Lakeway, TX -- (SBWIRE) -- 02/15/2013 -- 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:-
Pharmacyclics, Inc. (NASDAQ:PCYC) shares gained 4.13% to $80.21. The company day before yesterday announced that the U.S. Food and Drug Administration (FDA) granted Breakthrough Therapy Designation to the investigational oral agent ibrutinib monotherapy for the treatment of patients with relapsed or refractory mantle cell lymphoma (MCL) and to ibrutinib monotherapy for the treatment of patients with Waldenstrom's macroglobulinemia (WM), both of which are B-cell malignancies.
How Should Investors Trade PCYC After The Latest Earnings Report? Find Out Here
Superior Energy Services, Inc. (NYSE:SPN) shares jumped 4.04% and closed at $27.01. The company announced that it will release its 2012 fourth quarter and full-year results on Tuesday, February 26 after the market closes. In conjunction with the release, the Company has scheduled a conference call, which will be broadcast live over the Internet, on Wednesday, February 27 at 11:00 a.m. Eastern time. Investors may participate either by phone or audio webcast.
Additionally, research analysts at Credit Suisse assumed coverage on shares of SPN in a report released on Feb. 1. The firm set an “outperform” rating on the stock.
Is SPN a Buy After The Solid Earnings? Get Free Trend Analysis Here
Renren Inc (NYSE:RENN) shares climbed 4.02% and closed at $3.36. Zacks lowered shares of Renren from a neutral rating to an underperform rating in a report released on Jan. 15. Zacks currently has $3.60 target price on the stock. Additionally, analysts at Deutsche Bank upgraded shares of Renren from a sell rating to a hold rating in a research note to investors on December 3. They now have a $3.24 price target on the stock, up previously from $3.13. They noted that the move was a valuation call.
How Should Investors Trade RENN After The Recent Movement? Find Out Here
MBIA Inc. (NYSE:MBI) shares increased 3.99% and closed at $10.95. The company, last month, said that New York's decision to prevent it from making an interest payment on a series of notes does not mean it cannot meet its financial obligations. The decision "does not reflect MBIA Insurance's current solvency or ability to pay claims to policyholders," a lawyer for the insurer wrote in a letter to a New York state judge.
Get Latest News, Updates and Reports For Free On MBI Here
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