Medora Corp (OTCMKTS:XUII) shares down by 21.13%, QUANTUM INT. CORP (OTCMKTS:QUAN)
Hartford, CT 05/30/2013 (GDPInsider) – Medora Corp (OTCMKTS:XUII) closed at $0.280 after heading 21.13% downwards, dropping by $0.075. It opened its day at $0.34 after its previous day close of $0.40. The intraday range of the stock is $0.25 low and $0.34 high. The market capitalization of the company is $121.16 million. The 52-weeks share price range for the stock is $0.10- $0.44. Around 29.71 million shares have exchanged hands during the day which is lower than average volume measured over 30 days that is 17.59 million.
Though Medora Corporation announced that because of Akon who featured broadcast there has been an increase in viewer count by more than 600% after the previous event, but it closed down 6.33% resulting at $0.355 per share. This can be due to various reasons. One reason may be that 600% increase either means an increase from 1 million to 6 million or 10 million to 60 million and Medora didn’t show the actual figure so maybe public guessed wrong. And secondly it was a free viewer logins so Medora didn’t make money out of it.
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QUANTUM INT. CORP (OTCMKTS:QUAN) closed at $0.380 after heading 24.00% downwards, dropping by $0.120. It opened its day at $0.53 after its previous day close of $0.50. The intraday range of the stock is $0.35 low and $0.53 high. The market capitalization of the company is $19.25 million. The 52-weeks share price range for the stock is $0.05- $2.65. Around 5.57 million shares have exchanged hands during the day which is higher than average volume measured over 30 days that is 1.20 million. The beta of the stock which measures the volatility is -1.28.
Quantum Corporation is developing an important accessory for iPad user which is supposed to be a multi featured protective case. iPad’s market is expected to be rose by $2.3 billion. These cases would be available in the market this summer.
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