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NQ Mobile Inc. (NYSE: NQ) closed down 17.22 percent on nearly 36 million shares traded on Monday. The stock already lost 60% last week and continued to drop yesterday after allegations surfaced saying the company has announced false partnerships. Last week short-seller Muddy Waters issued an 80-page report accusing the Chinese mobile Internet services company of fraud.
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ScripsAmerica, Inc. (OTCBB: SCRC) shares closed up 21.74 percent on Monday with about 3.6 million shares traded. The stock traded in between 0.25 - 0.42 yesterday. The Company announced that the Company's due diligence team will travel to China in November to begin formal RapiMed(R) distribution negotiations in preparation for a product launch into the Chinese OTC market, valued at over $32 billion.
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Apple Inc. (NASDAQ: AAPL) shares modestly closed in the green on Monday with a little less than 20 million shares traded. The Company traded in between 523.21 - 531.00 a share. Apple Inc's profit and margins slid despite selling 33.8 million iPhones in its September quarter. Apple's earnings have declined for a 3rd straight quarter.
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