Wall Street Moves Lower as Apple Shares Weigh Heavy On the NASDAQ - Volume Advancers: AMR Corp, Urban Barns Food, Bio-Matrix Scientific Group
LONDON, January 14, 2013 /PRNewswire/ --
Shares of Apple (AAPL) weighed heavy on the NASDAQ in early trading today on Wall Street as the technology firm slashed its production of the iPhone 5. The stock traded below $500 per share for the first time in almost a year as investors wondered if we are seeing the end of the dominance in this stock.
AMR Corp (OTC: AAMRQ) continued once more to trade higher and remained the heaviest traded stock on the OTC market. Shares of AMR Corp have traded up from 0.80 cents to $1.60 over the last week and we have covered the story every day. The volume was over $50 million on Friday as investors see more value in the shares. AAMRQ has already traded $15 million in early trading today.
Urban Barns Food (OTC: URBF) was trading higher by 69% in early trading on the OTC markets on Monday. The stock is now trading north of 0.10 cents per share and has traded 600k so far in trading.
Bio-Matrix Scientific Group (OTC: BMSN) was another stock being heavily traded on the OTCQB market today. Shares of BMSN were higher by 39% on over 500k traded. BMSN was higher in the first hour of trading and seems to be pulling back going into mid-morning trading.
Coroware Inc. (OTC COWI) was a new name we have not seen on the volume focus list before. Shares of COWI were trading higher by an amazing 245% in early trading on Monday; we will keep an eye on the name to see if it can sustain this price action. The volume was around 500k at the time of writing.
Amarantus Biosciences (OTC: AMBS) shares were holding steady this morning after a big move in the stock on Friday last week. Shares had traded around $1 million at the time of writing and the stock was trading relatively flat on the OTCQB market.
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