Market Overview

Benzinga's Small Cap Movers for Tuesday November 27, 2012

Below are highlights from Benzinga's daily coverage of small cap securities making big moves:

Coffee Holding

Shares of Coffee Holding (NASDAQ: JVA), the Staten Island, NY manufacturer, roaster, packager, marketer, and distributor of roasted and blended coffees, rose 1.5% Tuesday on average volume and then rose 9% after-hours.

Coffee Holdings shares moved in sympathy with Green Mountain Coffee Roasters (NASDAQ: GMCR), whose shares rose 25% after-hours on a solid earnings beat and raised guidance.

Coffee Holding reports earnings on January 21, 2013.

Coffee Holding closed at $7.01 on Tuesday and traded at $7.64 after-hours.

Immersion Corporation

Shares of Immersion Corporation (NASDAQ: IMMR), the San Jose, CA provider of haptics technology, rose 34% Tuesday on 12 times average volume.

Immersion Corporation announced Tuesday it entered into a settlement and license agreement with Google, Inc. and Motorola Mobility LLC, resolving the patent infringement litigation brought by Immersion against Motorola. The litigation was initiated based on Motorola's various uses of a simple form of haptic effects in its mobile devices, sometimes referred to as Basic Haptics.

Under the settlement and license agreement, Immersion is receiving compensation for prior shipments of Motorola devices containing Basic Haptics technology, the parties have agreed to a license relating to future shipments of Motorola devices with Basic Haptics, and have resolved certain issues with respect to Google-branded smartphones containing Basic Haptics. The agreement does not extend to other manufacturers' handsets that use the Android operating system. As a result of the settlement, Immersion will dismiss all pending litigation between it and Motorola.

Immersion Corporation closed at $6.32 on Tuesday.

Zalicus

Shares of Zalicus (NASDAQ: ZLCS), the Cambridge, MA biopharmaceutical company, rose 19% Tuesday on twice average volume.

Zalicus announced Tuesday that Z160, its first-in-class, oral, state-dependent, selective N-type calcium channel (Cav 2.2) blocker in Phase 2 clinical development for chronic neuropathic pain, has been chosen by Windhover as one of the Top 10 Neuroscience Projects to Watch. Mark Corrigan, MD, CEO of Zalicus, will provide a summary of Z160 during his presentation at the Windhover 2012 Therapeutic Area Partnership meeting being held at the Westin Copley Place Boston at 1:30 p.m. ET on Thursday, November 29, 2012 during the Top 10 Neuroscience Projects to Watch session.

Zalicus closed at $0.71 on Tuesday.

The information in this article is taken from public sources, press releases, and websites that cannot always be verified. Please note that investing in microcap stocks is highly speculative. The companies mentioned here are for information purposes only. Benzinga makes no claim as to the suitability of these stocks as an investment. Neither Benzinga nor its staff recommend that you buy, sell, or hold any security. We do not offer investment advice, personalized or otherwise. Benzinga recommends that you conduct your own due diligence and consult a certified financial professional for personalized advice about your financial situation.

Posted-In: Long Ideas News Short Ideas Small Cap After-Hours Center Movers Trading Ideas

 

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