Small
cap stocks making big moves on Tuesday, October 7, 2014 (as of 4 pm EST), as
reported by Sean Mason, SmallCapPower.com
IFM Investments Limited (NYSE: CTC)
shares powered 49% higher to $2.09 on Tuesday after the real estate services
provider and exclusive franchisor for the CENTURY 21 brand in China said it has
entered into strategic cooperation agreements with SouFun Holdings Limited (NYSE: SFUN),
a leading Chinese real estate Internet platform.
As well,
shares of Innovative Solutions &
Support, Inc. (NASDAQ: ISSC)
plummeted 45% to $2.77 as the manufacturer of flight guidance and cockpit
display systems announced that Delta Airlines has purported to terminate its
contract with the company to provide a cockpit upgrade for its fleet of MD88
and MD90 aircraft, which represented about $62 million of Innovative Solutions’
reported backlog as of June 30, 2014.
IsoRay, Inc. (NYSE
MKT: ISR), meanwhile, reported what it called “positive results” in
regards to its Cesium-131 seed in a young female patient with
an inoperable glioblastoma brain tumor. IsoRay stock popped 20% to $1.65 following the announcement.
Finally,
CalAmp (NASDAQ: CAMP)
shares shot up 21% to $19.97 after the wireless products provider reported
better-than-expected earnings for its second quarter of fiscal 2015.
