Orlando, FL -- (SBWIRE) -- 10/23/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On SolarCity Corp (NASDAQ:SCTY), Yelp Inc (NYSE:YELP).
SolarCity Corp (NASDAQ:SCTY) shares increased 3.79% to $59.70. The company on Oct. 16 announced the pricing of offerings of 3,400,000 shares of common stock at a price of $46.54 per share and $200.0 million aggregate principal amount of its 2.75% convertible senior notes due 2018 in concurrent underwritten registered public offerings. In addition, SolarCity has granted the underwriters a 30-day option to purchase up to an additional 510,000 shares of common stock and $30.0 million in aggregate principal amount of the notes. The sale of the shares of common stock and the notes are expected to close on October 21, 2013, subject to the satisfaction of customary closing conditions.
Are investors worried about the recent updates with SCTY? Find out with a free trend analysis HERE
Yelp Inc (NYSE:YELP) stock decreased 2.32% to $69.41. The company announced that it will issue its financial results for the third quarter ended September 30, 2013 after the market close on Tuesday, October 29, 2013. Yelp will host a conference call to discuss the results at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time) on the same day.
Additionally, YELP’s price target has been raised by the Cowen and Company to $80 from its earlier target of $60 on Oct. 2 as the analyst pointed out that company’s ad sales growth picture looks very strong after conversing with the management.
Is YELP going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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