Stamford, CT -- (SBWIRE) -- 02/15/2013 -- OTC Stock Picks is engaged in providing the most up to date and useful information on Best Penny Stocks poised to breakout. Our newsletter alerts the market with picks that Wall Street stock traders have ignored or haven’t found out about yet. These are the awesome penny stocks that the ‘underground penny stock experts’ brag about in our penny stock blogs.
On Friday one of the most active stocks, Herbalife Ltd. (NYSE:HLF) shares surged following documents showed corporate raider Carl Icahn's major stake in the Los Angeles-located manufacturer of nutritional foods and supplements.
Shortly following the opening bell on Friday, Herbalife (HLF) shares surged over 12%, and were hanging around $43.23.
How Herbalife gain investors’ attention on Friday? Get your answers here
A regulatory filing on Thursday indicated that Icahn has given $214 million for 14 million Herbalife stock, or 13% of the firm.
On Dec. 20, Ackman charged Herbalife of being a pyramid scheme that deceives providers of its products. He declared a $1-billion “short” next to the firm, a huge bet that its stock would fall.
Herbalife shares declined following Ackman's presentation. The firm declared a public-relations counter-attack and boosted a share repurchase.
Icahn thinks that the firm has a legitimate business model, with promising long-term opportunities for development, as per reported by the filing.
How Syntroleum Corp has gained investors’ confidence and how its shares reacted? Find in this report
Syntroleum Corp (NASDAQ:SYNM) was under investors focus on Friday trading session, as on last check the stock was trading at 4.81% after opening at 0.51 with surging volume of 1.81 million.
The stock was analyzed for past five days and showed robust change of 5.25% while its past one month trend showed positive change of 26.55%. The stock past three months trend was tracked down and showed positive change of 2.98%.
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