Lakeway, TX -- (SBWIRE) -- 10/09/2013 -- Bestdamnpennystocks, 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:-
Shanda Games Limited(ADR) (NASDAQ:GAME) shares climbed 11.81% to $4.64. The company on Sept. 30 announced that its parent company, Shanda Interactive Entertainment ("Shanda Interactive"), has been granted a permit to open a new subsidiary to conduct business in the newly established China (Shanghai) Pilot Free Trade Zone. Shanda Interactive is the only privately-owned Internet company among the first 36 companies to enter the free trade zone and participated in the opening ceremony of the free trade zone in Shanghai on September 29, 2013. Shanda International, the newly-established subsidiary, is expected to benefit from a series of more liberal policies that are exclusive to the free trade zone in the areas of, among other things, foreign exchange, banking and finance, telecommunications and foreign investment.
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InvenSense Inc (NYSE:INVN) shares increased 5.80% to $19.71. The company on Oct. 1 announced the opening of a new design center in Seoul, Korea. The design center strengthens InvenSense's presence with a global expansion of its development team and is a direct extension of the software engineering team based in San Jose, California. InvenSense selected the Korean locale based on its close proximity to several of the world's leading Original Design Manufacturers (ODM), wealth of engineering talent, and its ability to facilitate closer customer collaboration and partnership.
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American Assets Trust, Inc (NYSE:AAT) shares jumped 0.42% and closed at $31.13 in the last trading session. The company will announce its third quarter 2013 earnings in a press release to be issued after the market closes on Tuesday, November 5, 2013. Senior management will hold a conference call for its third quarter 2013 earnings on Wednesday, November 6, 2013 at 8:00 a.m. Pacific Time ("PT").
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