Small
cap stocks making big moves on Friday, April 4, 2014 (as of 4 pm EST)
Aetrium Incorporated (NASDAQ: ATRM)
shares powered more than 42% higher to $6.10 on Friday after the company said
it has acquired substantially all of the assets of KBS Building Systems, which
manufactures, sells, and distributes modular housing units for both residential
and commercial use, for a total consideration of $5 million in cash, a $5.5
million six-month promissory note made by a wholly-owned subsidiary of Aetrium,
the assumption and payoff of approximately $1.4 million in debt.
As well,
shares of Halozyme Therapeutics, Inc.
(NASDAQ:
HALO) sank 27% to $8.43 on volume of more than 19.7 million shares as the
biopharmaceutical company reported that it has ordered the temporary halt of a
mid-stage clinical trial for a pancreatic cancer treatment over concerns that
patients were experiencing blocked blood vessels.
Online
food ordering service company GrubHub (NASDAQ: GRUB),
meanwhile, saw its stock pop 31% to $34 on its first day of trading Friday.
Finally,
Ocean Power Technologies, Inc. (NASDAQ: OPTT)
shares slid 20% to $3.05 after the wave-energy technology provider announced
the pricing of an underwritten public offering of 3.8 million shares of its
common stock at a price of $3.10 per share.
