Stocks in News: SINA Corp, Cereplast Inc, Radian Group Inc., MGIC Investment Corp.

Lakeway, TX -- (SBWIRE) -- 02/20/2013 -- vb-news.net, 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:-

SINA Corp (NASDAQ:SINA) stock climbed 7.60% to $57.54 after Maxim Group reiterated its Sell rating and $44.00 price target on Sina.

Additionally, the company, yesterday, announced its unaudited financial results for the fourth quarter ended December 31, 2012. For the fourth quarter of 2012, SINA reported net revenues of $139.1 million, compared to $133.4 million for the same period last year. Non-GAAP net revenues for the fourth quarter of 2012 totaled $134.4 million, compared to $128.7 million for the same period last year. Net income for the fourth quarter of 2012 was $2.4 million, compared to $9.3 million for the same period last year. Diluted net income per share attributable to SINA for the fourth quarter of 2012 was $0.03, compared to $ 0.14 for the same period last year.

How Should Investors Trade SINA After The Solid Jump? Let’s Find Out Here

Cereplast Inc (PINK:CERP) shares climbed 7.89% to $0.0410 after the company today announced the incorporation of a new wholly owned subsidiary, Algaeplast™, Inc. Algaeplast' s focus will be the development and manufacture of algae-based bioplastics. Cereplast has been a pioneer in algae-based plastics, helping to bring the first products made from Cereplast Algae Bioplastics™ grades to market in 2011, and with the recent commercialization of Biopropylene® 109D in December of 2012.

Is CERP Ready To Jump Again After The Solid Momentum? Get Free Trend Analysis Here

Radian Group Inc. (NYSE:RDN) shares climbed 6.85% to $8.11. The company will begin trading ex-dividend on February 21, 2013. A cash dividend payment of $0.0025 per share is scheduled to be paid on March 06, 2013. Shareholders who purchased RDN stock prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 19th quarter that RDN has paid the same dividend.

Is RDN Buy After The Recent Price Movement? Find Out Here

MGIC Investment Corp. (NYSE:MTG) shares climbed 7.22% to $2.82. Mortgage Guaranty Insurance Corporation (MGIC), the principal subsidiary of MGIC Investment Corporation (NYSE: MTG), on Feb. 6, reported the retirement of James Karpowicz, CFA, Senior Vice President Chief Investment Officer/Treasurer, effective March 1. Mr. Karpowicz joined MGIC in October 1986 as Assistant Treasurer. Since January 2005 he has held the position of Senior Vice President Chief Investment Officer/Treasurer. During his 26 year tenure with MGIC, Mr. Karpowicz made significant contributions to the company.

Is MTG a Buy At The Current Market Price? Don’t Miss Out Our Special Coverage Here

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