Disappointing economic news have stocks trading slightly lower heading into the lunch hour. Only 119,000 jobs were added in the private sector last month according to the ADP report. Economists were expecting 170,000. Factory orders also dipped in March by 1.5%, the biggest drop in three years according to the Commerce Department.
The Dow is down 27 points, the Nasdaq is up 4 points and the S&P 500 is down 4 points.
Great Wall Builders Ltd. (OTC:GWBU) is up 51.25% today at $0.6050. GWBU has seen more than 6 million shares traded hands today as it hits a new high of day. Great Wall Builders announced yesterday a new chairman and directors. This could be a new pump getting started as this is the first day with any meaningful volume and the news isn’t anything earth shattering.
Universal Bioenergy Inc. (PINK:UBRG) is up 44.37% today at $0.0231. UBRG has traded 19.2 million shares so far today, well above its daily average of 4 million shares. UBRG announced today its subsidiary NDR Energy signed a contract with the largest gas utility in U.S. for natural gas storage.
Integrated Biopharma Inc. (OTC:INBP) is up 380% today at $0.12. INBP has traded 2.3 million shares so far today and hit an intraday high of $0.19 earlier. INBP has seen no news today to explain the big jump in volume and percentage move. This could also be a smaller promotion going on with this stock.
We never hold a position in stocks we cover and are not investment advisors. This is for entertainment purposes only.