Hot Stocks (Frontline Ltd, Millennial Media, Boyd Gaming Corporation, NII Holdings)

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:-

Frontline Ltd. (NYSE:FRO) declined 6.57% and closed at $1.85 on a traded volume of 1.83 million shares. Imperial Capital started coverage on Frontline Ltd. to underperform rating. Frontline Ltd. is a shipping company. The Company is engaged primarily in the ownership and operation of oil tankers and oil/bulk/ore carriers.

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

Millennial Media, Inc. (NYSE:MM) moved down 6.25% and closed at $8.40 on a traded volume of 2.43 million shares. Needham & Company assumed coverage on Millennial Media in a note issued to investors. The firm set a hold rating on the stock. Millennial Media, Inc. is a mobile advertising platform company. Millennial Media technology, tools and services help developers maximize their advertising revenue.

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

Boyd Gaming Corporation (NYSE:BYD) went down 5.82% and closed at $6.96 on a traded volume of 5.12 million shares. The Company reported fourth quarter net revenues of $625.8 million, from $606.7 million during the same quarter in 2011. Total Adjusted EBITDA was $100.9 million compared to $114.3 million in prior year quarter.

The Company also announced that it has entered into a definitive agreement to sell the Echelon site on the Las Vegas Strip to the Genting Group for $350 million in cash.

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

NII Holdings, Inc. (NASDAQ:NIHD) moved down 5.77% and closed at $4.74 on a traded volume of 4.39 million shares. The Company reported fourth quarter net loss of $592.9 million or $3.45 per share compared with net income of $3.2 million, or 2 cents per share in the prior year period. The revenue was $1.47 billion from $1.6 billion in the prior year period.

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

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