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Catapult Solutions News

China Precision Steel (CPSL) Explodes to One-Year High

China Precision Steel CPSL exploded to a one-year high of $3.75 on Thursday on higher-than-average volume. The stock had amassed a volume of more than 1.5 million as of 2:40 p.m., more than 100 times its average of 14,925. The company made no announcements this week but reported its second-quarter results in mid-February. China Precision Steel reported revenue of $11.9 million, gross loss of $5.1 million, net loss of $13 million, fully diluted loss per share of $3.34 and international sales of $0.2 million, which accounted for 2% of total sales.

8 Stocks Under $10 Moving Higher

Stocks that are making large moves like these are favorites among short-term traders because they can jump into these names and try to capture some of that massive volatility.

5 Stocks Under $10 Set to Soar Higher

Traders savvy enough to follow the low-priced names and trade them with discipline and sound risk management are banking ridiculous coin on a regular basis.

China Precision Steel Inc. Stock Downgraded (CPSL)

China Precision Steel (Nasdaq:CPSL) has been downgraded by TheStreet Ratings from from a hold to sell.

Charts of the Week: Denny's, Gilead

Here's a look at some compelling charts that have been piquing the interest of the Stockpickr community.

Breaking News

Tesla Q2 Deliveries Slump To 254,695 As Shanghai Shutdown, Supply Chain Snarls Take Toll

Tesla said it had a record rate of production in June, but supply chain disruption and the closure of its Shanghai gigafactory triggered a slump in Q2 deliveries.

Summers, Others Cite Growing Chance of Recession

GDP shrank an annualized 1.6% in the first quarter, and some experts anticipate another drop in the second quarter.

Coinbase Faces A New Scandal

The platform denies selling proprietary customer data and announces it is expanding into several European countries.