AMR Corp Climbs a Further 19% Friday on Merger with US Airways- Microcap Stocks the Week Ahead: Green Innovations, AMR Corp, Myrexis, Swingplane Ventures, Medical Marijuana, Inc.
LONDON, February 19, 2013 /PRNewswire/ --
Shares in AMR Corp closed by a further 19% in Fridays trading following an 83% rise the day before in trading on Wall Street as investors celebrated rare value from a chapter 11 bankruptcy proceeding. We have been following and updating you on shares of AMR Corp for over 2 months now as the stock has risen around 400% in value from the lows. The stock was the heaviest traded name on the OTCQB last week trading almost half a billion dollars in a huge week for the company making the largest airline in the world.
It really goes to show that if you do your research there are substantial profits to be made trading over the counter stocks and in the case of AMR Corp even a company in bankruptcy has ended up becoming a positive winner for many traders.
Green Innovations was the second most active stock last week in the OTC markets and closed the week at $2.75 after an outstanding run to new highs this last week. Going into trading on Wall Street today Green Innovations is coming off the back of a 22% gain on over $21 million traded. This is well over ten times the volume form where we first started covering this name and the stock has basically quadrupled from our first write up.
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Swingplane Ventures was higher in every session on the street last week apart from one trading day where it was off by 1%. To close the week shares of Swinplane Ventures were higher by 12% to close at new highs and traded volume of almost $6 million. There will be much anticipation surrounding the stock this week as it looks to break new highs on increased volume.
Myrexis was a new name featured in the small cap focus list this week after shares traded flat to close the week at $2.95 per share. The company was one of the top volume stocks on the OTC trading over $7 million and was higher in the day before pulling back.
Medical Marijuana was one of the heaviest traded stocks on the pink sheets market last week and the shares closed in negative territory going into this week's trading with much publicity surrounding the company. Medical Marijuana was lower by 22% in Fridays trading on a heavy day for the stock trading north of $20 million on the pinks.
Regardless of what's going on in the mainstream we will always keep you updated and look to be value added. We hope you have enjoyed our coverage; we will be back to you tomorrow with our daily look at the OTC markets.
We track the volume and keep in touch with any increasing trends to the upside or downside. We also cover the top stocks on the OTCQB, OTCQX, and the Pink Sheet markets.
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