Lakeway, TX -- (SBWIRE) -- 02/21/2013 -- 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:-
Berry Petroleum Company (NYSE:BRY) augmented 18.14% to $45.59 on a traded volume of 341k shares. Linn Energy LLC will buy Berry Petroleum Co for $2.5 billion in stock, increasing its reserves of lucrative oil and raising total output by about a third. Berry shareholders will receive 1.25 shares of LinnCo LLC, a company set up by Linn to raise money for acquisitions and other purposes.
How Should Investors Trade BRY After The Recent Movement? Find Out Here
Sherwin-Williams Company (NYSE:SHW) declined 0.57% to $157.89. The Sherwin-Williams Company announced that is has reached an agreement with the U.S. Department of Labor to settle the previously disclosed investigation of transactions related to the Company's employee stock ownership plan. This agreement fully resolves all DOL claims regarding the Company's ESOP transactions.
Is SHW Strong Buy After The Recent Strong Gains? Get Free Trend Analysis Here
Kinder Morgan Energy Partners LP (NYSE:KMP) decreased 2.01% to $86.45 on a traded volume of 399k shares. The Company announced KW Express LLC, a partnership between KMP and Watco Companies L.L.C. has entered into a long-term agreement with Mercuria Energy Trading Company Inc. to construct a 210,000 barrel per day crude by rail project at the Greens Port Industrial Park on the Houston Ship Channel. KW Express will own 85% of the project and, together with Watco, construct and operate the project once completed.
Is KMP a Buying Opportunity After The Recent Plunge? Don’t Miss Out Our Latest Report Here
Reliance Steel & Aluminum (NYSE:RS) jumped up 1.50% to $69.15. The company reported fourth quarter results. Sales decreased 7.1% to $1.89 billion. Tons sold were down 3.9% from the fourth quarter of 2011 and down 8.3% from the third quarter of 2012. Net income was $80.4 million from $67.9 million in the fourth quarter of 2011. Earnings per diluted share were $1.06 from $0.91 in the fourth quarter of 2011.
How Should Investors Trade RS After The Latest Earnings Report? Find Out Here
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