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Best Buy Co., Inc. (NYSE: BBY) shares closed down 10.97 percent on Tuesday with roughly 33 million shares traded. The stock traded in a range of 38.42 and 41.11 a share yesterday. The stock had one of the highest volume advances on the NYSE. The drop came after the company announced quarterly results. Though the company's quarter was impressive to Wall Street, their fourth quarter projections were disappointing. The company's CEO essentially admitted today that its margins would take a severe blow in the fourth quarter as Best Buy gets medieval on some deals in order to win customers.
Get more information on Best Buy Co., Inc. and free access to the in-depth equity report at: www.TrendingWallStreet.com/stockquote/BBY
Elray Resources, Inc. (OTC: ELRA) shares closed up 63.71 percent on Tuesday with about 7.6 million shares traded. The stock hit a new 52-week high of $0.16 in intra-day trading. The stock had one of the highest percentage gains in the OTC market yesterday without any significant news released. Elray Resources, Inc. operates as an online gaming company.
Get more information on Elray Resources, Inc. and free access to the in-depth equity report at: www.TrendingWallStreet.com/stockquote/ELRA
Life Stem Genetics Inc. (OTCBB: LIFS) closed up 5.49 percent on Tuesday with about 1.1 million shares traded. The stock traded in a range of 1.61 - 1.73 with 1.73 becoming a new 52-week high for the stock. The Company announced yesterday’s closing of its previously announced private placement. The financing is for $1.0 million (the “Private Placement”) of 1,000,000 units (each, a “Unit”) at a price of $1 per Unit. As previously detailed, each Unit of the private placement consists of one common share of the Company and one warrant to purchase an additional common share of the Company (each, a “Warrant Share”) at $1 per Warrant Share for a period of one year. If and when all of the warrants are exercised, the Company will realize up to an additional $1.0 million in proceeds.
Get more information on Life Stem Genetics Inc. and free access to the in-depth equity report at: www.TrendingWallStreet.com/stockquote/LIFS
Crossroads Systems, Inc. (CRDS) shares closed down 25.39 percent on Tuesday and traded in between 1.35 and 1.97 a share. The stock traded a little more than 1.3 million shares yesterday and was one of the biggest percentage droppers on the NASDAQ. The company had no significant news. Crossroads Systems, Inc. provides data protection solutions and services worldwide. It develops and markets products that offer online access to data archives through tape-based archive storage solutions for businesses.
Get more information on Crossroads Systems, Inc. and free access to the in-depth equity report at: www.TrendingWallStreet.com/stockquote/CRDS
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