Should Investors Buy / Sell These Stocks Now? (DCTH, ZAZA, SAH, PRWT)

New York, NY -- (SBWIRE) -- 10/16/2012 -- Delcath Systems, Inc.(NASDAQ:DCTH) shares closed at $1.70 in the last trading session after the company announced that the U.S. Food and Drug Administration (FDA) has accepted the Company’s New Drug Application (NDA) for its proprietary chemosaturation system with melphalan hydrochloride for injection. The FDA has designated the NDA for standard review. Delcath expects to be notified of its PDUFA date in the FDA’s 74-Day letter, which the Company expects to receive by the end of October.Shares of Delcath Systems, Inc.(NASDAQ:DCTH) slumped 39 cents, or 18.66 percent, to $1.70 in Monday’s session and made an intra-day low of $1.40 after the Food and Drug Administration has accepted Delcaths liver cancer treatment for review.

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ZaZa Energy Corporation (NASDAQ: ZAZA) today announced that its total proved oil and gas reserves in the Eagle Ford as of September 1, 2012 included 1.9 million barrels of oil ("MMBbls") and 1,952 million cubic feet of natural gas ("MMCF"), compared to its total proved reserves of 1.6 MMBbls and 4,130 MMCF, as of December 31, 2011. ZaZa's 2.2 million barrels of oil equivalent in the Eagle Ford are 85 percent oil-weighted and 20 percent proved developed. The Company's average production rates for the month of August are 1,100 barrels of oil equivalent per day with 250 barrels of oil equivalent per day in the Eagle Ford. The Company's estimated total reserves were prepared by Rex D. Morris, ZaZa's independent consulting reservoir engineer. The Company has also engaged Ryder Scott Company, L.P. To prepare estimates of its remaining proved reserves and future production rates. The estimates were prepared in accordance with guidelines established by the Securities and Exchange Commission ("SEC") for proved reserves. Shares of ZaZa Energy Corpo (NCM: ZAZA) are trading at $2.15 and is -27.27% of its 50-day Moving Average price of $2.9563 and -43.65% from its 200-day Moving Average price of $3.8152. The average trading volume is 178551 shares and its market capitalization is $218.7M.

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Sonic Automotive Inc(NYSE:SAH) shares closed at $17.91 in the previous trading session. The company, last week, announced that for fiscal 2012, it is reaffirming its guidance for adjusted diluted earnings per share from continuing operations to be between $1.65 and $1.70. On an unadjusted basis, diluted earnings per share from continuing operations are expected to be between $1.49 and $1.54. According to I/B/E/S Estimates, analysts were expecting the Company to report EPS of $1.68 for fiscal 2012.Share of Sonic Automotive, (NYSE:SAH) is very active today and traded between $17.82 - 18.11 with total traded volume of 15372 shares. At a current price of 17.89, SAH is -0.02 - -0.11% from the previous close of $17.91. Moreover, At Current Market Price, SAH is in distance of -5.50% from its 50-day Moving Average price of $18.9306 and +6.61% from its 200-day Moving Average price of $16.7814.

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Premier West Banc (NASDAQ:PRWT) is -0.1701 - -12.24% from the previous close of $1.39. It traded between $1.03 - 1.40 with total traded volume of 117599 shares. Keep a close eye on PRWT, as the stock has been showing unusual moves over the past weeks. At Current market price, PRWT has recovered +60.51% from its 52-week Low of 0.76 and has Pulled back -42.73% from its 52-week high of 2.13. PremierWest Bancorp(NASDAQ:PRWT) stock plunged 20.86% to $1.10. The company, last week, announced the launch of the Financial Answer Center, a revolutionary online education system that is a first of its kind among West Coast community banks. The Financial Answer Center provides customers with immediate answers to hundreds of financial questions and enables customers to download extensive Quick Guides to over 30 broad categories of information to help manage their financial life.

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