U.S. home sales data came in below analysts’ expectations in September; the financial results of Microsoft, McDonald’s and Google were much worse-than-expected, heavily hitting the technology sector; U.S. stocks fell sharply on Friday with the three major indexes all dropping more 1%. Regardless of these unfavorable factors, these names performed strongly.
Stock price of Elephant Talk Communications Corp. (ETAK) surged 15.57%, or $0.19 to $1.41, leading the top stocks on Tursday. ETAK traded 91,909 shares, less than the average daily trading volume of 142,205 shares. The company’s subsidiary, ValidSoft announced its CEO, Pat Carroll, will speak at Money2020 which focuses on how niche innovations are collectively shaping the new reality of money, in Las Vegas on October 22. ETAK stock crossed its 50-day moving average of $1.31 today, but still 25% lower than the 200-day moving average of $1.88. The company has a market cap of $161,27 million.
Gulf Resources, Inc. (GURE) is engaged in manufacturing and trading of bromine, crude salt and chemical products for the oil and gas industry. GURE shares spiked up 13.33%, or $0.16, to $1.36, on a volume of 1.49 million shares, well above the average daily volume of 94,256 shares. Gulf Resources has a market cap of $47.25 million. GURE stock crossed its 50-day moving average on Tursday and is standing 18.26% above the 50-day moving average of $1.14 but still 23.16% below the 200-day moving average of $1.77.
Stock price of magicJack VocalTec Ltd (CALL), a provider of voice-over-Internet-Protocol (VoIP), the softphone (magicJack PC) and the magicJack products, soared 12.56%, or $2.57, to $23.03, after the company reported its fiscal 2012 third quarter revenue and income recorded new highs even after various special charges. CALL stock traded 1.64 million shares, much more than the average daily volume of 348,904 shares. The current CALL stock price is 3.28% below the 50-day moving average of $23.81 and 10.19% above the 200-day moving average of $20.9. The company currently has a market cap of $447.33 million.
US Concrete Inc (USCR) is a producer of ready-mixed concrete, precast concrete products and concrete-related products. USCR shares bubbled 11.86%, or $0.79, to $7.45, after its wholly owned subsidiary, Central Concrete Supply Co., Inc., announced an agreement to buy Bode Gravel Co and Bode Concrete LLC. The intraday volume was 32,358 shares, double the average daily trading volume of 15,822 shares. USCR crossed above the 50-day moving average on Wednesday and is currently standing 17.69% above the 50-day moving average of $6.33 and 45.22% higher than the 200-day moving average of $5.13. US Concrete has a market cap of $99.79 million.
Riverbed Technology, Inc. (RVBD), appeared in the list of top stocks on Friday, primarily provides solutions to the fundamental problems associated with information technology (IT) performance across wide area networks (WANs). RVBD stock price jumped 11.47%, or $2.37, to $23.06 after the network equipment maker published its its quarterly earnings report that well topped the consensus estimates. RVBD stock traded 17.16 million shares, much more than the average daily trading volume of 3.84 million shares. The stock gapped higher above the 50-day and 200-day moving averages today, which are settling at $21.45 and $21.89, respectively. Riverbed Technology currently has a market cap of $3.56 billion.