Local Corp (NASDAQ:LOCM) Files for Bankruptcy, To Be Delisted On Monday

Local Corp stock has been trending downward for a long while but has been setting new lows since filing for bankruptcy last week on June 23rd. The stock set a 52 week low of 3 cents this week, but has been trading slightly higher since this point, including a sizeable 45% increase this morning to the 9 cent range.

Today will be the last active trading day for Local Corp (NASDAQ:LOCM) on the NASDAQ exchange, as NASDAQ will be delisting the company at the start of business on July 6th, that day falling on the next active trading day (Monday). The company has reporting 100 million revenue range numbers for some years, but cash flow problems apparently meant the company could not make ends meet and thus the filing. Details are contained within the form 8K which is available via Edgar Online here. It will be interesting to see if the company is able to return to the NASDAQ after it completes reorganization, or if it is instead dissolved and/or acquired by others. The company appears to own some strong assets, not the least of which is the local.com domain name and content, so it would be a shame if these assets are no longer put to good use.

Local is a technology and advertising company which provides search results to consumers who search online for local businesses, products, and services. The company offers various local search advertising products and services comprising Local.com, a Website and app, which reaches approximately 20 million monthly unique visitors (MUVs); hosted network, a database of local business and product listings along with ad feeds, which consists of approximately 1,000 partner Websites and reaches approximately 5 million MUVs; syndication network, an ad feed solution; and display and pre-roll video networks that provide advertisers with additional reach and exposure for brands through distribution of customized display and pre-roll ads. It also provides pay-per-click (PPC), pay-per-call, and display ad units through its search results; and photographs, user ratings and reviews, video, coupons, hours of operations, and others to users of its Websites and network partner Websites, as well as third party partners.

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Hot Stocks: Can-Fite BioPharma (NYSEMKT:CANF), salesforce.com (NYSE:CRM), Premier Financial Bancorp Inc. (NASDAQ:PFBI), NTN Buzztime Inc. (NYSEMKT:NTN), Misonix Inc. (NASDAQ:MSON)

Wainwright initiated coverage on shares of Can-Fite BioPharma Ltd. (NYSEMKT:CANF) in a research report released on Tuesday morning. The firm issued a buy rating and a $7.00 price objective on the stock. Can-Fite BioPharma Ltd. (NYSEMKT:CANF) in last trading activity moved up 4.71% to close at $4.00. Company weekly performance is 59.36% while its quarterly performance stands at 3.09%. Can-Fite BioPharma Ltd. (NYSEMKT:CANF) is -57.72% away from its 52 week high.

salesforce.com, inc. (NYSE:CRM) announced its earnings results on Wednesday. The company reported $0.14 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.13 by $0.01. The company had revenue of $1.38 million for the quarter, compared to the consensus estimate of $1.37 billion. During the same quarter in the prior year, the company posted $0.09 earnings per share. The company’s quarterly revenue was down 99.9% on a year-over-year basis. salesforce.com, inc. updated its Q4 guidance to $0.13-0.14 EPS. On last trading day salesforce.com, inc. (NYSE:CRM) decreased -4.46% to close at $58.30. Its volatility for the week is 2.63% while volatility for the month is 2.43%. CRM’s sales growth for past 5 years was 30.50% and its EPS growth for past 5 years was -44.70%. salesforce.com, inc. (NYSE:CRM) monthly performance is 3.64%.

Premier Financial Bancorp Inc. (NASDAQ:PFBI) declared a quarterly dividend. Investors of record on Monday, December 15th will be given a dividend of 0.13 per share on Wednesday, December 31st. This represents a $0.52 dividend on an annualized basis and a yield of 3.34%. On last trading day Premier Financial Bancorp Inc. (NASDAQ:PFBI) decreased -0.51% to close at $15.61. Its volatility for the week is 1.19% while volatility for the month is 2.52%. PFBI’s sales growth for past 5 years was 5.10% and its EPS growth for past 5 years was 3.60%. Premier Financial Bancorp Inc. (NASDAQ:PFBI) monthly performance is 8.03%.

