Lakeway, NY -- (SBWIRE) -- 03/19/2013 -- ThePennyStockProfiler.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:-
Ironwood Pharmaceuticals, Inc. (NASDAQ:IRWD) shares fell 1.91% and closed at $18.49. IRWD’s stock had its price target lifted by Cantor Fitzgerald from $7.00 to $12.00 in a research note released on Mar. 15. They currently have a sell rating on the stock.
Additionally, the company, on Mar. 4, announced the appointment of Edward Owens to its board of directors. Mr. Owens is a recently retired partner, portfolio manager and global industry analyst with Wellington Management Company, LLP. Mr. Owens started at Wellington in 1974 and served as portfolio manager for the Vanguard Health Care Fund from its inception in May 1984 until his retirement in December 2012.
How Should Investors Trade IRWD After The Recent Price movement? Find out Here
Cadence Design Systems Inc (NASDAQ:CDNS) stock dropped 2.30% to $13.60. CDNS’s stock was downgraded by investment analysts at DA Davidson from a “buy” rating to a “neutral” rating in a note issued to investors last week.
Additionally, the company, on Mar. 11, announced that it has entered into a definitive agreement to acquire Tensilica, Inc., a leader in dataplane processing IP, for approximately $380 million in cash. Tensilica had approximately $30 million of cash as of December 31, 2012.
Is CDNS a Strong Buying Opportunity After The Recent Slump? Find out Here
Stillwater Mining Company (NYSE:SWC) shares declined 2.28% and closed at $12.41. The company, on Feb. 28, reported 2012 net income of $55.0 million, or $0.46 per diluted share, on revenues of $800.2 million, compared to net income attributable to common stockholders of $144.3 million, or $1.30 per diluted share, on revenues of $906.0 million in 2011.
Additionally, , J.P. Morgan on Mar. 4 reiterated its Overweight rating and $19.00 price target on Stillwater Mining Company.
How Should Investors Trade SWC After The Recent Price movement? Find out Here
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