News Buzz: Penn National Gaming, Legg Mason, Intersil Corp, Textron

Lakeway, TX -- (SBWIRE) -- 03/06/2013 -- Bestdamnpennystocks, 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:-

Penn National Gaming, Inc (NASDAQ:PENN) shares jumped 2.94% and closed at $51.11 in the last trading session. The company announced that members of its management team will participate at the J.P. Morgan Gaming, Lodging, Restaurant & Leisure Management Access Forum at the Mandarin Oriental in Las Vegas on March 7. Fireside chat and management Q&A with Bill Clifford, Chief Financial Officer, at 8:15 a.m. PT (11:15 a.m. ET) followed by a group meeting with institutional investors.

How Should Investors Trade PENN After The Recent Volatile Moves? Find Out Here

Legg Mason, Inc. (NYSE:LM) shares jumped 2.86% and closed at $29.18 in the last trading session. The company’s chief financial officer yesterday said the Baltimore fund firm may trim the number of funds it offers, and the 32 offices it operates, but does not expect major cost-cuts like those it already made in recent years. Legg Mason CFO Pete Nachtwey said the firm will provide more details of ongoing reviews in coming months. He spoke at a financial conference in Boston sponsored by Citigroup Inc, which was webcast.

Is LM Showing Any Sign of Buy At The Current Market Price? Get Our Free Trend Analysis Here

Intersil Corp (NASDAQ:ISIL) shares gained 2.79% and closed at $8.47 in the last trading session. The company recently said it will demonstrate new thermocouple and strain gauge designs using a convenient "DAQ on a Stick" at Embedded World 2013. The "DAQ on a Stick" is a reference design highlighting Intersil's precision products with different microcontrollers. The reference designs are self-contained demonstrations showing a complete signal chain solution using Intersil parts and an Energy Micro EFM32 Leopard Gecko microcontroller.

Can ISIL Rebound After The Recent Slump and Investors Can Make Money? Find Out Here

Textron Inc. (NYSE:TXT) shares gained 2.76% to $29.43. The company, last month, announced, it will settle the Conversion Obligation of its 4.5% Convertible Senior Notes due May 1, 2013 (CUSIP #883203BN0) (the "Notes") with a combination of cash and shares of Common Stock. Pursuant to the terms of the Indenture, dated as of September 10, 1999, between Textron and The Bank of New York Mellon Trust Company, N.A., as Trustee, as supplemented by the Supplemental Indenture, dated as of May 5, 2009 (the "Indenture"), the Notes are currently convertible at the holder's discretion and will remain convertible through the close of business on April 29, 2013, the second trading day preceding their May 1, 2013 maturity date.

Is TXT Ready To Move Back To New Highs This Year? Find Out Here

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