Lakeway, NY -- (SBWIRE) -- 02/07/2013 -- ThePennyStockProfiler.com, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on the following stocks:-
Organovo Holdings Inc (PINK:ONVO) shares fell 2.67% and closed at $4.38. The company, on Feb. 5, announced its intention to redeem two classes of outstanding warrants initially issued to investors participating in private placement financings in 2011 and 2012. The warrant redemption will raise non-dilutive capital, enable Organovo to significantly improve its balance sheet, help position the Company to qualify to list its common stock on the NYSE MKT or NASDAQ exchange, and decrease a significant portion of the derivative liability from its balance sheet.
What Should Be The Fair Value Of ONVO After Recent Movement? Let’s Find Out Here
Facebook Inc (NASDAQ:FB) shares climbed 1.43% to $29.05. The company, on Jan. 31, reported a plunge in fourth-quarter profit on higher spending. Net income fell 79% to $64 million last quarter as operating expenses jumped 82%. That outpaced a 40% revenue gain to $1.59 billion and raised concerns that margins will come under pressure. Chief Executive Officer Mark Zuckerberg plans to increase expenses, excluding certain costs, 50% this year to hire staff and roll out new tools for advertisers. Profit excluding some items was 17 cents a share. That compares with analysts’ prediction for 15 cents. Analysts had projected $45.8 million in profit on sales of $1.52 billion.
Is FB a Buy After The Solid Earnings? Find Out Here
Groupon Inc (NASDAQ:GRPN) stock gained 5.47% to $5.40. Deutsche Bank raised its price target on Groupon from $4 to $6 saying they have become incrementally more positive. The firm, however, is maintaining a Hold rating.
The Law Offices of Todd M. Garber, last month, announces that a class action lawsuit has been filed in the United States District Court for the Northern District of Illinois on behalf of a class (the "Class") comprising all purchasers of the common stock of Groupon, Inc. ("Groupon" or the "Company") (NASDAQ:GRPN) between May 14, 2012 and November 8, 2012, inclusive (the "Class Period").
Is GRPN a Buy After The Solid Earnings? Find Out Here
Cereplast, Inc. (PINK:CERP) shares surged 42.62% to $0.0599 after the company, this week, generated approximately $300,000 in new revenue during the last two weeks of January 2013. These orders received are in addition to the $500,000 of new revenue that was announced on January 23, 2013. The Italian Application Decree, which mandates that companies discontinue the use of traditional plastic bags in favor of bioplastic bags or other alternatives, continues to drive demand for the Cereplast Compostables(R) blown film grades.
Get Free Trend Analysis On CERP Here
MER Telemanagement Solutions Ltd. (NASDAQ:MTSL) shares gained 12.33% to $4.65 in the last trading session. The 52 week trading range for the company is $1.22 - $4.79. The shares of the company soared 158% in the last one year. The company is a worldwide provider of solutions for telecommunications expense management (TEM) and billing solutions.
How Should Investors Trade MTSL Now? Find Out Here
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