Hot Stocks: iParty Corp., GMX Resources, MGIC Investment Corp., Seven Arts Entertainment

Lakeway, NY -- (SBWIRE) -- 03/04/2013 -- 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:-

iParty Corp. (NYSEAMEX:IPT) shares soared 179.41% and closed at $0.428 in the last trading session. iParty Corp and Party City Holdings Inc., on Mar. 1, announced that they have entered into a definitive merger agreement under which Party City will acquire iParty for $0.45 per share of iParty Common Stock and the greater of liquidation preference or conversion value for each share of iParty Preferred Stock, in cash. The purchase price for iParty Common Stock represents a 200% premium over the closing price of iParty Common Stock as of February 28, 2013. The transaction is currently expected to close during the second quarter of 2013. Under the Merger Agreement, iParty will actively solicit superior proposals from third parties for a period of 30 days continuing through March 31, 2013.

Is IPT a Strong After The recent price Movement? Let’s Find out Here

GMX Resources Inc. (NYSE:GMXR) shares gained 28.63% to $3.10. The company, on Feb. 25, said it is continuing to explore and evaluate options for its capital needs, as well as continuing to evaluate and finalize its 2013 budget for capital expenditures based on its available liquidity. In connection with its evaluation, the Company has retained Jefferies & Company Inc., a financial advisor, to assist the Board and senior management in its ongoing exploration of a variety of financing alternatives, including a potential restructuring of the Company's balance sheet in light of its current liquidity and cash needs.

Is GMXR a Strong Buying Opportunity After The Recent Slump? Find out Here

MGIC Investment Corp. (NYSE:MTG) shares jumped 27.18% to $3.79. The company, on Feb. 28, reported a net loss for the quarter ended December 31, 2012 of $386.7 million, compared with a net loss of $135.3 million for the same quarter a year ago. Diluted loss per share was $1.91 for the quarter ending December 31, 2012, as compared to diluted loss per share of $0.67 for the same quarter a year ago.

Is MTG Signaling a Buy Signal After The recent Volatility? Let’s Find out Here

Seven Arts Entertainment Inc (PINK:SAPX) shares increased 19.64% to $0.0067. The company, on Feb. 20, announced its results of operations for the quarter ended December 31, 2012. The Company recorded a gross loss of ($84,288) on total revenue of $182,797 for the quarter ended December 31, 2012 compared to a gross loss of ($412,686) on revenues of $207,790 for the quarter ended December 31, 2011. The Company's net loss increased to ($1,799,894) from ($1,099,422) principally because of two start-up businesses and an increase of interest expense to $933,939 from $328,942, primarily as interest on the loan utilized for the leasehold improvements at the Company's post production facility at 807 Esplanade Avenue in New Orleans was not included in the 2011 expense.

Is SAPX a Strong Buying Opportunity After The Recent Gain? Find out Here

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