Dallas, TX -- (SBWIRE) -- 03/13/2013 -- 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:-
Gafisa SA (ADR) (NYSE:GFA) went down 3.70% and closed at $4.16 on a traded volume of 4.26 million shares. The Company released fourth quarter results. Gafisa Group unit deliveries increased 43% to 9,378 in 4Q12. The unit deliveries increased 20% y-o-y and exceeded the upper end of full-year guidance. Consolidated free cash generation was positive at R$381 million in 4Q12. Consolidated sales velocity reached 20% in 4Q12.
How Should Investors Trade GFA After The Recent Price movement? Find out Here
Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) went down 3.70% and closed at $8.32 on a traded volume of 4.89 million shares. So far this year, the stock is down over 6%. The 52-week range for the stock is $1.73 and $13.50. Arena Pharmaceuticals, Inc. is a clinical-stage biopharmaceutical company focused on discovering, developing and commercializing oral drugs that target G protein-coupled receptors (GPCRs), in four therapeutic areas: cardiovascular, central nervous system, inflammatory and metabolic diseases.
Is ARNA a Strong Buying Opportunity After The Recent Slump? Find out Here
Hovnanian Enterprises, Inc. (NYSE:HOV) slipped 3.70% and closed at $5.72 on a traded volume of 5.82 million shares. The 52-week range for the stock is $1.52 and $7.43. The Company has Price/Sales ratio of 0.53. The 50-Day Moving Average and 200-Day Moving Average prices is $5.78 and $5.02 respectively.
Is HOV a Buy After The Latest Price Action? Find Out Here
Cadence Design Systems Inc. (NASDAQ:CDNS) decreased 3.64% and closed at $14.05 on a traded volume of 8.68 million shares. Cadence Design Systems, Inc. has entered into a definitive agreement to acquire Tensilica, Inc. for approximately $380 million in cash. Tensilica had approximately $30 million of cash as of December 31, 2012. Further expanding Cadence's IP portfolio, Tensilica provides configurable dataplane processing units that are optimized for embedded data and signal processing targeted at mobile wireless, network infrastructure, auto infotainment and home application.
Is CDNS a Buy After The Latest Price Action? Find Out Here
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