Hot Movers: Finisar Corporation, Tenet Healthcare Corp, Metlife, United Microelectronics Corp

Lakeway, TX -- (SBWIRE) -- 03/06/2013 -- Bestdamnpennystocks, 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:-

Finisar Corporation (NASDAQ:FNSR) shares jumped 2.81% and closed at $14.66 in the last trading session. The company last week introduced the WaveAnalyzer 1500S High-Resolution Optical Spectrum Analyzer. The WaveAnalyzer 1500S provides a unique combination of ultra-high resolution and high-speed spectral analysis making it ideal for Research & Development as well as Production applications.

The company confirmed that it will announce its fiscal third quarter 2013 financial results for the period ending January 27, 2013, at the close of market on Thursday, March 7, 2013. The announcement will be followed by a conference call with analysts at 2:00 p.m. PST/ 5:00 p.m. EST.

How Should Investors Trade FNSR After The Recent Volatile Moves? Find Out Here

Tenet Healthcare Corp (NYSE:THC) shares climbed 2.78% to $40.24. Jefferies reiterated its Buy rating on THC’s shares on Mar. 4 and raised its price target from $26.00 to $48.00.

Additionally, the company last week reported fourth-quarter net operating revenue of $2.33 billion, up 7.3 percent from $2.17 billion a year ago. Analysts expected revenues of $2.34 billion for the quarter. Net income to common shares for the quarter was $49 million or $0.45 per share, compared with a net loss of $76 million or $0.70 per share in the prior year. Analysts on consensus expected earnings of $0.68 per share for the quarter.

Is THC Showing Any Sign of Buy At The Current Market Price? Get Our Free Trend Analysis Here

Metlife Inc (NYSE:MET) shares climbed 2.76% and closed at $36.43 after the company yesterday 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.

Can MET Rebound After The Recent Slump and Investors Can Make Money? Find Out Here

United Microelectronics Corp (ADR) (NYSE:UMC) shares increased 2.76% and closed at $1.86 in yesterday’s session. The company, last month, announced its unconsolidated operating results for the fourth quarter of 2012. Revenue was NT$26.09 billion, an 8.5% quarter-over-quarter decrease from NT$28.53 billion in 3Q12, and a 6.8% year-over-year increase from NT$24.43 billion in 4Q11. In 2012, revenue for the full year was NT$106.00 billion, with NT$9.08 billion operating income, NT$7.92 billion net income and NT$0.63 earnings per share.

Is UMC Ready To Move Back To New Highs This Year? Find Out Here

About bestdamnpennystocks.com
Best Damn Penny Stocks’ team is engaged in providing stock newsletters on various hot penny stocks on a regular basis. Our instant stock news on Major Gainers, small cap penny stocks and various other stocks, guides investors in making the wise stock market investments decision. In order to get update to the markets, we would advise you sign up to our free newsletters. You can become leader in stock market by keeping track of the daily activity.

Disclaimer
The assembled information disseminated by Bestdamnpennystocks.com is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Bestdamnpennystocks.com does expect that investors will buy and sell securities based on information assembled and presented in Bestdamnpennystocks.com. PLEASE always do your own due diligence, and consult your financial advisor.