Tag - IDSY

Follow the money trail and usually you’ll find the answer to your investment questions. Last week the broad sectors of the market saw negative money flows led by the basic materials and utilities sectors, according to a market intelligence report out today by Susquehanna Financial.

According to the investment bank, the basic materials sector’s sell off was driven by money outflows from the iron/steel and mining subgroups. Within the utilities sector, electric and gas were the weakest subgroups.

Mortgage insurers were also very active last week, due to overwhelming purchases of puts across the industry group, according to the bank.

On a stock specific level, Susquehanna saw that BioLase Technology (Nasdaq: BLTI) had the greatest negative money flow last week. The other top five negative money flows were seen in Interstate Hotels & Resorts (NYSE: IHR), Rentrak Corp. (Nasdaq: RENT), Pegasystems Inc. (Nasdaq: PEGA) and Lenox Group (NYSE: LNX).

On the flipside, Harte-Hanks (NYSE: HHS) saw the greatest positive money flow last week, according to Susquehanna. Other top five positive money flows the bank observed were in Jos. A. Bank Clothiers (Nasdaq: JOS), BioCryst Pharmaceuticals (Nasdaq: BCR), Hilltop Holdings (NYSE: HTH) and I.D. Systems (Nasdaq: IDSY).

As investors seek safety from an unrelenting weakening market, gold has continued to experience strong money inflows over the past weeks, according to Susquehanna.  With gold prices continually flirting with the $900 level, the bank has seen call buying across both gold equities and sector-based products.

The overall trend continues to remain volatile across most sectors, including consumer, energy and steel. According to Susquehanna, implied volatility levels have been generally heightened, as the market continues to tumble lower. The bank noted that the majority of the volatility selling it saw occurred close to the market open, with the order flow trailing off as the CBOE Volatility Index (VIX) eased off its highs.

Superconductor Technologies, Inc. (Nasdaq: SCON), QLT Inc. (Nasdaq: QLTI) and China Sunergy Co., Ltd. (Nasdaq: CSUN) are among the most actively traded companies in Tuesday pre-market trading among those with market capitalizations under $500 million:

Superconductor Technologies, Inc. (Nasdaq: SCON), Carolina National Corp. (Nasdaq: CNCP) and I.D. Systems, Inc. (Nasdaq: IDSY) are among the biggest percentage gainers in Monday's trading among companies with market capitalizations under $500 million.

Here are today's biggest percentage gainers:

Shares of ID Systems Inc. (Nasdaq: IDSY) are gaining ground after the seller of integrated wireless solutions for enterprise assets reported today in an SEC filing that Wal-Mart (NYSE: WMT) ordered the company’s wireless asset net industrial vehicle management system to be used in 13 additional Wal-Mart stores.

According to the filing, this order was made based on an agreement ID Systems architected with Wal-Mart last July.

The order brings the total number of Wal-Mart stores that use ID System’s Wireless Asset Net to 21.

Shares of ID Systems gained $1.88, or 18.5%, to $12.04 in mid-day trading Monday.

Momenta Pharmaceuticals, Inc. (Nasdaq: MNTA) reported the FDA’s review of its blood clotting drug M-Enoxaparin is probably going to be lengthier than previously projected.

These are the biggest percentage losers in Thursday's trading among companies with market capitalizations under $500 million:

 

The Russell 2000 and the other major indices are higher this afternoon, moments before the U.S. Federal Reserve’s decision on interest rates. At 2:08 p.m. ET the Russell 2000 had added 4.18 points, or 0.50%, to 842.64. The Dow Jones Industrial Average was up 31.62 points, or 0.24%, to 13,459.35.

Verenium Corp. (Nasdaq: VRNM) is included on the team that has won a bid from the U.S. Department of Energy for a $125 million bioenergy research center to explore new ways to produce biofuels. Verenium has been allocated a total of $4.6 million over the five-year program to discover and develop new enzymes and enzyme cocktails to break down various types of biomass, the Cambridge, Mass.-based company said before the start of trading. Shares are up $0.49, or 9%, to $5.74.

These are the biggest percentage gainers among companies with market capitalizations under $500 million: