Small
cap stocks making big moves on Friday, June 13, 2014 (as of 4 pm EST)
Express, Inc. (NASDAQ: EXPR)
shares shot up 21% to $16.45 on volume of more than 12.1 million shares Friday
after the specialty apparel and accessories retailer said it has received a
letter from Sycamore Partners, which owns approximately 9.9% of Express’
outstanding shares, indicating that Sycamore Partners is interested in
acquiring the company.
As well,
shares of Finisar (NASDAQ: FNSR)
sank 22% to $19.71 on more than 32.8 million shares traded as the provider of
subsystems and components for fiber optic communications reported disappointing
fourth quarter earnings and provided a profit forecast that fell short of Wall
Street expectations.
Karyopharm Therapeutics Inc. (NASDAQ: KPTI),
meanwhile, announced positive initial Phase 1 data from patients with multiple
myeloma treated with Karyopharm’s lead selective inhibitor of nuclear export
(SINE), Selinexor (KPT-330), in combination with “low-dose” (20 mg
twice weekly) dexamethasone. Karyopharm stock soared 94% to $47.12.
Finally,
InterCloud Systems, Inc. (NASDAQ: ICLD)
shares climbed 13% to $6.95 after the cloud-centric solutions and services
company said it has become a VMware partner and has opened a new sales office
in New England.
