Why Are These Four Stocks Surging on Monday?

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After a 24% plummet last week amid a controversy in the business activities of New Jersey-based Eros International plc (NYSE:EROS), the company rebounded by 20% in active midday trading. The drivers to its sales increase and its growing footprint in United Arab Emirates was called into question after recent a tweet from a user cried fraud on the spike in sales outside of its Indian market, Bloomberg reported last week. ros International plc (NYSE:EROS) responded today to clear the issues point by point. Additionally, the company’s audit committee retained law firm Skadden, Arps, Slate, Meagher & Flom LLP to conduct an independent internal review.

“Eros will survive this attack and emerge a winner in the long run..,” the company said in a released statement.

Wells Fargo’s analyst Eric Katz downgraded his rating of the Bollywood film producer and distributor to ‘Market Perform’, unsatisfied with the answers provided by the company. Among the investors, we track, ros International plc (NYSE:EROS) is not very popular, with just 14 funds holding stakes equal to 5% of the company as of the end of June.

VirtualScopics Inc (NASDAQ:VSCP) jumped after the bell and after a very volatile trading ended around 2% up. Over the last three months, VirtualScopics Inc (NASDAQ:VSCP)’s stock rallied by nearly 90%, and saw an all-time high on October 30 when it closed at $4.5 per share – after declining as far as $2.44 and soaring as high as $6.65 intraday. VirtualScopics Inc (NASDAQ:VSCP) provides quantitative imaging solutions, serving pharmaceutical, biotechnology and medical device industries.

Disclosure: None

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