Shares of Energy Conversion Devices Inc. (NASDAQ:
ENER) surged in trading on Friday after the Rochester Hills, Michigan-based
company announced that it made interest payment on Notes. The company said that
it made its previously deferred semi-annual interest payment on its 3%
Convertible Senior Notes due June 2013.
Energy Conversion Devices shares rose to an
intra-day high of $1.17 before finishing the day more than 63% higher on above
average volume. The rally pushed Energy Conversion Devices shares above their
50-day moving average.
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