Small cap stocks making big moves on
Thursday, October 16, 2014 (as of 4 pm EST), as reported by Hassan Malik,
SmallCapPower.com
iBio, Inc. (NYSE
MKT: IBIO)
shares shot up 36% to $1.89 on Thursday after the pharmaceutical company
announced that it is prepared to aid the American government by offering their
intuitive line of proprietary antibody production technology that is aiding in
combatting against the current Ebola outbreak.
As well, shares of Extreme Networks Inc. (NASDAQ: EXTR)
slumped 19% to $3.06 on heavy trading volume following an ominous 2015
first-quarter earnings warnings. The network infrastructure company reported
that it expects an earnings loss between 2 cents and break-even per share for
the first quarter of 2015.
Midstates Petroleum Company, Inc. (NYSE: MPO)
stock, meanwhile, popped 18% to $2.83 a day after the company said it has
hedged 1212K
barrels/day through Q2 2015 at average price of approximately $90/bbl.
