Boston, MA -- (SBWIRE) -- 09/10/2013 -- At winstonsmallcap.com we focus on undervalued companies trading under $5. Right now the markets are surging and we are seeing an opportunity in micro-cap companies like we have never seen before. Let have a Look on: (Merrimack Pharmaceuticals Inc (NASDAQ:MACK), Sonus Networks, Inc.(NASDAQ:SONS), JetBlue Airways Corporation(NASDAQ:JBLU), Novavax, Inc. (NASDAQ:NVAX)
Merrimack Pharmaceuticals Inc (NASDAQ:MACK) shares climbed 5.29% to $4.18. The company on August 22 announced that the British Journal of Cancer has published the paper "A Multinational Phase 2 Study of Nanoliposomal Irinotecan Sucrosofate (PEP02, MM-398) for Patients with Gemcitabine-Refractory Metastatic Pancreatic Cancer" in its latest issue. The Phase 2 study evaluated MM-398 (liposomal irinotecan sucrosulfate) monotherapy in patients with metastatic pancreatic cancer previously treated with gemcitabine-based therapy.
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Sonus Networks, Inc.(NASDAQ:SONS) shares gained 0.54% and closed at $3.72. The company on Sept. 4 announced the appointment of Pamela Reeve to its board of directors, expanding its base of directors to nine. Reeve's extensive executive, board and community leadership experience is expected to help accelerate the company's ambition to lead the global session border controller (SBC) growth category.
Additionally, the company on August 26 announced that as part of the Company's previously announced stock buyback program, it has agreed to repurchase approximately 3.1 million shares of the Company's common stock in a privately negotiated transaction with Empire Capital Management L.L.C. at $3.50 per share, the market closing price on August 23, 2013, for a total purchase price of approx. $11 million. The Company will pay for the share repurchase using cash on hand.
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JetBlue Airways Corporation(NASDAQ:JBLU) shares increased 2.45% to $6.27. LiveTV, a wholly owned subsidiary of JetBlue Airways (Nasdaq: JBLU), on Sept. 3 has received a Supplemental Type Certificate (STC) for Airbus 320 aircraft from the Federal Aviation Administration (FAA) for the first-of-its-kind Ka-band system, a satellite-based inflight connectivity and streaming entertainment solution, paving the road for next generation commercial inflight broadband.
Additionally, the company on August 29 announces the appointment of Marisa Von Wieding to the position of Vice President, System Operations Control. In this role, Ms. Von Wieding is responsible for the airline's operations of 850 daily flights in 79 locations throughout the Americas, including Dispatch, Air Traffic Management, Crew Services and Emergency Response and Care.
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Novavax, Inc. (NASDAQ:NVAX) shares jumped 3.70% to $3.36. The company on August 22 announced the number of shares tendered to it during the extended acceptance period for its recommended public offer to acquire all issued and outstanding shares and warrants of Isconova AB, which was first communicated on June 4, 2013, and which was extended to August 20, 2013.
Additionally, the company announced that Stanley C. Erck, President and Chief Executive Officer, will present at the 2013 Stifel Nicolaus Healthcare Conference on Thursday, September 12, 2013 at 9:45 a.m. ET in Boston, MA at the Four Seasons.
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