Lakeway, NY -- (SBWIRE) -- 03/12/2013 -- 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:-
Bed Bath & Beyond Inc. (NASDAQ:BBBY) shares jumped 2.44% and closed at $60.82 in the last trading session. Bed Bath & Beyond Inc shares could rise 25 percent over the next year on strong profit and a higher multiple, but could fetch a 43-percent premium in an acquisition, Barron's said recently. There is no indication that the retailer is looking to sell itself, Barron's said in its March 11 edition. It just noted that the company's retailing acumen and financial strength would appeal to private equity investors or even Berkshire Hathaway Inc.
How Should Investors Trade BBBY After The Recent Price movement? Find out Here
ZIOPHARM Oncology Inc. (NASDAQ:ZIOP) shares climbed 2.38% and closed at $5.16. The company, on Mar. 11, announced the initiation of a randomized, open label Phase 2 clinical study of Ad-RTS IL-12 in combination with palifosfamide to treat patients with non-resectable recurrent or metastatic breast cancer. The two-part, multi-center U.S. study will enroll up to 68 patients with non-resectable, recurrent or metastatic breast cancer who have visible lesions or lesions accessible by injection.
Is ZIOP a Strong Buying Opportunity After The Recent Slump? Find out Here
Sony Corporation (ADR) (NYSE:SNE) shares climbed 2.37% and closed at $15.96. The company, on Mar. 5, announced that it has decided to sell 17,722,500 shares of DeNA Co Ltd to Nomura Securities Co Ltd, for JPY 43.5 billion, effective March 7, 2013.
Additionally, the company, Feb. 20, announced that it has decided to sell 95,000 shares (a 6.0% stake) in M3 Inc to Deutsche Securities Inc., on February 25, 2013. As a result, Sony will hold 791,908 shares (a 49.8% stake) in M3 Inc, down from 886,908 shares (a 55.8% stake). The transaction price is not disclosed.
Is SNE a Buy After The Latest Price Action? Find Out Here
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