Stocks in the News: Innovative Solutions & Support Inc(NASDAQ:ISSC), FalconStor Software, Inc.(NASDAQ:FALC), Lexmark International Inc(NYSE:LXK)


Innovative Solutions & Support Inc(NASDAQ:ISSC) announced that the board has approved a stock repurchase program, effective as of May 1, pursuant to which the Company may repurchase up to 250,000 shares of its common stock. The program will remain in effect until May 1, 2015, unless extended by the board. This program will replace the Company’s previous stock repurchase program, which will expire on May 1.

Storage industry innovators FalconStor Software, Inc.(NASDAQ:FALC) and X-IO Technologies announced they have signed a reseller agreement. Effective immediately, the agreement allows X-IO’s global network of resellers to package and sell FalconStor Network Storage Server. By combining X-IO’s Intelligent Storage Element solutions with FalconStor NSS, customers can achieve a flash-enabled high performance, reliable, scalable storage solution that includes a suite of data protection and DR solutions.

Lexmark International Inc(NYSE:LXK) shares are down over 11% at time of writing to $41.41 following earnings and guidance earlier this morning. At current price, the 50-day moving average is now broken. This was a primary uptrend support proxy, and price below it is bearish for future pricing trend. Next support is at $40.44. Resistance is at the 50-day, last at $43.59.

Suggested Reading: Best Star Wars Video Games