Big Movers: Demand Media Inc, Oi SA, Medical Marijuana Inc., Growlife Inc

Lakeway, NY -- (SBWIRE) -- 02/20/2013 -- ThePennyStockProfiler.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:-

Demand Media Inc (NYSE:DMD) stock increased 6.51% to $8.35 after the company yesterday reported financial results for the fourth quarter and fiscal year ended December 31, 2012. The company said adjusted for items including stock-based compensation, net income rose to $10.8 million, or 12 cents per share, from $6.8 million, or 8 cents per share, in the same period a year ago. Analysts were expecting 11 cents per share. Fourth-quarter revenue rose 22 percent to $103.1 million.

Is DMD a Strong After The recent price Movement? Let’s Find out Here

Oi SA (ADR) (NYSE:OIBR) shares climbed 3.30% to $3.76. Telemar Participacoes SA announced that on January 22, 2012 it approved the election of Mr. Jose Mauro Mettrau Carneiro da Cunha to hold a post of Chief Executive Officer of Oi SA in replacement of Mr. Francisco Tosta Valim Filho. Simultaneously, Mr. Jose Mauro Mettrau Carneiro da Cunha resigned from his position as Chairman of the Board of Directors of Oi SA and indicated his alternate, Mr. Jose Augusto da Gama Figueira, to be a new Chairman of the Board of Directors of Oi SA.

Is OIBR a Strong Buying Opportunity After The Recent Slump? Find out Here

Medical Marijuana Inc. (PINK:MJNA) plunged 18.75% to $0.26 on a traded volume of 21.06 million shares. The Company announced the release of its annual shareholders report including the 2012 financial statements with audited fourth quarter financials. The Company earned net income of approximately $7.1 million on record gross revenues of $12.38 million for the year ended December 31, 2012. The Company achieved significant growth in revenue and turned profitable during the year while also acquiring and developing some of the most recognizable and trusted brands in the industry.

Is MJNA Signaling a Buy Signal After The recent Volatility? Let’s Find out Here

Growlife Inc (OTC:PHOT) went down 22.62% to $0.0609 on a traded volume of 11.16 million shares. The Company has entered into a strategic licensing letter of intent with GrowLife Consulting Colorado, LLC. Under the agreement, GLCC is authorized to use the name "GrowLife" in Colorado, as well as certain intellectual property and technology rights in exchange for licensing fees. GrowLife's agreement with GLCC provides GrowLife with an option to acquire ownership in GLCC.

Is PHOT a Strong Buying Opportunity After The Recent Gain? Find out Here

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