Small
cap stocks making big moves on Thursday, August 28, 2014 (as of 4 pm EST), as
reported by Sean Mason, SmallCapPower.com
SGOCO Group, Ltd. (NASDAQ: SGOC)
shares powered 76% higher to $2.84 on volume of more than 8.5 million shares
Thursday after the company focused on product design, distribution and brand
development in the China display market said it has launched a
new online sales platform on JD.com, to help accelerate its
delivery of products and services.
As well,
shares of Sungy Mobile Limited (NASDAQ: GOMO)
sank 19% to $8.44 as the provider of mobile Internet products and services
globally reported second-quarter revenue and earnings that fell short of
analyst expectations and issued a revenue warning for Q3.
Digital Ally, Inc. (NASDAQ: DGLY), meanwhile, announced the
receipt of an order valued at more than $1.1 million from the State of
Michigan. Digital Ally stock popped 37% to $15.68 following the announcement.
Finally,
RadioShack (NYSE: RSH)
shares shot up 31% to $1.43 after reports surfaced that Standard
General LP, the consumer electronics retailer’s major shareholder, could
rescue the company with a financing deal to help it stave off bankruptcy.
