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Market Boosted by Strong Tech Earnings: Bank of America Corp., MAP Pharmaceuticals Inc., Swingplane Ventures Inc., World Moto, Inc., Organovo Holdings, Inc.
Date:1/24/2013

NEW YORK, January 24, 2013 /PRNewswire/ --

Fourth-quarter revenues reported by tech giants IBM and AMD gave the markets a boost yesterday. IBM rallied more than 4% to hit $204.72 as their profit forecast beat analyst estimates. AMD, the second-biggest maker of processors for personal computers, also beat analyst estimates and rose more than 10% to hit $2.73. Apple reported weaker than expected first-quarter sales, dragging the stock down more than 10% after hours.  

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Bank of America Corp. (NYSE: BAC) - BAC led the NYSE in volume yesterday and traded over 120 million shares. On November 16th 2012, BAC shares were trading as low as $8.92 which represents a gain of nearly 30% at Wednesday's closing price of $11.42.  Bank of America said Wednesday that it has named two new members to its board of directors. BAC's CEO and CFO purchased a combined total of 27,516 shares on January 15th.

MAP Pharmaceuticals, Inc. (Nasdaq: MAPP) - MAPP saw a surge in trading volume yesterday and traded over 45 million shares. The stock hit a new 52-week high of $24.77 on Wednesday and closed a hair below it at $24.71. Allergan Inc. has agreed to buy Mountain View's MAP Pharmaceuticals for a valued $958 million.

Swingplane Ventures Inc. (OTCBB: SWVI) - SWVI came out through the gates at full speed yesterday and kept going until the close. The stock closed in the green up over 70% with more than $20mil in volume traded. Average volume is 263,521 and volume traded on Wednesday was nearly 90 mil
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