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:-
Lexington Realty Trust (NYSE:LXP) slipped 2.49% and closed at $11.75 on a traded volume of 17.20 million shares. The Company has commenced an underwritten registered public offering of 15 million common shares. The Company also plans to grant the underwriters of the offering a 30-day option to purchase up to an additional 2.25 million common shares. Lexington said it expects to use about $137.9 million of the net proceeds of the offering to repay all of the outstanding borrowings under its unsecured revolving credit facility and the balance for general corporate purposes.
Is LXP a Strong Buy After The Recent Gain? Let’s Find out Here
Clean Energy Fuels Corp (NASDAQ:CLNE) slipped 2.49% and closed at $13.73 on a traded volume of 1.76 million shares. Chesapeake Energy Corp. is selling as much as $7 billion in assets this year to plug a cash shortfall, may sell part of its stake in Clean Energy Fuels Corp.
Ascendiant Capital initiated coverage on Clean Energy Fuels Corp. with a buy rating and $15.50 price target.
Is CLNE a Strong Buying Opportunity After The Recent Slump? Find out Here
Peregrine Pharmaceuticals (NASDAQ:PPHM) went down 2.47% and closed at $1.58 on a traded volume of 3.24 million shares. The Company reported third quarter loss of $4.9 million or 4 cents per share from loss of $11.1 million or 13 cents per share in the prior year period. Revenue grew to $7 million from $3.3 million over the three months ended January 31. Analysts forecast a loss of 7 cents per share on $4.1 million in revenue, according to FactSet.
Should Investors Consider PPHM After The Recent price Action? Get Free Trend Analysis Here
Strategic Hotels and Resorts Inc. (NYSE:BEE) declined 2.42% and closed at $7.67 on a traded volume of 5.26 million shares. Strategic Hotels & Resorts, Inc. along with certain affiliates of Blackstone Real Estate Partners VI L.P. announced that it has closed on a $475 million loan secured by the Hotel del Coronado. This new financing replaces the $425 million financing previously encumbering the property.
Should Investors Consider BEE After The Recent price Action? Get Free Trend Analysis Here
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