Lakeway, TX -- (SBWIRE) -- 02/20/2013 -- 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:-
Molson Coors Brewing Company (NYSE:TAP) shares jumped 3.61% and closed at $45.10 in the last trading session. Zacks restated their neutral rating on shares of Molson Coors in a research report sent to investors on Feb. 20. The firm currently has a $46.00 price target on the stock.
Additionally, the company, last wek, said its fourth quarter net income fell 28% in the quarter to $126.1 million, or 69 cents per share. Gross margins fell to 37.2 percent from 41.6 percent a year earlier. Excluding items, the company earned 69 cents per share. Net sales rose 9.9 percent to $1.03 billion. Analysts expected earnings of 64 cents per share on revenue of $1.07 billion.
Is TAP after A Solid Pop Up? Find Out Here
Alumina Limited (ADR) (NYSE:AWC) shares gained 3.60% to $5.18. The company, on Feb. 15, announced that it has issued 146,411,771 Fully paid ordinary shares at an issue price of AUD 1.235 per share. The funds are to be used for the general corporate purposes of the Alumina group, including the repayment of bank debt. The company is an Australia-based company. The Company is the holding company of WMC Group.
Will AWC Continue To Trend Lower After The Recent Fall? Find Out Here
Plug Power Inc (NASDAQ:PLUG) shares jumped 5.07% and closed at $0.145. The company, on Feb. 14, announced that it has priced an underwritten public offering of 18,910,000 shares of its common stock and accompanying warrants to purchase 18,910,000 shares of common stock. The shares and the warrants will be sold together as a fixed combination, with each combination consisting of one share of common stock and one warrant to purchase one share of common stock, at a price to the public of $0.15 per fixed combination for gross proceeds of approximately $2.8 million. The warrants have an exercise price of $0.15 per share, are immediately exercisable and will expire on February 20, 2018.
Is PLUG a Buy Opportunity After The Recent Slump? Find Out Here
Meredith Corporation (NYSE:MDP) shares jumped 3.56% and closed at $43.40. MDP’s stock was downgraded by research analysts at Gabelli to a “hold” rating in a report released on Feb. 15.
Additionally, The Meredith Corporation Board of Directors, on Feb. 4, increased its regular quarterly dividend 6.5 percent to $0.4075 per share, or $1.63 on an annual basis. The new quarterly dividend will be payable on March 15, 2013, to shareholders of record on February 28, 2013.
Is MDP Still a Buy After The Recent momentum? Find Out Here
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