LONDON, January 10, 2013 /PRNewswire/ --
Wednesday OTC Stocks Review: AMR Corp, Vumee, and Herbalife.
A day after we saw positive earnings from Alcoa (NYSE: AA) which sent the US markets higher across the board we are seeing more positive reports and guidance coming from companies due to report 4th quarter earnings.
Vumee Inc. (OTC: VUME) was one of the trading stories of the day yesterday due to big volume and price appreciation. VUME was higher by more than 100% and traded north of $7 million on the day. News regarding Ray Lewis's addition to the marketing team could have an effect in trading of the shares in today's session.
AMR Corp (OTC: AAMRQ) which has been trading strong volume for a while now and has been covered by our site for a number of weeks was the top traded stock on the OTC market today. Shares of AAMRQ traded higher by 42% on a massive $64 million in volume. TO give you some idea that's more than 10 times the normal daily volume for the stock.
World Moto, Inc. (OTC: FARE) finally pulled back in trading yesterday on Wall Street with shares down 19% on over $10 million traded. FARE has had quite an amazing run over the last 2 weeks and yesterdays end result was the first day we have seen shares down double digits.
Herbalife (NYSE: HLF) received much news coverage today with Bill Ackman coming out with a negative report on the company, basically saying that shares of the company will be going to zero. His opinion is that shares of HLF are part of a pyramid scheme; we will be following to see the outcome of this breaking news.
Fannie Mae (OTC: FNMAS) was also back in the news yesterday with shares trading very heavy volume, over $25 million. Price action was limited and the stock was higher by 2% with an awful lot of shares exchanging hands.
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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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