Daily Trading Report - Stocks in Focus: Nokia Corporation, Eagle Bulk Shipping, Fannie Mae, CannaVest Corporation, Facebook, Inc.
LONDON, April 7, 2014 /PRNewswire/ --
Our daily trading report of small cap company's activity keeps up to date with trading volume and the latest news on the stocks that are in focus.
The markets have continued to move to the upside in the US with volatility coming back as we approach the end of the first quarter. We focus on stocks that are just below the radar giving you up to date news and trading profiles on these stocks.
Nokia Corporation (NOKBF) was one of the heaviest traded companies on the board to close trading last week after more than $23 million exchanged hands with the stock closing lower by 4.8%. This volume was around three times higher than a few weeks ago as the stock failed to get through resistance in the $7.50 range.
Eagle Bulk Shipping (EGLE) traded higher by 13% with positive news surrounding the stock and shares moving to the upside once more. The volume was also higher than average with more than 2 million shares traded on the NASDAQ. With the 52 week high of $8.75 some distance away there could be more room to the upside in this name especially given this volume pick up we are seeing.
Fannie Mae (FNMA) continued to be the highest volume stock within the small cap markets as traders continue to speculate on what the potential is for the government backed play. With recent volatility and a trade as high as $6.00 over the last month, speculators are still very much in the trade with volume still heavy on a daily basis. The overall volume is down from a few weeks ago where we saw the company trade five times its current daily total. Fannie Mae closed Friday lower by 7.6% on $93 million traded.
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CannaVest Corporation (CANV) was one of the few stocks which closed higher in a weak day for the markets to finish trading last week. CannaVest closed up by 18% on more than $3million in volume as this volatile stock picked up back up in price to the $30.00 level. To start off the week shares are higher once more in early trading on Monday by 7% with the stock looking to have another positive weeks trading.
Finally shares in Facebook, Inc. (FB) were trading close to the recent highs we have seen in the name as this stock matures into one of the busiest stocks for short term traders as well as long term investors that believe in the story. Facebook closed down slightly lower last week and its shares are off around 1% in early trading on Monday at a price of $55.95.
Disclosure: Super Stock Profits is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell securities but for informational purposes only. Investors should always conduct their own due diligence with any potential investment. Super Stock Profits is affiliated with AMG Global Advisors Ltd which is a FINRA registered company (168847). We have not been compensated by any of the companies listed in this news release.
SOURCE AMG Global Advisors Ltd