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NEW YORK (TheStreet) -- Frontier Communications (FTR) - Get Free Report jumped by nearly 6% in heavy trading of 30 million shares Thursday, finishing the day at $5.52.

The company, based in Stamford, Conn., won approval from the Federal Communications Commission to acquire Verizon's (VZ) - Get Free Report wireline operations in several states, including California. Read the full report in TheStreet.

Frontier's most recent high was $8.38 on Feb. 13. Verizon shares closed Thursday at $45.70, up close to 1%.

Shares of DHX Media (DHXM) - Get Free Report finished the day at $6.19, a decline of 7.5%. The company, headquartered in Halifax, Nova Scotia, develops and produces television and film programming for broadcasters worldwide. There was no news or apparent reason for the decline in the company's shares Thursday.

NQ Mobileundefined saw its stock close at $3.65 Thursday, a drop of 5.4%. Shares of the company, which sells mobile Internet services in China, soared by nearly 40% on Aug. 27.

The company, headquartered in Beijing, provides mobile security and cloud services. But the company's shares have a long way to recover to higher ground. NQ Mobile's most recent high of $6.33 was on June 15. The company's shares traded at $9.46 on Oct. 27, 2014.

In late August the company announced a 25% increase in quarterly net revenue for the period ending June 30, compared with the same three months of 2014. NQ Mobile also said it had trimmed its quarterly loss. In addition, the company said it had reached agreements to sell two business units, NationSky and FL Mobile.

This article is commentary by an independent contributor. At the time of publication, the author held no positions in the stocks mentioned.