Two NASDAQ Stocks on the Move under a Buck: FTWR and TNCC

FiberTower Corporation (NASDAQ:FTWR) has traded as high as $.22 during today’s trading session and last traded at $.21 for a gain of 40% from Friday’s close! FTWR shares have traded as high as $4.70 over the past 52 weeks, which is over 95% off that high at last traded stock price. Get my next ALERT 100% FREE

FTWR recently reduced its workforce approximately 40% and halted all capital and project related spending in an effort to conserve existing liquidity. Remaining staff are focused on maintaining the Company’s network and day-to-day operations as management makes decisions about future actions.

FiberTower is a backhaul and access services provider focused primarily on the wireless carrier market. With its extensive spectrum footprint in 24 GHz and 39 GHz bands, carrier-class fiber and microwave networks in 13 major markets and master service agreements with nine U.S. wireless carriers, FiberTower is an alternative carrier for wireless backhaul. FiberTower also provides backhaul and access service to government and enterprise markets. For more information, please visit our website at www.fibertower.com.

Tennessee Commerce Bancorp, Inc. (NASDAQ:TNCC) has traded as high as $.30 during today’s trading session and last traded at $.20 for a gain of 138.43% from Friday’s close! TNCC shares have traded as high as $5.38 over the past 52 weeks, which is over 96% off that high at last traded stock price.

TNCC reported on November 22, 2011 that it received a deficiency letter from the NASDAQ indicating that the Company was not in compliance with the requirements for continued listing under NASDAQ Listing Rule 5250(c)(1), which requires that NASDAQ-listed companies file their required periodic financial reports with the U.S. Securities and Exchange Commission on a timely basis.

Tennessee Commerce Bancorp, Inc. is the parent company of Tennessee Commerce Bank (the “Bank”).The Bank provides a wide range of banking services and is primarily focused on business accounts. Its corporate and banking offices are located in Franklin, Tennessee. The Company’s common stock is traded on the NASDAQ Global Market under the symbol “TNCC.”Additional information about Tennessee Commerce Bancorp, Inc. and Tennessee Commerce Bank can be accessed at www.tncommercebank.com.