Top Closers with Big News
Trading gets pretty hectic as brokers and market makers scramble to fill their orders so close to “punch-out” time on Monday afternoons, so company press releases with positive news usually help expedite this process. The following companies closed up strong on positive news of some kind: Superconductor Technologies Inc. (Nasdaq: SCON) shares closed up an amazing 78 percent today at $5.94, gaining $2.61 on volume of more than 12.7 million shares. The company announced it is in negotiation to form a joint venture with Hunchun BaoLi Communication Co. Ltd., which manufactures push-to-talk (PTT) handsets and the associated battery technology for…