New York, NY – (NISMAGAZINE) – 4/9/2013- Dig-It Underground, Inc. (PINK:DIGX) zoomed up 225% at $0.0013 after trading 92.6 million shares. It is a consumer products company specializing in open edition prints, limited edition prints, apparel, and licensing. The stock is marked with the OTC Skull and Bones logo indicating Caveat Emptor (Buyer Beware). The company had 345.612 million shares outstanding as on March 31, 2012, and the last financial audit report filed by the company is for the March 31 quarter, 2012.
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LABSTYLE (OTC:DRIO) fell 4.23% at $2.49 after trading 709,589 shares. The company began trading on the OTC effective today. The company’s first product is Dario, a device for the diabetic self-monitoring of blood glucose (SMBG). It consists of a lancet to obtain a blood sample, disposable strips and a glucose reader-adaptor that will interface with a smartphone and the internet. The company expects to receive European approval for the device later this year and commence its launch in the European market shortly thereafter. A country-by-country rollout is expected thereafter depending upon regulatory approvals. Annual or quarterly financial data is currently not available for the company.
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The Wet Seal Inc. (NASDAQ:WTSL) fell 0.34% at $2.94 after trading over 781,000 shares. Headquartered in Foothill Ranch, California, The Wet Seal, Inc. is a leading specialty retailer of fashionable and contemporary apparel and accessory items. As of February 2, 2013, the Company operated a total of 530 stores in 47 states and Puerto Rico, including 468 Wet Seal stores and 62 Arden B stores. The Company’s products can also be purchased online. Research firm Ascendiant Capital Markets have commenced coverage of the stock with a rating of Strong Buy and a price target of $4.00. Late last month, research company Zacks confirmed a Neutral rating on the stock and a price target of $3.25.
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