Lakeway, TX -- (SBWIRE) -- 03/14/2013 -- 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:-
Vipshop Holdings Ltd - ADR(NYSE:VIPS) shares increased 5.97% to $25.94 after the company today announced that the follow-on public offering of an aggregate of 7,200,000 American depositary shares (ADSs) by the Company and certain selling shareholders was priced at USD24.00 per ADS. 4,000,000 ADSs are being offered by the Company and an aggregate of 3,200,000 ADSs are being offered by the selling shareholders.
Additionally, VIPS stock had its price target lifted by Oppenheimer from $15.00 to $30.00 in a research report sent to investors this week. The firm currently has an outperform rating on the stock.
How Should Investors Trade VIPS After The Recent Movement? Find Out Here
Sarepta Therapeutics Inc(NASDAQ:SRPT) shares grew 3.60% to $32.19. The company, on Mar. 7, reported a fourth quarter net loss of $62.1 million or $2.36 per share, compared to a net loss of $1.4 million or $0.06 per share for the year-ago quarter. Analysts expected the company to report a loss of $0.29 per share on revenue of $6.71 million for the fourth quarter. Revenue for the fourth quarter fell to $7.3 million from the $13.6 million a year ago.
Is SRPT Strong Buy After The Recent Strong Gains? Get Free Trend Analysis Here
MGM Resorts International(NYSE:MGM) shares gained 6.29% to $13.19 after after Kirk Kerkorian’s Tracinda Corp. said it may boost its stake in the casino operator by more than a third to as much as 25 percent. Tracinda, which currently owns 18.6 percent of MGM, made the disclosure with the Federal Trade Commission to comply with antitrust regulations, according to a securities filing yesterday.
Is MGM a Buying Opportunity After The Recent Plunge? Don’t Miss Out Our Latest Report Here
Cheniere Energy, Inc.(NYSEAMEX:LNG) shares climbed 4.49% to $24.91. The company on March 5, had filed applications with the federal government to add an additional 9 million metric tons of annual gas export capacity at the liquefied natural gas export terminal it is building in Sabine Pass, La.
Additionally, the company posted last month the fourth quarter net loss of $63.52 million, wider than the prior-year loss of $7.46 million. Adjusted loss was $18.4 million. On a per share basis, loss recorded was $0.06 versus a profit of $0.30 last year. Total revenue for the quarter declined to $67.3 million from $70.82 million.
How Should Investors Trade LNG After The Latest Earnings Report? Find Out Here
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.
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.
Copyright © 2005-2013 - SBWire, The Small Business Newswire - All Rights Reserved - Important Disclaimer
Contact Us: 888-4-SBWIRE (US) - 920-321-1250 (International)