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:-
AbbVie Inc (NYSE:ABBV) shares jumped 3.69% and closed at $36.57 in the last trading session. AbbVie Inc , the new branded pharmaceuticals company spun off by Abbott Laboratories Inc , is off to a good start, judging by fourth-quarter sales of arthritis drug Humira and other products in its medicine chest. The new Abbott said it expects earnings for 2013, excluding special items, of $1.98 to $2.04 per share, in line with its earlier guidance and above the average Wall Street forecast of $1.95.
How Should Investors Trade ABBV After The Latest Earnings Report? Find Out Here
Celldex Therapeutics, Inc. (NASDAQ:CLDX) stock jumped 3.67% to $8.19. The company recently announced the pricing of an underwritten public offering of 12,000,000 shares of its common stock, offered at a price to the public of $7.50 per share for an aggregate offering of $90,000,000 of common stock. The proceeds to Celldex from this offering are expected to be approximately $84,345,000, after deducting underwriting discounts and commissions and other estimated offering expenses payable by Celldex. Celldex has granted the underwriters a 30-day option to purchase up to an aggregate of 1,800,000 additional shares of common stock.
Is CLDX a Buy After The Solid Earnings? Get Free Trend Analysis Here
iStar Financial Inc. (NYSE:SFI) shares gained 3.59% to $10.39. The company, on Feb. 7, announced that it has received commitments from lenders to reprice its $1.82 billion senior secured credit facility due October 2017. The term loan will now bear interest at an annual rate of LIBOR + 3.50% with a 1.00% LIBOR floor, a reduction from the prior rate of LIBOR + 4.50% with a 1.25% LIBOR floor. In connection with the repricing, the Company will pay lenders a prepayment fee of 1.0% of the approximately $1.71 billion outstanding on the facility at repricing. Call protection for lenders was extended from October 15, 2013 to December 31, 2013. All other terms of the credit facility remained the same.
How Should Investors Trade SFI After The Recent Movement? Find Out Here
NII Holdings, Inc. (NASDAQ:NIHD) shares increased 3.53% and closed at $6.01. The company, on Feb. 11, announced the pricing of the offering, through its wholly owned subsidiary NII International Telecom S.C.A., of $750 million principal amount of 11 3/8% Senior Notes due 2019. The issue price is 100% of the principal amount of the notes. The size of the offering was increased from the previously announced $400 million to $750 million.
Additionally, the company will host its fourth quarter and year end 2012 results conference call with its senior management on Thursday, February 28, 2013 at 8:30 AM -9:15 AM EST.
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