PennyTrader.com Presents Today’s Midday Stock Report: PWAV, GYST, ALVR
Equities are building on their early gains as the S&P 500 is up 0.4%.
Looking at the early sector performance, financials and industrial stocks are showing early outperformance. Consumer staples, utilities, and healthcare are all weaker in what appears to be sector rotation out of traditionally safer stocks and into the riskier ones.
Elsewhere, Apple (AAPL 662.70, +2.11) is higher by 0.3% as it trades in-line with the market ahead of the expected unveiling of iPhone 5 at an event in San Francisco later today.
PWAV – Trade Alert
Up 67.43% in morning trading to $.6399 with 1M shares traded
Powerwave Technologies, Inc., is a global supplier of end-to-end wireless solutions for wireless communications networks. Powerwave designs, manufactures and markets a comprehensive suite of wireless solutions, including antennas, base station products and advanced coverage solutions, utilized in all major wireless network protocols and frequencies, including Next Generation Networks in 4G technology, such as LTE. Powerwave Technologies, Inc. (Nasdaq:PWAV) today announced that it has entered into a new $50 million senior secured credit agreement with P-Wave Holdings, LLC, an affiliate of The Gores Group.
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GYST – News Alert
Up 32.86% in morning trading to $.0093 with 22M shares traded
The Graystone Company, Inc. is a U.S.-based mining and exploration company focused on acquiring and developing gold and other mineral properties. The Company’s strategy is to build value for shareholders by the identification, acquisition and exploration of early-stage properties that show significant potential for the discovery of gold. The Graystone Company (GYST) announced today that the Company’s retail sale of gold and silver increased by 341% in the month of August. The Company’s sales in August were greater than the rest of the year combined. As such, the Company is investing additional resources to continue to expand and grow this division.
To Read Full Story go to: http://www.pennytrader.com/
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ALVR – News Alert
Up 11.04% in morning trading to $.35 with 200K shares traded
Alvarion Ltd. provides optimized wireless broadband solutions addressing the connectivity, coverage and capacity challenges of telecom operators, smart cities, security, and enterprise customers. Their innovative solutions are based on multiple technologies across licensed and unlicensed spectrums. Alvarion® Ltd. (ALVR) announced today that the City of Cleburne, Texas, installed a private wireless network for public safety connectivity reducing the costs associated with the use of wireless broadband cards and delivering better performance. The network uses Alvarion’s BreezeMAX® Extreme base stations in the secure 4.9 GHz band connected to BreezeMAX Vehicular Subscriber Units installed in the City’s police vehicles allowing officers to seamlessly and securely perform their duties in the field.
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