Los Angeles, CA, January 10, 2013 - NewLead Holdings Ltd (NASDAQ: NEWL) shares soared 28.88% to $2.41 after the company announced that the Company received a capital contribution of industrial metal valued at $236.4 million for a 36.8% equity interest in NewLead. Upon completion of this transaction, it is expected that NewLead will have a total of 701,904,963 shares of common stock outstanding.
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Sino-Global Shipping America, Ltd. (NASDAQ: SINO) shares gained 13.60% to $2.59. The company, on Dec. 19, announced that it has established a new wholly-owned subsidiary, Sino-Global Shipping Canada Inc., to provide services for ships loading commodities at Canadian ports and delivering them to China . Sino-Global Shipping Canada is already providing shipping services to Baosteel's vessels in Canada. Baosteel, based in Shanghai, China, is the second steel producer in the world with huge demands for iron ore and other commodities.
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SUPERVALU INC. (NYSE: SVU) shares jumped 13.82% to $3.46 after the company reported third quarter fiscal 2013 net sales of $7.9 billion, as compared to $8.3 billion last year. Net earnings for the third quarter totaled $16 million, or $0.08 per diluted share. In the third quarter of fiscal 2012, the Company reported a net loss of $750 million, or $3.54 per diluted share.
Additionally, the company announced a definitive agreement under which it will sell its Albertsons, Acme, Jewel-Osco, Shaw's and Star Market stores and related Osco and Sav-on in-store pharmacies (collectively, the "Banners") to AB Acquisition LLC ("AB Acquisition").
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Direxion Shares Exchange Traded Fund Trust (NYSEARCA: NUGT) shares climbed 6.27% to $10.17 in the early hour. The 52 week trading range for the company is $7.70 - $27.01. The shares of the company fell 55% in the last one year.
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DragonWave, Inc.(USA) (NASDAQ: DRWI) shares declined 18.71% to $2.78 after the company yesterday announced that for the fourth quarter of 2013, it expects revenue to be in the range of $40 million to $45 million. Analysts were expecting the Company to report revenue of $49 million for the fourth quarter of 2013.
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