Small cap
stocks making big moves on Tuesday, December 02, 2014 (as of 4 pm EST), as
reported by Hassan Malik, SmallCapPower.com
MOL Global, Inc. (NASDAQ: MOLG)
shares shot up 116% to $3.65 after the largest shareholder of the company, Vincent
Tan, reported that he has full confidence in the company. Tan stated that he is
confident about the management of the company and has urged it to continue
executing the company’s business plans. Tan also supported the board’s decision
to implement a share buyback plan, suggesting that the stock is undervalued.
As well,
shares of digital mounted camera producer, Digital
Ally Inc. (NASDAQ: DGLY)
surged 45% to $18.69 after President Obama announced a $263 million federal
funding package dedicated to buying police officers 50,000 body cameras and
training them in the use of paramilitary equipment following the events in
Ferguson, MO.
NTELOS Holdings Corp. (NASDAQ: NTLS)
stock, meanwhile, sank 45% to $4.46 after the cell phone company announced that
it will leave the increasingly competitive eastern Virginia market, including
Hampton Roads and Richmond, in order to expand towards the western half of
Virginia state. Ntelos entered an agreement to sell its wireless spectrum
licenses in Hampton Roads and Richmond to T-Mobile for about $56 million in
cash, according to a news release.
