Dallas, TX -- (SBWIRE) -- 03/14/2013 -- 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:-
Tripadvisor Inc (NASDAQ:TRIP) shares climbed 2.42% to $52.39. TRIP)‘s stock had its “buy” rating restated by analysts at Deutsche Bank in a research report issued to clients and investors on Mar. 6. They currently have a $52.00 price target on the stock, up from their previous price target of $50.00.
Additionally, the company, on Feb. 13, said its net income for the fourth quarter increased to $33.58 million or $0.23 per share from $22.02 million or $0.16 per share in the year-ago period. Adjusted net income was $41.31 million or $0.29 per share. Total revenues for the quarter grew 23 percent to $169.39 million from $137.80 million in the year-ago quarter.
Is TRIP a Strong Buy After The Recent Gain? Let’s Find out Here
Sealed Air Corp (NYSE:SEE) shares jumped 2.42% and closed at $23.32. The company, on Mar. 7, announced that it intends to offer $425 million aggregate principal amount of senior unsecured notes due 2023 (the "Notes"). Sealed Air intends to use the net proceeds from the offering, along with cash on hand, to repurchase, redeem or satisfy and discharge all of its outstanding 7.875% Senior Notes due 2017.
Additionally, Deutsche Bank reiterated its Hold rating on Kohl's on Mar. 11.
Is SEE a Strong Buying Opportunity After The Recent Slump? Find out Here
Ascena Retail Group Inc (NASDAQ:ASNA) shares gained 2.37% to $19.46 after ASNA) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research note issued on Mar. 13. The firm currently has a $19.50 price target on the stock.
Additionally, the company, on Mar. 4, reported second quarter net income of $47.2 million or $0.29 per share, as compared to $63.7 million or $0.40 per share in the year-ago quarter. Income from continuing operations for the second quarter was $37.8 million or $0.23 per share, as compared to $63.7 million or $0.40 per share in the prior year quarter. Adjusted income from continuing operations for the latest second quarter was $42.9 million or $0.26 per share. Net sales for the quarter increased 44% to $1.24 billion from $862 million in the comparable quarter last year. Analysts expected the company to earn $0.23 per share on revenue of $1.23 billion for the second quarter.
Should Investors Consider ASNA After The Recent price Action? Get Free Trend Analysis Here
PositiveID Corporation (OTC:PSID) shares increased 2.37% and closed at $0.0173. The company, on Mar. 12, issued an update on the progress of its strategic plan to refocus the Company on its patented and patent pending technologies to serve the estimated $3.1 Billion BioWatch Generation 3 program, which is designed to protect the American public from a biological attack. This update is intended to present stockholders with a review of major accomplishments for 2012 and an outlook for 2013.
Should Investors Consider PSID After The Recent price Action? Get Free Trend Analysis Here
Marketbuzzreport.com is engaged in providing the most up to date and useful information on Microcap Stocks poised to breakout. Marketbuzzreport.com also provides investors with trend analysis, detailed company profiles, and most importantly a much needed "informational edge" which can be used as a tool for making investment decisions. To Receive Instant updates in the inbox, readers are advised to sign up for free at http://www.marketbuzzreport.com
The assembled information disseminated by Marketbuzzreport.com is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Marketbuzzreport.com does expect that investors will buy and sell securities based on information assembled and presented in Marketbuzzreport.com. PLEASE always do your own due diligence, and consult your financial advisor.
Copyright © 2005-2013 - SBWire, The Small Business Newswire - All Rights Reserved - Important Disclaimer
Contact Us: 888-4-SBWIRE (US) - 920-321-1250 (International)