Optical Cable Corporation SPIKES 45% with 4 Super Hot Stocks
Optical Cable Corporation (NASDAQ:OCC): According to ITG, May 2012’s US trading volume totaled 4.3B shares and an average daily volume, ADV, of 197M shares. This can be compared to April 2012’s trading volume of 3.5B shares and an ADV of 176M shares, as well as 4.3B shares and an ADV of 199M shares in May. There were 22 May trading days, 20 April trading days, and 21 May 2011 trading days. Shares of Optical Cable Corporation are trading 45.21% higher today.
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China TransInfo Technology Corp. (NASDAQ:CTFO): China TransInfo Technology, through affiliate China TransInfo Technology Group Co., has entered into a merger with TransCloud Co. Ltd in which Merger Sub will merge with the company, which will continue as the surviving corporation as well as fully owned subsidiary of Parent. All shares of the company’s common stock issued and outstanding just prior to the occurrence of the Merger will have the right to receive $5.80 in cash without interest. This excludes shares held by the company as treasury stock and stock either owned directly or indirectly by Parent, merger sub or of the company’s wholly owned subsidiaries.
Molina Healthcare, Inc.(NYSE:MOH): As a result of Ohio’s reversed decision, Medicaid contracts have been recommended, and Jefferies believes shars of Molina Healthcare and Centene (NYSE:CNC) will gap higher. After Ohio announced the original contract winners in April, both stocks traded down a significant amount. Jefferies labels Aetna’s (NYSE:AET) Ohio contract lost as surprising because it scored highest of all initial winners, but the firm believes that the state may have detected an issue with the submission. However, since the award only added approximately 1% to the company’s earnings, the stocks will be muted.
The Cooper Companies, Inc. (NYSE:COO): According to Baird, the headlines about Cooper’s earnings miss does not change that the outlook appears the same and fundamentals seem healthy. The firm says that the company’s only weakness would be a buying opportunity. The shares continue to have an Outperform rating with a $92 price target. Shares of The Cooper Companies, Inc. are trading 3.81% lower today.
Navistar International Corp (NYSE:NAV): An SEC filing shows that Car Icahn has raised his stake in Navistar International from 9.99% to 11.87%. The investor made purchases yesterday despite Navistar’s 28% loss on share price. Also, following lower than expected Q2 results, UBS lowered its price target also citing lowered guidance, weak seasonality, and demand issues due to truckers waiting for the company to gain EPA emission certification. Shares remain Buy rated. Shares of Navistar International Corp are trading 8.05% higher today.
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