Lakeway, NY -- (SBWIRE) -- 03/11/2013 -- 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:-
CommonWealth REIT (NYSE:CWH) shares increased 2.12% to $22.18. CWH’s stock had its price target increased by RBC Capital from $18.00 to $20.00 in a research note released on Mar. 6.
Additionally, the company, on Mar. 4, announced that rulings by the United States District Court for the District of Massachusetts issued after the market close today denied two separate motions which sought to enjoin the closing of CommonWealth’s recent equity offering. The motions had been filed by (i) Corvex Management LP and Related Fund Management, LLC and (ii) Delaware County Employees Retirement Fund. Among other reasons for denying both motions, the court found that Corvex/Related and Del-Co failed to meet their burden of showing there was a likelihood that the claims asserted by them regarding the share issuance would succeed.
Is CWH a Strong Buy After The Recent Gain? Let’s Find out Here
Dynavax Technologies Corporation (NASDAQ:DVAX) shares gained 2.09% to $1.95. The company, on Feb. 25, announced that it received a Complete Response Letter (CRL) from the U.S. Food and Drug Administration (FDA or Agency) regarding its Biologic License Application (BLA) for HEPLISAV, an investigational adult hepatitis B vaccine. In the CRL, the FDA specified that the indication in adults 18-70 years of age cannot be approved without further evaluation of safety in this broad age group.
Is DVAX a Strong Buy After The Recent Gain? Let’s Find out Here
Pan American Silver Corp. (USA) (NASDAQ:PAAS) shares climbed 2.09% to $16.15. Esperanza Resources Corp prior last week announced that it has entered into a binding letter agreement with Pan American Silver Corp (Pan American) whereby: Esperanza will acquire a portfolio of advanced stage gold projects.
Additionally, the company, on Feb. 20, announced that the its Board of Directors has approved the first quarterly cash dividend of 2013 and increased the amount of the quarterly cash dividend by 150% to $0.125 per common share, representing dividends of $0.50 per common share on an annual basis assuming the Board of Directors approves future quarterly dividends in this amount.
Is PAAS a Strong Buying Opportunity After The Recent Slump? Find out Here
MetroPCS Communications Inc (NYSE:PCS) shares jumped 2.08% and closed at $10.81. The company, on Mar. 8, announced that MetroPCS Wireless, Inc., an indirect wholly-owned subsidiary, has agreed to sell $1,750,000,000 aggregate principal amount of its 6.250% Senior Notes due 2021 and $1,750,000,000 aggregate principal amount of its 6.625% Senior Notes due 2023 in a private offering.
Should Investors Consider PCS After The Recent price Action? Get Free Trend Analysis Here
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