Jan 15, 2014

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Stocks Gaining Momentum: Chelsea Therapeutics International Ltd. (NASDAQ:CHTP), DragonWave, Inc. (USA) (NASDAQ:DRWI), On Track Innovations Ltd. (USA) (NASDAQ:OTIV), FreeSeas Inc (NASDAQ:FREE)

Stocks Gaining Momentum: Chelsea Therapeutics International Ltd. (NASDAQ:CHTP), DragonWave, Inc. (USA) (NASDAQ:DRWI), On Track Innovations Ltd. (USA) (NASDAQ:OTIV), FreeSeas Inc (NASDAQ:FREE)

Chelsea Therapeutics International Ltd. (NASDAQ:CHTP) made a new 52-week high of $5.03 in the current trading session after Needham & Company lifted its price target for the pharmaceutical company to $8 per share in a research note written to investors on Wednesday. CHTP shares are trading in the range of $4.69 to $5.78 today. The company has a market capitalization of $392.17 million.

DragonWave, Inc. (USA) (NASDAQ:DRWI) jumped 19.02 percent to $1.69 today after the company posted lower-than-expected loss for the third quarter. DragonWave reported a loss of $5.5 million or $0.12 per share for the quarter, versus $13.9 million or $0.36 per share, one year ago. Analysts surveyed by Thomson Reuters predicted a loss of $0.17 per share. DRWI shares are trading in the range of $1.51 to $1.81 today. The company has a market capitalization of $86.54 million.

On Track Innovations Ltd. (USA) (NASDAQ:OTIV) rose 10.88 percent to $4.07 today on volume of 2.25 million shares. The 52-week range of the stock is $0.80 to $4.27. On Track Innovations is engaged in the designing, development and marketing of contactless microprocessor-based smart card solutions. The company has a market capitalization of $133.07 million.

FreeSeas Inc (NASDAQ:FREE) advanced 7.43 percent to $1.88, on volume of 1.06 million shares, in the current trading session. The intra-day range of the stock is $1.76 to $1.93. FreeSeas shares performed well during the last few weeks. The stock increased more than 41 percent in the past one month. The company has a market capitalization of $19.76 million.

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