Las Vegas, NV -- (SBWIRE) -- 02/04/2013 -- PennyStockParlay.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:-
Galena Biopharma Inc (NASDAQ:GALE) stock jumped 3.80% to $1.81. The company, in Dec., announced the pricing of an underwritten public offering of 15,156,250 units at a public offering price of $1.60 per unit, or total gross proceeds of $24.25 million. Each unit consists of one share of common stock, and a warrant to purchase 0.5 share of common stock at an exercise price of $1.90 per share. The warrants are immediately exercisable and expire on the fifth anniversary of the date of issuance
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Herbalife Ltd. (NYSE:HLF) stock dropped 8.90% to $31.91 after the New York Post reported the company was the subject of a law-enforcement probe and the target of multiple complaints filed with the Federal Trade Commission. Herbalife, which hedge fund manager Bill Ackman has said uses inflated pricing, misleading sales information and a complicated incentive structure to hide a pyramid scheme, is the subject of a law-enforcement investigation, the New York Post reported today, citing documents it received from the FTC. The Post also said the FTC provided 729 pages of complaints against the company in response to a Freedom of Information Law request.
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Groupon Inc (NASDAQ:GRPN) stock fell 1.87% to $5.54. The Law Offices of Todd M. Garber, last month, announces that a class action lawsuit has been filed in the United States District Court for the Northern District of Illinois on behalf of a class (the "Class") comprising all purchasers of the common stock of Groupon, Inc. ("Groupon" or the "Company") (NASDAQ:GRPN) between May 14, 2012 and November 8, 2012, inclusive (the "Class Period").
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Cirrus Logic, Inc. (NASDAQ:CRUS) shares declined 0.21% to $28.42. On Jan. 31, Holzer & Fistel, LLC said it is investigating whether certain statements made by Cirrus Logic, and/or certain of its officers between July 31, 2012 and October 31, 2012 violated the federal securities laws. Specifically, the investigation focuses on a series of statements made during that time regarding Cirrus's business metrics and forward revenue and profit margin guidance.
Additionally, CRUS‘s stock had its “buy” rating reaffirmed by research analysts at TheStreet in a report released today.
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SINA Corp (NASDAQ:SINA) shares decreased 2.37% to $55.20. SINA’s stock has been reiterated by TheStreet Ratings as a hold with a ratings score of C- , on Jan. 23. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures.
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