Small cap
stocks making big moves on Thursday, February 5, 2015 (as of 4 pm EST), as
reported by Hassan Malik, SmallCapPower.com
Glu Mobile, Inc. (NASDAQ: GLUU)
shares powered 31% higher to $5.02 on Thursday after the mobile gaming company reported
that it is signing pop singer Katy Perry to an exclusive partnership. The
five-year agreement with Perry, who headlined the recent Super Bowl halftime
show, is exclusive for mobile games. The first game will come in late fall,
executives said on a conference call with analysts.
As well,
shares of Conn’s Inc. (NASDAQ: CONN)
shot up 24% to $20.72 after the furniture and consumer electronics seller, and
provider of consumer credit reported that retail net sales jumped 16.8% to
$93.6 million last month. Average selling prices were up for consumer
electronics, offsetting some declines in home office. Television comps rose
3.1% and Conn’s continued to see strong sales in gaming. But tablet comps fell
46.5%. Conn’s said “it hasn’t see any noticeable declines in sales as oil
prices have fallen and has seen above-average same-store sales performance in
the Houston market.”
Clearwater Paper Corporation (NYSE: CLW)
stock, meanwhile, sank 19% to $60.02 after the pulp and paper manufacturer was
downgraded by research analysts at RBC Capital from an “outperform” rating to a
“sector perform” rating in a report released on Thursday. Shares opened at $73.76
on Thursday. Clearwater Paper Corp. has a one-year low of $59.07 and a one-year
high of $75.69. The stock’s 50-Day Moving Average is $71.61 and its 200-Day Moving
Average is $67.88.
