Lakeway, TX -- (SBWIRE) -- 02/27/2013 -- 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:-
SUPERVALU INC. (NYSE:SVU) shares jumped 3.46% and closed at $3.89 in the last trading session. The company, on Feb. 4, named Sam Duncan as its new president and CEO as part of its deal with an investor group led by private-equity firm Cerberus Capital Management L.P. Duncan succeeds Wayen Sales, who will now continue as the executive chairman of the company.
How Should Investors Trade SVU After The Recent Movement? Find Out Here
McEwen Mining Inc (NYSE:MUX) shares gained 3.45% and closed at $2.70. The Company, on Feb. 12, announced that operations at its 49% owned San José mine (in Santa Cruz Province), Argentina were halted on Monday, February 4, 2013 due to seventy-six employees contracting gastroenteritis.There have been no further cases reported and all employees have recovered in full, the company said in a statement.
Is MUX Strong Buy After The Recent Strong Gains? Get Free Trend Analysis Here
Radian Group Inc. (NYSE:RDN) shares climbed 3.44% and closed at $8.43. The company, on Feb. 25, announced that it has commenced two separate underwritten public offerings of up to 30 million shares of its common stock and $200 million aggregate principal amount of its convertible senior notes due 2019. The convertible senior notes will be convertible into shares of the Company's common stock, cash or a combination of shares of common stock and cash, at the Company's election.
Additionally, the company will begin trading ex-dividend on February 21, 2013. A cash dividend payment of $0.0025 per share is scheduled to be paid on March 06, 2013. Shareholders who purchased RDN stock prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 19th quarter that RDN has paid the same dividend.
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Louisiana-Pacific Corporation (NYSE:LPX) shares jumped 3.40% and closed at $20.70. Deutsche Bank reiterated its Hold rating on Louisiana-Pacific Corporation and raised its price target from $18.00 to $20.00 on Feb. 13.
Additionally, the company reported total sales for the fourth quarter of $459 million, 47% higher than the year ago quarter, and total sales for the year were $1.7 billion, 27% higher than the previous year. Adjusted EBITDA from continuing operations for the fourth quarter was $71 million compared to a loss of $12 million in the fourth quarter of 2011. For the year, EBITDA from continuing operations was $203 million compared to a loss of $5 million the previous year.
How Should Investors Trade LPX After The Latest Earnings Report? Find Out Here
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