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Now some stocks under ten bucks that received the royal smack on Wednesday include International coal Group (NYSE: ICO) which traded down $1.40 to shut at $7.10 on heavy volume, Polyone Corp (NYSE: POL) traded down 54 cents to shut at $9.09, Movie Gallery (NASDAQ: MOVI) the stock that shot up on rumors traded down 49 cents to close at $7.01 on over 5.3 million shares traded, Input/Output Inc (NYSE: IO) traded down 46 cents to close at $8.74 on heavy volume and Grey Wolf (AMEX: GW) which traded down 40 cents to seal at $7.28 on over 3 million shares exchanged.
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Marie, Luna Innovations (NASDAQ: LUNA) is often a new IPO that went public on June 2, 2006. The stock is relatively new and came public at a time that Vonage (NYSE: VG) created a tremendous IPO debacle, but Luna stood strong at $6 where they went herd. The company researches, develops and commercializes innovative technologies in molecular technology and sensing ideas. I haven't had the time to obtain my hands dirty and research it, and That's not me going to provide you with an promptly outlook on whether you should purchase the stock or not, it wouldn't be fair a person. So what I'm going carry out is make an attempt to get the CEO of Luna Innovations on "Wall Street to Main Street" so they tell you exactly what the company is approximately and only then do we can evaluate its value to your company.
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This has weighed close to company as word spread. At one point this was a $51 stock and went as little as $3, it closed down in the $8 range yesterday, so for all intents and purposes one particular fell to get up. They currently have a 52 week low of $3 as well as a 52 week high of $23.64. Now I really should try to let you know that they company is losing money, they just reported that revenues dropped 7% in 2005, here is the first period in 12 months that they've got given full disclosure of sales personalities. But the stock had movement on Wednesday as it traded up 43 cents to close at $8.44, go figure.
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