NEWARK, Del.--()--In the midday trading, Dow Jones Industrial Average slipped 52 points to 8130, S&P 500 dropped 4 points to 877 and the Nasdaq Composite fell 1 points to 1751.
Every trading day our team at Penny Stock Chaser looks through thousands of stocks to identify those that are poised and ready to move up. Penny Stock Chaser presents midday movers: General Motors Corp. (Pinksheets:GMGMQ), China Tel Group Inc. (OTCBB:CHTL), Copsync Inc. (OTCBB:COYN), Dephi Corp.(Pinksheets:DPHIQ), Entrust Inc. (NASDAQ:ENTU)
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The following stocks are expected to go higher:
General Motors Corp. (Pinksheets:GMGMQ) shares surged 39% to $1.17 as the company emerged from the remains of bankrupt General Motors Corp. by taking over the best assets of the biggest U.S. automaker. Investing in the new GM, General Motors Company (the "new GM") currently has no publicly traded securities. Please note that none of the publicly owned stocks or bonds issued by the former General Motors Corporation (now renamed "Motors Liquidation Company"), including its common stock formerly traded on the New York Stock Exchange under the ticker symbol "GM", are or will become securities of General Motors Company, which is an independent separate company.
China Tel Group Inc. (OTCBB:CHTL) was up 14% trading at $0.92 on no news. China Tel Group, Inc., through its controlled subsidiaries, provides fixed line telephone, conventional long distance, high speed wireless broadband and telecommunications infrastructure engineering and construction services. ChinaTel is presently building, deploying and operating wireless broadband telecommunications networks in Asia and South America
Dephi Corp. (Pinksheets:DPHIQ) jumped up 23% to $0.067 on no news. Delphi is a global supplier of mobile electronics and transportation systems, including powertrain, safety, thermal, controls and security systems, electrical/electronic architecture and in-car entertainment technologies. Delphi is a supplier of vehicle electronics, transportation components, integrated systems and modules, and other electronic technology.
Copsync Inc. (OTCBB:COYN) is a software technology provider to law enforcement and emergency service professionals. The Company announced yesterday that it has successfully assisted its clients in applying for over ten million dollars in Federal and State Grant Funds specifically written to fund the implementation of the COPsync technology.
Entrust Inc. (NASDAQ:ENTU) moved up 7% to $1.96 after the Company announced it has entered into an amendment to its merger agreement with an affiliate of Thoma Bravo, LLC ("Thoma Bravo"). Under the terms of amended merger agreement, an affiliate of Thoma Bravo will acquire all of the outstanding shares of Entrust common stock for $2.00 per share in cash, in a transaction valued at approximately $124 million. Entrust provides trusted solutions that secure digital identities and information for enterprises and governments in 2,000 organizations spanning 60 countries.
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Michael Scott Jacobs, CFA, of PennyStockChaser.com is a member of the National Association of Securities Dealers, CRD number 1818665.