Futures Indicating Higher Open on Unemployment Numbers - Weekly Review - World Moto Inc, Amarantus Biosciences
NEW YORK, January 4, 2013 /PRNewswire/ --
The stock markets in the US are indicating a higher open today as unemployment numbers came in about in line with what was expected. World Moto (OTC: FARE) traded heavy volume once again on Wall Street yesterday and continues to receive much attention in the OTC markets. FARE traded north of $7 million in trading and was higher by 18% on the day, just after announcing its new product and business plan for e-commerce. This meant that FARE closed at a new high in trading on heavy volume for the stock.
Cisco Systems (NASDAQ: CSCO) was higher again in trading on the NASDAQ yesterday. Shares of CSCO are now right around the 52 week high level and traders are wondering whether the stock can get through the $21.00 per share level before the end of the year. Many technical analysts believe if it can trade through a new 52 week high on heavy volume we could see the stock move up another 10%.
Amarantus Biosciences (OTC: AMBS) pulled back in yesterday's trading after a solid week of price performance for the stock. AMBS was lower by 13% on a heavily traded $6 million in Thursday's trading session. We will follow AMBS to see if the stock can finish the week in green territory.
AMR Corp (OTC: AAMRQ) has traded heavily all week; however the volume did come down in yesterday's trading by around 50%. AAMRQ traded $1.6 million and was lower by 2.6% on the trading day.
EMC Corporation (NYSE: EMC) was one of the most active stocks on the NYSE in trading on Thursday but unlike CSCO was lower on the day. There is a question on whether EMC and NTAP can co-exist, and with some of the bigger computer makers trying to get into the storage space the question remains. Are we going into storage wars for the remainder of 2013?
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