Ferro Corporation (NYSE: FOE) escalated 1.89% to $4.84 on a traded volume of 1.11 million shares. The Company announced that John T. Bingle has assumed responsibility for investor relations, in addition to his duties as Treasurer. David Longfellow will retire from the Company at the end of January. Ferro Corporation is a leading global supplier of technology-based performance materials for manufacturers. Ferro materials enhance the performance of products in a variety of end market.
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MEMC Electronic Materials Inc (NYSE: WFR) augmented 6.43% to $4.14 on a traded volume of 2.84 million shares. The Company introduced the MEMC Silvantis M330 Solar Module. The Silvantis M330 is the first product to be manufactured exclusively with MEMC-produced polysilicon and CCz p-type mono wafers leveraging the company's strategic vertical integration.
FX Energy Inc (NASDAQ: FXEN) moved up 1.93% to $4.23 on a traded volume of 179k shares. The Company said that drilling has started on the Mieczewo-1K exploration well. The well is a planned test of a Rotliegend structure at a projected depth of 3,360 meters. FX Energy is an independent oil and gas exploration and production company with production in the US and Poland.
Myrexis Inc (NASDAQ: MYRX) augmented 4.68% to $2.91 on a traded volume of 1.33 million shares. The Board of Directors has totally determined to cancel the special meeting of its shareholders scheduled for January 23, 2013 at which the Company had been intending to seek approval by the shareholders of a Plan of Complete Liquidation and Dissolution.
Cree Inc (NASDAQ: CREE) climbed up 19.27% to $39.92 on a traded volume of 8.80 million shares. The Company reported second quarter profit of $20.4 million or 18 cents per share compared to $12.1 million or 10 cents per share in the prior year period. Revenue increased 14% to $346.3 million. The gross margin was 38.5% compared to 34.6%. Operating expenses rose 17% due to increase in overhead costs.
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