Biocept, Inc. BIOC
BIOC continued to roll for the third straight day yesterday since we tagged the play in Monday’s extended watchlist. We witnessed a trading ramnge from 3.90-4.91, which marked an intraday move of 26% on nearly 12x its monthly average volume.
Calculated from the low of 1.71 which we observed on Monday, yesterday’s high represented an overall increase of 187% in a span of just three sessions.
Second Sight Medical Products, Inc. EYES
We added EYES into the mix in Tuesday’s report, and it too continued to trend up yesterday. The stock traded in a daily range from 11.25 to 14.75, a healthy 31% intraday run.
From our observed low of 9.55 on Tuesday, yesterday’s high was equal to a 54% session-over-session move.
RadioShack Corp. RSHCQ
We want to update our readers on RadioShack today, which despite its ongoing bankruptcy proceedings, has been a winning selection for us this year. We first jumped on it in our report published on the morning of February 9th, whereupon we witnessed a low of .1251 and on Tuesday, the stock hit .37, which comes out to a twelve-session increase of 196%
Yesterday we received word of the approval from a U.S. Bankruptcy Court judge to auction off roughly 2,000 RadioShack stores, with an initial bid of $200M having been entered by the Standard General hedge fund.
Lawyers for RadioShack claim that the company has received bids on the leases of more than 200 of the 1,100 locations slated for immediate shutdown, including interest from a unit of GameStop Corp. >> View Article
We’ll be interested to monitoring RSHCQ as events continue to unfold in coming weeks.
Yesterday’s Extended Watchlist Movers
We also had a number of plays from yesterday’s extended watchlist make notable moves:
Legend Oil & Gas, Ltd. LOGL enjoyed an early pop, running straight out of the gate from a low of .0038 to as high as .0049; good enough for a quick intraday scalp of up to 29%
BenefitFocus, Inc. BNFT produced a substantial spike for a stock trading in its price range, rising steadily from its low 32.15 to hit 37.94, a gain of 18%
SFX Entertainment, Inc. SFXE also recorded a modest intraday increase of 14% as it traded in a range from 4.36 to 4.95. It’s worth mentioning that while the CEO of SFXE is attempting to take the company private, the board has come under investigation regarding the equitability of the proposed terms of that deal. Anyone considering SFXE should make themselves fully aware of that situation as it unfolds. >>> GO TO PR
ELX, PVA, ATOS, FRO, NXTD, GOGO(Signed deal with Delta)