Kolkata, West Bengal -- (SBWIRE) -- 09/30/2013 -- Specialpennystockalert.com, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on Xylem Inc (NYSE:XYL), Sohu.com Inc (NASDAQ:SOHU), Ultra Petroleum Corp.(NYSE:UPL).
Xylem Inc (NYSE:XYL) shares decreased 0.85% to $27.99. The company on Sept. 26 announced that it has won a contract worth RMB 11.48 million (U.S. $1.87 million) to provide an ozone generation and introduction system to help ensure a safe municipal water supply in the Jinshan district of Shanghai. The company will provide its WEDECO-branded ozone generation and introduction system as well as the accompanying accessories.
Should Investors Buy XYL After Yesterday’s Jump? Find Out Here
Sohu.com Inc (NASDAQ:SOHU) shares declined 0.46% to $75.79. The company on Sept. 18 announced that its majority-owned search subsidiary Sogou Inc., has paid to the holders of Series A Preferred Shares of Sogou a special dividend in the aggregate amount of $300,892,698. Sohu had previously reported in a Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission on Monday, September 16, 2013 that the dividend had been declared by Sogou's board of directors, and that Sogou would pay the dividend using a portion of the net amount of $448 million in cash proceeds from an investment in Sogou by a wholly-owned subsidiary of Tencent Holdings Limited.
Is SOHU A Good Buy After The Recent Price Movement? Find Out Here
Ultra Petroleum Corp.(NYSE:UPL) shares jumped 0.29% to $20.62. UPL‘s stock had its “neutral” rating restated by Zacks in a report issued on Sept. 13. They currently have a $22.00 target price on the stock. Zacks price objective would suggest a potential upside of 6.28% from the company’s current price. Separately, analysts at Canaccord Genuity initiated coverage on shares of Ultra Petroleum in a research note to investors on August 20. They set a “hold” rating and a $22.00 price target on the stock.
Should Investors Buy UPL After Yesterday’s Jump? Find Out Here
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