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Thursday, May 26, 2011

CombiMatrix Corporation ( NASDAQ: CBMX ), stock on the move, up 20 % without news: cautious trade alert

CombiMatrix Corporation ( NASDAQ: CBMX ), stock of the company has jumped more than 20 % without any specific news or announcements.We recommend a cautious trade alert and traders might prefer not to initiate buy positions.

Last News was its quarterly earnings. Company has reported a net loss of $ 0.26 per diluted share compared with a profit of $ 2.14 per diluted share a year earlier.The profit in 2010 Jan - Mar quarterly earnings was primarily due to gain of  litigation settlement payment of $ 19.4 million.


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