LONDON, March 15, 2013 /PRNewswire/ --
Shares in Apple (AAPL) were indicating a higher open for the first time in about 2 weeks this morning in pre-market trading. Apple Inc has been under immense trading pressure with shares almost being cut in half over the last 6 months in trading. Samsung just launched their latest offering to compete against the iPhone 5, which is basically a comparable phone at half the cost.
The Dow Jones Futures were indicating a higher open ahead of the bell on Wall Street. We did pause for breath in yesterday's trading but looks like getting back to the upside once more going into Fridays session. This comes after a 7 day rally that has left these markets at all-time highs across the board. Global markets have been following suit even with the economic pressures on them, especially in Europe.
Fannie Mae was the heaviest traded stock in the OTC Markets in Thursdays trading; we started reporting there was an increase in volume back on Tuesday with the stock trading 4 times its average daily. Fannie Mae closed yesterday's trading by 15% on very heavily traded $72 million which was higher than that of AMR Corp on the trading day.
AMR Corp was also trading very heavily but around half the volume of the previous day in the markets. Shares of AMR Corp closed yesterday at $4.15 per share, this merger with US Airways has given out more gains than expected to shareholders. We have been reporting on AMR Corp since it was trading at 0.60 cents per share. For a company in bankruptcy to return over 700% just goes to show you that headline news don't always win the day. Stay tuned or sign up at our website to receive more companies like this. http://www.clubpennystock.com
Green Innovations closed the day flat which is fairly impressive considering the stock has climbed around 300% over the last ten days trading. It remains to be seen if yesterday's trading was a blip on the screen or if this is signaling another slide in shares. Green Innovations has experienced two big runs higher recently and also one big slide to the downside, we will stay on top of the name to see if it can continue to trade north of $2.00 or if it looks like pulling back to the $1.50 level.
Eastman Kodak was another previous bigger name back in the news after trading higher in Thursday's session. Eastman Kodak traded higher by more than 10% in Thursday's session on over $6 million traded which is substantial for this name on the OTC market. We will continue to track the stock to see if this is a start of a big move similar to what we have seen in the recovery of AMR Corp shares.
RXI Pharmaceuticals was a new name on the volume watch list to close the week. Shares of RXI Pharmaceuticals closed higher on Friday by 15% on heavy volume for the stock. Can shares follow through for traders on Friday and look to start the day strong is the question on some investors' minds?
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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 small cap 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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