Posts for Ticker ‘SPSN’

Can SanDisk Win As Spansion Goes Bankrupt? (SNDK, SPSN, AMD)

burning-money-pic2Spansion Inc. (NASDAQ: SPSN) is toast.  At least that is the case for shareholders.  The maker and designer of flash memory chips has filed for Chapter 11 bankruptcy protection.  Spansion was not the largest player in the sector, but you have to wonder if competitors like SanDisk Corp. (NASDAQ: SNDK) and others could actually come out ahead while Spansion is suffering through bankruptcy.
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Posted on: March 2, 2009 – 10:48 am in Semiconductor, Turnarounds, , ,

NASDAQ Offers Life To Hundreds of Stocks (NDAQ, CHTR, FNSR, LVLT, OPWV, PEIX, PWAV, PWAV, RFMD, SANM, SIRI, SPSN)

Money_stack_pic_4Nasdaq_logoThe NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) is making it easier for the army of relatively new penny stocks to maintain their listings on NASDAQ.  The exchange filed with the SEC to extend its suspension of the rules requiring a minimum $1.00 bid price and its minimum market value of publicly held shares.  This was initially set to expire in January, but the terms will now be extended until Monday, April 20, 2009.  With as many stocks that have violated that $1.00 mark in recent weeks and months, this is hardly a surprise and it would even go against the exchange’s own interests to boot this many stocks off the exchange.

We ran a screen for NASDAQ stocks with active trading volume, share prices under $1.00, and those which have traded over $1.00 in the last 52-weeks.  Some of the most usual suspects here are as follows:

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Posted on: December 19, 2008 – 10:26 am in Cult Stock, Exchange News, Small Cap Stocks, Trading Alert, , , , , , , , , , ,

The 52-Week Low Club 9/25/2008 (PPC)(TDC)(ORCL)(APD)(SPSN)

Sad_clownPilgrim’s Pride (PPC) Company says it has liquidity issues. Sometimes that means Chapter 11.  The stock drops to $3.26 from 52-week high of $35.98.

Teradata Corp (TDC) is facing competition from Oracle (ORCL). It drops to $19.50 from 52-week high of $30.08.

Air Products and Chemicals (APD) lowers forecasts and is downgraded by Citi. Shares fall to $70.17 from 52-week high of $106.06.

Spansion (SPSN) gets a broker downgrade. It sells down to $1.65 from 52-week high of $8.68.

Douglas A. McIntyre

Posted on: September 25, 2008 – 2:51 pm in HI/LOW, , , , ,

The 52-Week Low Club

W Holding (WHI) Listing issues. Recently came out of SEC investigation. Drops to $.75 from 52-week high of $6.70.

Phillips-Van Heusen (PVH) Weak earning outlook. Down to $36.65 from 52-week high of $82.19.

AMD (AMD) Just keeps sliding. Drops to $9.22 from 52-week high of $23.

Spansion (SPSN) No recent news. Down to $4.44 from 52-week high of $15.10.

Epicept (EPCT) Prices new stock offering. Falls to $1.25 from 52-week high of $4.89.

Douglas A. McIntyre

Posted on: December 4, 2007 – 4:27 pm in HI/LOW, , , , ,