Notable Decliners: NovaGold Resources Inc, Baidu.com, Eaton Vance Corp, Michael Kors Holdings Ltd

Lakeway, NY -- (SBWIRE) -- 02/21/2013 -- 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:-

NovaGold Resources Inc. (USA) (NYSE: NG) went down 5.21% and closed at $4.0. The 52-week range for the stock is $3.61 and $8.98. The Company has Price/Book ratio of 2.31. The 50-Day Moving Average and 200-Day Moving Average prices is $4.56 and $4.74 respectively. NovaGold Resources Inc. is a precious metals company engaged in the exploration and development of mineral properties in North America. The Company has a portfolio of mineral properties located in Alaska, the United States and British Columbia, Canada.

Is NG a Strong Buy After The Recent Gain? Let’s Find out Here

Baidu.com, Inc. (ADR) (NASDAQ:BIDU) slipped 4.05% and closed at $88.45.Recently the Company announced its estimation for the first quarter of 2013.It expects total revenues in an amount ranging from RMB5.890 billion ($945.4 million) to RMB6.080 billion ($975.9 million). The Price/Sales and Price/book ratio is 8.69 and 7.44 respectively. The 50-Day Moving Average and 200-Day Moving Average of the Company is $103.84 and $107.45.

Is BIDU a Strong Buying Opportunity After The Recent Slump? Find out Here

Eaton Vance Corp (NYSE:EV) decreased 5.16% and closed at $38.75. The Company reported adjusted earnings per diluted share of $0.50 for the first quarter of fiscal 2013, an increase of 6% over the $0.47 of adjusted earnings per diluted share in the first quarter of fiscal 2012. The Company earned $0.38 in the first quarter of fiscal 2013. Net inflows were $5.4 billion into long-term funds and separate accounts in the first quarter of fiscal 2013 compare to net outflows of $1.1 billion in the first quarter of fiscal 2012. Consolidated assets under management were $247.8 billion on January 31, 2013.

Should Investors Consider EV After The Recent price Action? Get Free Trend Analysis Here

Michael Kors Holdings Ltd (NYSE:KORS) decreased 5.15% and closed at $61.50. The Company announced the pricing of the secondary offering of 25,000,000 ordinary shares by certain selling shareholders at a price of $61.50 per share. In addition, certain of the selling shareholders have granted the underwriters a 30-day option to purchase up to an additional 3,750,000 ordinary shares. The secondary offering is expected to close on or about February 26, 2013. Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC and Goldman, Sachs & Co. are joint book-running managers

Get latest News, Updates on KORS Here

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