Unusual Volume Gainers: Finisar Corporation(NASDAQ:FNSR) and Best Buy Co. (NYSE:BBY)
Massapequa Park – April 04 , 2013 — (Net PR News) -King Penny Stocks is an elite financial community for investors and traders alike who are looking to potentially gain financial freedom through the markets on undervalued companies and “in-play” momentum penny stocks. Today, we bring a special trend analysis of the following stocks: Finisar Corporation(NASDAQ:FNSR) and Best Buy Co. (NYSE:BBY)
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Best Buy Co. (NYSE:BBY) and Samsung Electronics reported on Thursday that Best Buy will feature Samsung in-store boutiques at over 1,400 Best Buy and Best Buy Mobile stores throughout the US starting this month.
The launch is predicted to be accomplished by the start of summer. This will be the first time that Samsung is hiring and training a group of retail workers who will staff most of the boutiques, the Wall Street Journal announced.
Not like Apple Inc. and Microsoft Corp., Samsung does not have its own stores in the US, the Journal announced, further stating the Samsung sections will be bigger than Apple’s and would let shoppers purchase merchandise without moving to the main checkout lines.
How shares of Best Buy responded after such news? Find in this report
Best Buy shares jumped up after the news and on last check were trading above the trend line with a positive change of 10%.
The volume traded so far was 21.09 million ,which was way above than the average daily volume of 12.67 million.
Shares of Finisar Corporation(NASDAQ:FNSR) opened the trading session at $13.02 and, after a few hours, the stock picked up momentum and was trading higher 4.84% at 12:15 PM EDT and was hanging around $13.22.
How Finisar stock gained investors attention on Thursday? Find in this report
The stock traded with unusually high volume and was under investors focus on Thursday’s trading session in New York.
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