Investors Recap: Red Robin Gourmet Burgers, ReneSola Ltd, Magnachip Semiconductor Corp, Nanosphere

Lakeway, TX -- (SBWIRE) -- 02/20/2013 -- 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:-

Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) shares climbed 18.88% and closed at $43.33 after the company yesterday announced that J. Taylor Simonton and Marcus L. Zanner are retiring from its Board of Directors. Mr. Simonton will retire and will not seek re-election at the Company's annual stockholder meeting in May 2013.

Additionally, for the quarter ended Dec. 30, Red Robin reported net income of $6.5 million, or 45 cents per share, compared with $2.9 million, or 20 cents per share, a year ago. Adjusted net income was $8.4 million for the quarter. Revenue for company-operated restaurants climbed 16 percent for the quarter to $240.7 million, compared with $206 million a year ago.

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

ReneSola Ltd. (ADR) (NYSE:SOL) shares climbed 11.55% and closed at $2.80. The 52 week trading range for the company is $1.08 - $3.11. The shares of the company gained 43% in the last one year. The company is a global manufacturer of solar wafers and producer of solar power products based in the People's Republic of China. ReneSola possess a global network of suppliers and customers that includes some of the global manufacturers of solar cells and modules.

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

Magnachip Semiconductor Corp (NYSE:MX) stock jumped 9.10% to $17.50. On Feb. 13, MagnaChip and ELAN Microelectronics ("ELAN"), announced that they have begun to ramp production of ELAN's EEPROM touchpad products utilizing MagnaChip's advanced 0.18um manufacturing process technology. MagnaChip's 0.18um EEPROM process features a patented side-wall selective transistor cell (SSTC) structure driving multiple voltage levels from 1.8V, 1.8V+3.3V and 1.8V+5.0V.

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Nanosphere, Inc. (NASDAQ:NSPH) shares gained 7.53% to $2. The company, on Feb. 13, disclosed in a regulatory filing that it terminated without cause President and Chief Executive William Moffitt's employment last week. Mr. Moffitt, as well as three other directors, have resigned from the Board. February 13, 2013, the Company said it has promoted Michael K. McGarrity, most recently its Chief Commercial Officer, to the post of CEO. Mr. McGarrity, as well as Sheli Z. Rosenberg and Michael J. Ward, have been appointed to Nanosphere's Board. Ms. Rosenberg also was appointed to serve as the Board's Chairman.

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

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