New York, NY -- (SBWIRE) -- 12/31/2013 -- PennyStockChronicle covers the breadth of the markets, from NASDAQ, NYSE, AMEX, ETF, Penny Stocks, Emerging Markets, activities at the Fed and more. PennyStockChronicle brings you the most vibrant coverage of following stocks: The Blackstone Group L.P. (NYSE:BX), Cooper Tire & Rubber Co (NYSE:CTB), Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL), Abbott Laboratories (NYSE:ABT)
Crocs declared that The Blackstone Group L.P. (NYSE:BX) is pumping $200M into the footwear firm in the form of a preferred stock investment, giving the private-equity firm a 13% ownership stake in Crocs and two seats on its board. Shares traded almost flat on Monday. Crocs aims to use the funds towards a $350 million stock repurchase.
Can Investors Bet on BX after this News update? Find out in this Research Report
Shares of Cooper Tire & Rubber Co (NYSE:CTB) surged over 3.88% on Monday after it cut its $2.2B merger contract with Indian suitor Apollo Tyres Ltd., bringing an end to a deal that had unraveled in recent months.
Is CTB a Solid Investment at These Levels? Read This Report For Details
Cracker Barrel Old Country Store, Inc. (NASDAQ:CBRL) plunged -0.68% on Monday after it declared that it rejected activist investor Sardar Biglari's call to begin a process to sell the restaurant and store chain operator. In its place, Cracker Barrel reported that it considers continuing with its current business plan is best for the company and its shareholders.
How Should Investors Trade CBRL Now? Don’t Miss out a Special Trend Analysis
Stocks of Abbott Laboratories (NYSE:ABT) dropped on Monday as it has decided to pay around $5.5M to settle kickback allegations, the U.S. Justice Department said Friday. The department reported that Abbott paid physicians for speaking engagements, among other things, under the anticipation that the doctors would then arrange for their affiliate hospitals to buy Abbott's carotid, biliary and peripheral vascular products.
What ABT’s Charts Are Signaling for Traders? Find Out Here
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