July 30, 2013
Stereotaxis(STXS) received FDA approval for its Vdrive and V-Sono systems, sending the stock up over 250%. The Vdrive line of products have been utilized in Europe since 2011, aiding greatly in the performance of heart surgeries and the field of cardiology. Sterotaxis Board Chairman Mills has stated, "More than 68,000 ICE catheters are used in U.S. EP labs each year." This number is growing at a rate of 15%, which represents great growth potential for this company that specializes in their production. On a volume of 14 million shares, it is the largest gainer on the Nasdaq today.
Apple(AAPL) gained 1.5% during market hours on hopes of the release of its new iPhone 5C. The tech giant previously relied on growth through a rapid release of products, but has fallen short over the last few months. Earlier today, Amazon began taking preorders for iPhone 5C cases. This further confirms rumors of the lower tiered iPhone. If the rumors are true, this new device would be cheaper than the current iPhone 5 and would access a larger variety of customers. It would help Apple expand its presence in developing countries and provide more room for growth.
Herbalife(HLF) gained 10% during early trading hours, but shed that amount and fell into negative territory by the end of the market session. The $6 billion maker of nutritional supplements topped earnings expectations for the 18th time in a row yesterday, causing the stock to skyrocket during after market hours. It started off the day by adding to those gains, but sank on questions posed by billionaire investor Bill Ackman. Ackman questioned the values disclosed in its report and the lacking presence of its new auditor. HLF has been the subject of extreme volatility in recent quarters as Ackman and rival investor Ichan debate over its future.
Facebook(FB) rose 6.5% as it neared its IPO price of $38. The online social media giant announced that it plans on partnering with game developers to promote online and mobile gaming through the development of new titles. In addition, the company plans on releasing TV style adds on its site which will each sell for a whopping $2.5 million. This would allow it to better cash-in on its hundreds-of-millions of active users, and greatly increase its revenue.
Sources:
Yahoo! Finance
Associated Press
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