Orlando, FL -- (SBWIRE) -- 10/09/2013 -- 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 NQ Mobile Inc (ADR) (NYSE:NQ), Suntech Power Holdings Co., Ltd. (ADR)(NYSE:STP).
NQ Mobile Inc (ADR) (NYSE:NQ) shares declined 5.83% to $19.70. The company on Oct. 7 announced that it proposes to offer up to US$150 million in aggregate principal amount of convertible senior notes due 2018 (the "notes"), subject to market conditions and other factors. The Company intends to grant to the initial purchasers, Morgan Stanley & Co.International plc and Deutsche Bank Securities Inc., a 30-day option to purchase up to an additional US$22.5 million principal amount of notes. The notes will be convertible into NQ's American depositary shares ("ADSs"), each representing, as of the date of this press release, five Class A common shares of NQ.
Additionally, the company on Sept. 30 has received top honors in three categories of the BIG Awards for Business. Along with Company of the Year, NQ Mobile Chief Product and Commercial Officer Gavin Kim was named Executive of the Year and the company's flagship NQ Mobile Security(TM) app took Product of the Year.
Are investors worried about the recent updates with NQ? Find out with a free trend analysis HERE
Suntech Power Holdings Co., Ltd. (ADR)(NYSE:STP) shares gained 5.59% to $1.70. The company on Sept. 23 announced that on September 19, 2013, the Company received notice that the Court of Brindisi (Italy) issued a ruling to seize additional solar parks constructed by investee companies of Global Solar Fund S.C.A. SICAR ("GSF").
Additionally, the company on Sept. 13 announced a change in senior management, with Mr. David King stepping down as CEO and acting CFO and Mr. Zhou Weiping assuming the roles of interim CEO and interim CFO with immediate effect.
Is STP going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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