Small cap stocks making big moves on
Wednesday, October 15, 2014 (as of 4 pm EST), as reported by Hassan Malik,
SmallCapPower.com
Penford Corporation (NASDAQ: PENX)
shares shot up a staggering 69% to $18.59 on Wednesday after the food and
industrial business entered into a voting agreement in support of a pending
merger with Ingredion Incorporated. Under the terms of this merger, Penford is
set to receive $19.00 per share in cash. In other related news, Rigrodsky &
Long, PA is investigating a claim against Penford board of directors regarding
breaches in fiduciary duties and other violations.
As well, shares of Alpha Pro Tech Ltd. (NYSE MKT:
APT) surged 14% to $8.37 on volume of more than 8 million shares. The
company, which specialized in safety masks, is surging along with other
Ebola-related stocks after the Texas Department of State Health and Services
announced that a second healthcare worker who had treated the first US Ebola
diagnosed patient, is now positive himself.
Dominion Midstream Partners, LP (NYSE: DM)
shares, meanwhile, are also up 26% to $26.41 after the natural gas company had
its IPO on Tuesday (Oct, 14) on the NYSE. The company that manages liquified
natural gas import, storage and regasification priced its IPO at $21 with 17.5
million shares.
Finally, shares of Forward Pharma A/S (NASDAQ: FWP)
slid 17% to $17.50 on its IPO today. The pharmaceutical company priced 10.5 million
shares at $21.
