Hot Equities Review & Reports For: (NASDAQ: MSFT), (OTCQB: SVEN)
Microsoft Corporation (NASDAQ: MSFT), the maker of Windows operating system, is marginally higher in mid-day trading, extending its gains from the previous trading sessions.
MSFT is currently trading 0.24% higher at $27.39 on volume of 13.90 million, which is well below the daily average volume of 59.79 million. MSFT has now gained nearly 3.5% for the week. MSFT gained after the company made some major announcements on Tuesday, including the signing of Android patent agreement with EINS. The company also announced that it increased production and expanded retail distribution for Microsoft Surface with Windows RT.
MSFT had been struggling prior to this week, with the stock falling below $26.5 support level last week. However, technical indicators suggest that market sentiment has turned bullish on MSFT.
Superior Venture Corp. (OTCBB: SVEN), a company engaged in the business of making films, is continuing to slide in mid-day trading today. After falling more than 63% on Monday and another 12% on Tuesday, SVEN is down more than 61% in mid-day trading today. The stock has given up all of its gains from November 27, when it rallied nearly 220%.
SVEN has sunk even as the company made some major announcements in the last few days. On Monday, the company had announced that it sees growth of 25% to 40% from China movie market and record year fueling growth for its subsidiary Ilustrato Pictures in 2013.
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