Hot Stocks: Cirrus Logic, Sothebys, Turquoise Hill Resources Ltd, Precision Drilling Corp

Lakeway, TX -- (SBWIRE) -- 03/05/2013 -- 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:-

Cirrus Logic, Inc. (NASDAQ:CRUS) shares decreased 2.82% and closed at $22.73 in the last trading session. Law Offices of Howard G. Smith announces that a class action lawsuit has been filed in the United States District Court for the Southern District of New York on behalf of all purchasers of the common stock of Cirrus Logic, Inc. between July 31, 2012 and October 31, 2012, inclusive.

How Should Investors Trade CRUS After The Recent Movement? Find Out Here

Sothebys (NYSE:BID) shares fell 2.74% and closed at $39.07. The company, on Feb. 28, reported fourth quarter net income of $66.1 million or $0.96 per share, as compared to $71.5 million or $1.04 per share for the year-ago quarter. Revenue for the fourth quarter rose to $291.12 million from $284.45 million a year ago. Analysts expected the company to earn $1.09 per share on revenue of $278.84 million for the fourth quarter.

Is BID Strong Buy After The Recent Strong Gains? Get Free Trend Analysis Here

Turquoise Hill Resources Ltd (USA) (NYSE:TRQ) shares decreased 2.69% and closed at $6.87. The company, on Feb. 13, announced that it has signed a binding agreement with Sumeru Gold BV for the sale of the Company's 50% interest in Altynalmas Gold Ltd (Altynalmas) for a total cash consideration of $300 million. Completion of the proposed transaction is subject to customary closing conditions, including regulatory approvals from the Republic of Kazakhstan's competent authorities. The transaction is expected to close in the second quarter of 2013.

Is TRQ a Buying Opportunity After The Recent Plunge? Don’t Miss Out Our Latest Report Here

Precision Drilling Corp (USA) (NYSE:PDS) shares decreased 2.69% and closed at $7.96. The company, on Feb. 14, announced that it has declared a first quarter dividend on its common shares of $0.05 per common share, payable on March 15, 2013, to shareholders of record on February 28, 2013. The company is a provider of contract drilling and completion and production services primarily to oil and natural gas exploration and production companies in Canada and the United States.

How Should Investors Trade PDS After The Latest Earnings Report? Find Out Here

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