Lakeway, NY -- (SBWIRE) -- 03/07/2013 -- 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:-
Time Warner Inc (NYSE:TWX) shares gained 0.74% to $55.46. The company yesterday said that it'll spin off its magazine division, Time Inc., as an independent, publicly traded company later this year. The media giant ended talks to sell several magazine titles to Meredith. The spinoff follows an announcement by News Corp. to separate its entertainment and publishing businesses into two companies, a move that will be completed later this year.
Is TWX a Still a Buy after the Solid momentum? Let’s Find out Here
Alexion Pharmaceuticals, Inc. (NASDAQ:ALXN) shares climbed 2.39% and closed at $93.18. The company, last week, joins the European Organization for Rare Diseases (EURORDIS), the National Organization for Rare Disorders (NORD) and patient organizations worldwide in celebrating Rare Disease Day 2013, a global effort to focus attention on rare diseases, their profound impact on patients, and the need for improved diagnosis and treatment.
Is ALXN a Strong Buying Opportunity After The Recent Slump? Find out Here
MGIC Investment Corp. (NYSE:MTG) soared 5.06% and closed at $5.61. The Company announced that it priced the public offering and sale of 135 million shares of its common stock at a price of $5.15 per share. The Company granted to the underwriters a 30-day option to purchase up to an additional 20.25 million shares. In a concurrent offering, the Company priced $450 million in aggregate principal amount of 2.00% convertible senior notes due 2020. The Company granted the underwriters a 30-day option to purchase up to an additional $50 million in aggregate principal amount of notes.
Should MTG Buy After The Recent Movement? Let’s Find out Here
General Electric Company (NYSE:GE) went up 0.34% and closed at $23.67. General Electric Company and Sakhalin authorities have agreed to a deal where GE will provide power for a variety of projects on the Russian island as it seeks to increase its economic development. Sakhalin is Russia’s largest island, off the east coast of the country. It is attempting to further its development with a variety of projects to help meet future demand. However, the island needs electricity and equipment to power these projects.
Should GE Buy After The Recent Movement? Let’s Find out Here
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