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:-
Mechel OAO (ADR) (NYSE:MTL) shares increased 2.44% and closed at $5.46 in the last trading session. GlobeNewswire, on Feb. 19, reported that Mechel OAO has disposed of its Romanian steel assets. Mechel OAO has transferred the shares of all its Romanian assets to the buyer, Romania's Invest Nikarom SRL. The sum of the transaction is for a nominal amount of RON 230 (some USD 70). Invest Nikarom SRL has acquired Mechel OAO's five assets, Ductil Steel SA, Mechel Campia Turzii SA, Mechel Targoviste SA, Mechel East Europe Metallurgical Division SRL, Laminorul SA. In November 2012, due to unfavorable prices in European steel markets linked to rising ferrous scrap prices and weak demand for finished products, production at Mechel OAO's Romanian steel making facilities was temporarily halted.
Is MTL a Strong Buy After The Recent Gain? Let’s Find out Here
Gafisa SA (ADR) (NYSE:GFA) shares gained 2.44% to $4.20. On Feb. 19, Dow Jones reported that Gafisa SA is talking to two local private-equity companies about selling the Alphaville Urbanismo SA project, financial newspaper Valor Economico reported. GP Investments Limited and Hemisferio Sul Investimentos are the companies considering the acquisition valued at BRL1.9 billion ($968 million).
Is GFA a Strong Buying Opportunity After The Recent Slump? Find out Here
Tellabs, Inc. (NASDAQ:TLAB) shares gained 2.42% to $2.12. Under an agreement with its largest stockholder, Third Avenue Management, Tellabs will support the nomination of Alex Mashinsky to the Tellabs Board of Directors at the Company's 2013 Annual Meeting of Stockholders. Tellabs will hold its 2013 Annual Meeting of Stockholders on May 1, 2013 at 2 p.m. Central Daylight Time at Northern Illinois University, 1120 East Diehl Road, Naperville, Ill.
Additionally, CRZO’s stock had its target price increased by BMO Capital Markets from $22.00 to $25.00 in a research note issued to investors last week. The firm currently has a market perform rating on the stock.
Should Investors Consider TLAB After The Recent price Action? Get Free Trend Analysis Here
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