing novel medicines to treat
life-threatening, rare central nervous system disorders.
Finally,
InterCloud Systems, Inc. (NASDAQ: ICLD)
shares gained 6% to $6.17 after the provider of end-to-end information
technology and next-generation network solutions said its new business backlog
for 2014 currently is in excess of $23 million.
