Small
cap stocks making big moves on Wednesday, May 7, 2014 (as of 4 pm EST)
Quantum Fuel Systems Technologies
Worldwide, Inc. (NASDAQ: QTWW)
shares climbed 20% to $3.64 on volume of more than 15.4 million shares Wednesday
after the provider of natural gas storage systems announced its intention to
service the heavy duty OEM market segment, in addition to other market
segments.
As well,
shares of Corcept Therapeutics
Incorporated (NASDAQ: CORT)
plunged 51% to $1.99 on more than 4.5 million shares traded as the pharmaceutical
company said it would stop a late-stage trial of its drug for depression after
an interim analysis suggested the study was unlikely to be successful.
Global Cash Access Holdings, Inc. (NYSE: GCA),
meanwhile, reported first-quarter 2014 EPS that beat the analyst consensus
estimate by a penny and provided full year EPS guidance that surpassed the Wall
Street forecast. Global Cash Access stock moved up 21% to $7.94.
Finally,
Oclaro, Inc. (NASDAQ: OCLR)
shares sank 34% to $1.77 after the provider of optical communications solutions
announced that its third-quarter results “did not meet our expectations” as
revenue for the period fell to $95.4 million from $102.9 million.