On 6 November NTN Buzztime Inc. (NYSEMKT:NTN) reported financial results for the third quarter ended September 30, 2014. Revenues for the third quarter of 2014 grew 9% year-over-year to $6.0 million, compared to $5.5 million for the same period in 2013, reflecting increased equipment revenue under sales-type lease agreements associated with the BEOND platform conversion. Direct costs were $2.3 million for the third quarter of 2014, compared to $1.5 million for the same period in 2013, up primarily due to equipment costs related to the BEOND platform deployment. NTN Buzztime Inc. (NYSEMKT:NTN) has 0.60% insider ownership while its institutional ownership stands at 22.90%. In last trading activity company’s stock closed at $0.30.

On 6 November Misonix Inc. (NASDAQ:MSON) announced financial results for the first quarter of fiscal 2015, ended September 30, 2014. Total revenue for the three months ended September 30, 2014 was $4.5 million, a 48% increase, when compared to $3.1 million for the same period in fiscal 2014. The increase was attributable to a 64% increase in BoneScalpel revenue to $2.2 million, a 34% increase in SonaStar revenue to $1.5 million and a 28% increase in SonicOne revenue to $601,000. On Thursday shares of Misonix Inc. (NASDAQ:MSON) closed at $10.63. Company’s sales growth for last 5 years was 6.10% and EPS growth for next 5 years is recorded as 30.00%.

Volatility Measures at Chinese Stocks: Baidu.com, Renren, E Commerce China Dangdang, SINA, Qihoo 360 Technology, Yingli Green Energy, Kandi Technolgies

The pessimists are producing in record numbers, as well as that’s a good thing for Baidu.com, Inc. (ADR) (NASDAQ:BIDU).

The stock exchanges are absent with their newest declares on shorting action, and there are more people having a bet against China’s leading search engine than there have been all year.

There were 13.9M shares of Baidu sold small as of the end of May, as well as that’s over the 12.3M bearish bets that NASDAQ declared for Baidu in its previous report for activity as of mid-May.

Shares price of Baidu.com, Inc. (ADR) (NASDAQ:BIDU) moved up from its 20 days moving average with 2.85% and remote positively from 50 days moving average with 8.64%. The stock is ahead its 52-week low with 20.10% and logging behind from its 52 week high price with -26.02%.

While a lot of of the China’s more volatile growth stocks have really seen, dramatic reduces short covering over the previous year:

Renren Inc (NYSE:RENN) has gone from over 19M shorts to 4.3M over the previous year. The stock price volatility was 3.34% for a week and 4.53% for a month as well as price volatility’s Average True Range for 14 days was 0.15.

E Commerce China Dangdang Inc (ADR) (NYSE:DANG) has seen its short interest plunged from 8.7M to 2.3M. It’s performed well as the shares escalated 0.27% to close the trading at $7.54 following it hit intraday high level of $7.64.

SINA Corp (NASDAQ:SINA) has gone from 9M shares to just 2.6M shares sold short. In previous trading session stock reports increased 1.90% to the closing price of $56.91. Its fifty-two week range was $41.14-$70.00. The total market capitalization remained $3.79 billion.

Qihoo 360 Technology Co Ltd (NYSE:QIHU) pushed the Internet industry lower making it featured Internet straggler. The firm has the market capitalization of $10.69 billion, enterprise value of $4.96 billion. The company has the price over sales value of $13.98 whereas its price over book value of $10.36 for the most recent quarter.

Shares of Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE) increased while it had 1.56 million trade volume in last session that was lesser as compared to average trading capacity of 6.14 million shares.

Kandi Technolgies Corp. (NASDAQ:KNDI)’s shares price moved down over -2.72% in early trade as its 20 days moving average with positive percentage of 39.08% and remote positively from 50 days moving average with 51.89%. KNDI current year earnings per share experienced an addition with -35.74% while its current quarter performance remained 67.71%.