Hot NASDAQ bulls: (PEIX, HAFC, ALAN, CYPB, TSTR)
Pacific Ethanol Inc (NASDAQ: PEIX) closed at $0.43 after moving up by 2.82% whereas overall traded volume stood at 1.53 million shares. Pacific Ethanol, Inc. is a marketer and producer of low carbon renewable fuels in the Western United States. It produces and sells ethanol and its co-products, including wet distillers grain and provides transportation, storage and delivery of ethanol through third-party service providers in the Western United States, primarily in California, Nevada, Arizona, Oregon, Colorado, Idaho and Washington. On May 17, 2009, five of its indirect wholly owned subsidiaries, Pacific Ethanol Holding Co. LLC, Pacific Ethanol Madera LLC, Pacific Ethanol Columbia, LLC, Pacific Ethanol Stockton, LLC and Pacific Ethanol Magic Valley, LLC, each commenced a case by filing voluntary petitions for relief under the Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware in an effort to restructure their indebtedness. In June 2010, Pacific Ethanol Inc. announced the emergence from bankruptcy of Pacific Ethanol Holding Co. LLC (PEH) and its four wholly owned subsidiaries.
Hanmi Financial Corp (NASDAQ: HAFC) went up by 3.25% and closed at $1.27with total traded volume of 1.51 million shares in the last trading day. Hanmi Financial Corporation (Hanmi Financial) is a holding company for Hanmi Bank (the Bank). The Bank is a community bank conducting general business banking, with its primary market encompassing the Korean-American community, and other communities in the multi-ethnic populations of Los Angeles County, Orange County, San Bernardino County, San Diego County, the San Francisco Bay area, and the Silicon Valley area in Santa Clara County. The Bank provides its banking services through its branch network to a variety of small- to medium-sized businesses.
Alanco Technologies, Inc. (NASDAQ: ALAN) closed at $0.21 after gaining by 4.48% whereas overall traded volume stood at 1.41 million shares for the day. Alanco Technologies, Inc. (Alanco) is a provider of advanced information technology solutions. The Company operates in two segments: Radio Frequency Identification (RFID) Technology, which is engaged in incorporating design, production, marketing and distribution of RFID tracking technology, and Wireless Asset Management, which is engaged in incorporating the design, production, marketing, distribution and monitoring of wireless asset management products, primarily for the transportation industry. During the fiscal year ended June 30, 2009, the Company discontinued its Data Storage segment. In March 2010, the Company announced the sale of its data storage subsidiary, Excel Meridian Data, Inc.
Cypress Bioscience, Inc. (NASDAQ: CYPB) reported the gain of 2.33% to close at $3.52 with total traded volume of 1.33 million shares in the last trading session. Cypress Bioscience, Inc. provides therapeutics and personalized medicine services, facilitating improved and individualized patient care. The Company focuses on addressing the evolving needs of specialist physicians and their patients by identifying unmet medical needs in the areas of pain, rheumatology, and physical medicine and rehabilitation, including challenging disorders, such as fibromyalgia and rheumatoid arthritis. In January 2009, the Company received approval from the United States Food and Drug Administration (FDA) to market Savella (milnacipran HCl) for the management of fibromyalgia (FM).
TerreStar Corporation (NASDAQ: TSTR) closed at $0.73 after increasing by 0.47% whereas traded volume stood at 1.32 million shares. TerreStar Corporation is in the mobile communications business through its ownership of TerreStar Networks Inc. (TerreStar Networks), its principal operating subsidiary, and TerreStar Global Ltd. (TerreStar Global). TerreStar Networks, in cooperation with its Canadian partner, 4491165 Canada Inc, a majority owned subsidiary of Trio 2 General Partnership (Trio), seeks to launch an wireless communications system to provide mobile coverage throughout the United States and Canada using integrated satellite-terrestrial smartphones.