Small
cap stocks making big moves on Monday, July 28, 2014 (as of 4 pm EST)
Digital Power Corporation (NYSE MKT:
DPW) shares shot up 30% to $1.63 on volume of more than 1.7 million shares
Monday as the manufacturer of power system solutions said its wholly-owned
subsidiary has secured a $2 million order from the Republic of Korea to
provide uninterruptible power supply systems to be fitted to Military Afloat
Reach and Sustainability tankers.
As well,
shares of AcelRx Pharmaceuticals, Inc. (NASDAQ: ACRX)
sank 41% to $6.39 on more than 15.3 million shares traded after the FDA rejected
the specialty pharmaceutical company’s painkiller dispensing device Zalviso.
China Commercial Credit, Inc. (NASDAQ: CCCR),
meanwhile, reported that it has made progress toward recovering a significant
portion of the $5.4 million it paid in the first quarter of 2014 to lenders on
behalf of 11 loan guarantee service customers who had borrowed funds from these
lenders but defaulted on their loan repayments. CCCR is a microfinance company
providing financial services to small-to-medium enterprises, farmers and
individuals in Jiangsu Province, China. It stock popped 22% to $3.11 following
the announcement.
Finally,
Horizon Pharma, Inc. (NASDAQ: HZNP) shares
slid 34% to $9.15 as specialty pharmaceutical firm announced that two pharmacy
benefit managers, CVS Caremark and Express Scripts, Inc., are expect to remove
two of Horizon’s drugs from their formularies and they will be placed on their
exclusion lists effective January 1, 2015.
