Dell Deal On The Table, Announcement Expected Today - Small Cap Stock Review: Dell, Inc. Cannabis Science, Growlife, Inc. Echo Automotive, Swingplane Ventures
LONDON, February 5, 2013 /PRNewswire/ --
Shares of Dell Computer were trading heavily in the markets in yesterday's trading and look like doing the same again today based on speculation that a deal will be announced today which will take the company private. The value of the deal is rumored to be in the region of $24 billion and values shares of Dell at approximately $13.50 - $13.75 per share. The company is expected to take a vote on this in a meeting today.
Growlife, Inc. (OTC: PHOT) came straight on to the volume focus list with a significantly higher than normal volume day and strong price performance alongside. PHOT was one of the heaviest traded stocks over the counter yesterday with almost $5 million traded and a stock which closed up by 42% on the trading day
Cannabis Science (OTC: CBIS) continued its run higher in Mondays trading session with the stock climbing another 34% on strong buying in the OTC markets. CBIS traded almost $5 million in a day where it was one of the more heavily traded stocks on the OTCQB.
Echo Automotive (OTC: ECAU) followed up on Mondays green day with another in yesterdays close on Wall Street. Shares of Echo Automotive were higher by 11.6% on $4 million exchanging hands. The volume is certainly lower than what we saw at the highs last week; however the stock's performance has been higher in the double digits over the last 2 sessions so we will continue to track the company based on volume and performance.
Swingplane Ventures (OTC: SWVI) managed it once more to start off this trading week with shares slightly higher on the close by 1.5%. The volume on SWVI had certainly moved a little lower but was still over $3 million overall.
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