Investors Buzz: Progenics Pharmaceuticals, Rackspace Hosting, RadioShack Corporation, McEwen Mining

Lakeway, TX -- (SBWIRE) -- 03/18/2013 -- 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:-

Progenics Pharmaceuticals, Inc.(NASDAQ:PGNX) shares increased 3.21% to $4.50. The company on Mar. 15 announced its earnings results. The company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.31) by $0.30. The company posted revenue of $8.87 million for the quarter, compared to the consensus estimate of $1.16 million.

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

Rackspace Hosting, Inc.(NYSE:RAX) shares gained 4.49% to $53.60 in the morning hour. The company, on Mar. 13, announced it has received global security certifications and compliance verifications for Service Organization Controls SOC 2 Type II and SOC 3, in addition to complying with the ISO 27001 standard. These credentials demonstrate Rackspace's commitment to delivering a secure, open cloud experience for customers.

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

RadioShack Corporation (NYSE:RSH) shares climbed 7.06% to $3.79. The company, on Mar. 4, announced in accordance with New York Stock Exchange rules that it has made inducement grants of 500,000 shares of restricted stock and options to purchase 2,500,000 shares of common stock to Joseph C. Magnacca, its new chief executive officer. Mr. Magnacca officially joined RadioShack as chief executive officer on February 11, 2013.

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McEwen Mining Inc(NYSE:MUX) shares jumped 3.64% to $2.85. The company, on Mar. 18, announced that year-end 2012 mineral resource and reserve estimates and the grades for both gold and silver have increased from 2011 for the San José mine (49% owned by McEwen Mining). Of particular interest, the mineral resource estimates have increased to a record level. The mineral reserve and resource estimates were calculated using US$1,200 per ounce gold and US$20 per ounce silver. The estimates were independently audited by P&E Mining Consultants Inc.

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

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