Facebook Indicating Lower Open As Profit Dips - Top Volume OTC Stocks Thursday: Generex Biotechnology, Echo Automotive, Augme Technologies, Swingplane Ventures, AMR Corp
LONDON, January 31, 2013 /PRNewswire/ --
Shares in Facebook were looking to open lower on the Nasdaq this morning with shares trading pre market around 3 pcnt lower on Thursday. Investments into new developments on the site were cited as the main reason for lower profit and some reports this morning suggested that the company is not moving quick enough in now its 3rd earnings report since going public.
Echo Automotive (OTC: ECAU) has been a volume leader in the OTC market all week and was due a pullback in shares after a strong run forward. Shares in ECAU pulled back 40 pcnt on Wednesday with over $20 million exchanging hands.
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Swingplane Ventures (OTC: SWVI) had its fourth day higher in 5 trading days as the stock edged up 2 pcnt in Wednesdays session on $3.4 million traded. Any stock that was higher yesterday seemed to have a good day in an overall market that dragged.
Generex Biotechnology (OTC: GNBT) was the big price mover in yesterdays trading with the stock moving higher by 59 pcnt in the session.
Augme Technologies (OTC: AUGT) pulled back 25 pcnt on over $2 million traded in mid week trading yesterday. Shares in AUGT were down at the 0.45 cent level after falling from recent highs.
AMR Corp (OTC: AAMRQ) continued trading lower on Wall Street in Wednesdays session on Wall Street. After a good recovery run the stock is now off around 60pcnt from its highs as it approaches the $1.00 level once more.
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