Markets Could Remain in Tight Range Ahead of Inevitable Pull back - Small Cap Stock Focus: Groupon, Green Innovations, SwingPlane Ventures, AMR Corp, Auto Info
LONDON, March 4, 2013 /PRNewswire/ --
The markets capped a week of volatility with downside trading in on Wall Street today. Leading analysts have been saying for some time that the lack of volatility will inevitably push us into a pull back in these markets. The only question seems to remain by how much as reports vary from a small 5 pcnt pull back, up to a 20 pcnt correction.
Shares in Groupon (NASDAQ: GRPN) were trading higher on the street this morning after being lower in Fridays action. GRPN shares were up by 2pcnt on $50 million in early trading in what looks like a heavily traded day ahead for the stock.
Swingplane Ventures traded to the upside this morning in a small recovery in shares. Shares in Swingplane have dropped from around $1.00 to the current price of 0.29 cents over the last week. The stock is higher the morning by 35 pcnt on $2 million traded.
Auto Info was a new name on the small cap focus list ahead of the weeks trading on Monday. Shares in Auto Info were higher by 2 pcnt on what again looks like a heavy day of trading ahead for the stock. Auto had traded $4 million well before the halfway point.
AMR Corp was another name trading in a tight range today with shares higher by 2 pcnt. AMR corp continues to trade heavy volume ahead of the merger with US Airways but certainly has pulled back since trading over $100 million per day. In mid-morning action this morning the company had traded $3 million meaning it will most likely trade less than $10 million in Mondays session.
Green Innovations was the most heavily traded stock on the OTC markets today with shares trading almost $10 million well before midday on the street. Green Innovations is lower by around 6 pcnt after shares climbed back above $1.00 in trading to close last week.
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