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:-
IAMGOLD Corporation (USA) (NYSE:IAG) shares increased 5.31% to $6.55. The company, on Mar. 4, announced that to reinforce an already strong financial position and improve its return on capital, the Company has initiated a program to reduce annualized spending by $100 million. This will be achieved through cost-cutting initiatives aimed at reducing mine operating costs, exploration expenditures and mine site and corporate general and administrative costs. The Company ended 2012 with over $1 billion in cash and gold bullion.
Is IAG a Strong Buy After The Recent Gain? Let’s Find out Here
Vertex Pharmaceuticals Incorporated (NASDAQ:VRTX) shares jumped 5.26% and closed at $52.81 in the last trading session. VRTX‘s stock had its “sell” rating restated by equities researchers at TheStreet in a report issued on Mar. 4.
Is VRTX a Strong Buy After The Recent Gain? Let’s Find out Here
Metlife Inc (NYSE:MET) shares climbed 4.89% to $39.03. The company, on Mar. 9, said former Commerce Secretary Carlos Gutierrez, has joined the board of directors as the company faces increased oversight from federal regulators. Gutierrez, 59, stepped down last month as vice chairman of Citigroup Inc. (C)’s institutional client group.
Additionally, the company, on Mar. 5, announced that it has strengthened its strategic partnership with the Hispanic National Bar Association (HNBA) through its continued sponsorship of the HNBA National Mentorship Program. MetLife partnered with the HNBA to develop the program that connects HNBA members and law students in their local region.
Is MET a Strong Buying Opportunity After The Recent Slump? Find out Here
GMX Resources Inc. (NYSE:GMXR) shares gained 4.52% to $3.24. The company, on Mar. 4, announced that has been notified by the New York Stock Exchange (the "NYSE") that it is not in compliance with one of the continued listing standards of the NYSE.
Additionally, the company, on Feb. 25, said it is continuing to explore and evaluate options for its capital needs, as well as continuing to evaluate and finalize its 2013 budget for capital expenditures based on its available liquidity.
Should Investors Consider GMXR After The Recent price Action? Get Free Trend Analysis Here
MetroPCS Communications Inc (NYSE:PCS) shares jumped 2.22% and closed at $10.59 in the last trading session. The company, on Mar. 5, announced that the required waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 in connection with the Company's proposed combination with T-Mobile USA, Inc., a wholly-owned subsidiary of Deutsche Telekom (XETRA: DTE; "Deutsche Telekom"), has expired. The proposed combination remains subject to MetroPCS stockholder approval, as well as certain other regulatory approvals and customary closing conditions. MetroPCS expects the proposed combination with T-Mobile to be completed shortly following the meeting of stockholders.
Should Investors Consider PCS After The Recent price Action? Get Free Trend Analysis Here
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