Seeking Alpha

World Market Media's  Instablog

World Market Media
Send Message
GLX - The Global Listing Exchange is a social finance portal to the world’s capital markets. GLX organizes all of the necessary fundamental information and bridges the world’s investment communities giving every member the power to connect, transact and profit.
My company:
World Market Media
My blog:
Straight Talk On SmallCap
  • Nasdaq Small-Cap Market Movers (GYRO, BCAR, WBNK, CBK) Up More Than 16% 0 comments
    Jul 1, 2010 3:15 PM | about stocks: GYRO, CBK
    GyroDyne Co. of America, Inc. (NASDAQ: GYRO) $61M (MarketCap) is currently trading up $25.75, or 55% at $72.25 a share on nine times the average volume. The heavy trading comes after yesterday’s announcement that the New York based real estate investment trust (REIT) had been awarded a $99M payment judgment from the State for land appropriation in 2005. The payment is also subject to back-dated interest payments not to exceed 9%.

    Bank of the Carolinas Corp. (NASDAQ: BCAR) $14M (MarketCap) is currently trading up $.46, or 13% at $3.93 a share on low volume. There is no news to report and the company’s stock has been sliding since May of 2010 in a technical downward channel and a $.52 spread between the bid and ask.

    Maccamaw Bancshares Inc. (NASDAQ: WBNK) $8M (MarketCap) is currently trading up $.11 or 7% at $1.64 on light volume. The move comes with no particular news; a week and half ago the company released press they have commenced a rights offering of about 8.3M shares of common stock to shareholders priced at $1.25.

    Pinnacle Airlines Corp. (NASDAQ: PNCL) $101M (MarketCap) is currently trading up $.43 or 8% at $5.87 a share on a third of the volume. The move comes on news the company has sold two of its manufactured regional carriers to operate as Delta Connection for $82.5M. Pinnacle is one of the largest of Delta’s nine regional carriers. The deal is expected to streamline Delta’s regional operations and save money.

    Disclosure: no positions
Back To World Market Media's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


More »

Latest Comments

Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.