Dallas, TX -- (SBWIRE) -- 03/11/2013 -- Marketbuzzreport.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:-
Suntech Power Holdings Co., Ltd. (ADR) (NYSE:STP) shares jumped 3.28% to $1.26. The company, on Mar. 4, announced that Ms. Susan Wang has been appointed chairwoman of the board of directors, effective immediately. A director of Suntech since April, 2009, Ms. Wang replaces Dr. Zhengrong Shi, who will remain a director of Suntech. The board thanks Dr. Shi for his contributions as chairman.
How Should Investors Trade STP After The Recent Price movement? Find out Here
American Axle & Manufact. Holdings, Inc. (NYSE:AXL) shares jumped 3.27% and closed at $13.26 in the last trading session. The company, on Mar. 1, announced the interim results of the previously announced tender offer and consent solicitation by its subsidiary, American Axle & Manufacturing, Inc. As of 5:00 p.m., New York City time, on February 28, 2013 (the "Early Tender Time"), a total of $172.6 million principal amount of the Company's 7.875% senior notes due 2017 had been tendered and the related consents delivered.
Is AXL a Strong Buying Opportunity After The Recent Slump? Find out Here
EnteroMedics Inc (NASDAQ:ETRM) stock jumped 3.37% to $0.950. The company, on Feb. 27, announced the closing of its previously announced public offering of 13,770,000 shares of its common stock and warrants to purchase 5,508,000 shares of its common stock. Each share of common stock sold in the offering was sold with a warrant to purchase 0.40 of a share of common stock at an aggregate price to the public of $0.95 per share and corresponding warrant. Total net proceeds to the Company from the offering are approximately $12.0 million after deducting underwriting discounts and commissions and estimated offering expenses.
Is ETRM a Buy After The Latest Price Action? Find Out Here
Dean Foods Company (NYSE:DF) shares gained 3.24% to $17.83 after Credit Suisse upgraded shares of DF from a neutral rating to an outperform rating in a research report released on Mar. 6. Credit Suisse currently has $21.00 price target on the stock, up from their previous price target of $18.00.
Additionally, the company, on Feb. 13, reported a net profit of $37 million, or 20 cents per share, for the quarter ended December. Total operating costs and expenses fell 15 percent to $644.9 million. Revenue rose 3 percent to $3 billion. Additionally, the company also forecasted a first-quarter profit of 22 cents to 27 cents per share. The company said it would cut fixed costs by closing 10 to 15 percent of its plants and eliminating many distribution routes.
Is DF a Buy After The Latest Price Action? Find Out Here
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