Friday's Recap: CombiMatrix, Cracker Barrel, J.C. Penney, WebMD

Lakeway, TX -- (SBWIRE) -- 02/22/2013 -- 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:-

CombiMatrix (CBMX -16.8%) gives back a little bit of its huge gain from yesterday, after announcing that Mark McDonough, currently the company's Chief Commercial Officer, will become CEO following the retirement of CEO R. Judd Jessup, who has announced he will be stepping down effective March 15, 2013.

Is CBMX after A Solid Pop Up? Find Out Here

Sardar Biglari tells Cracker Barrel (CBRL +0.3%) where it can stick the $300M it has earmarked to buy him out, calling for a lush special dividend to shareholders. Those looking for an end to the dysfunctional battle at the restaurant operator will have to wait a little bit longer.

Will CBRL Continue To Trend Higher After The Recent Gain? Find Out Here

J.C. Penney (JCP +5.2%) tells CNBC the layoffs at the company won't be as large as earlier reports claimed. Though employees themselves are saying over 300 were axed yesterday at headquarters, it's a move the company calls a "minimal team member reductions across multiple departments." Shares of JCP are reacting favorably, clearing $22 for the first time of the year.

Is JCP a Buy Opportunity After The Recent Slump? Find Out Here

Shares of WebMD (WBMD +23.3%) are soaring this morning on a solid Q4 earnings beat and better guidance, prompting an upgrade to Buy at Stifel Nicolaus. Goldman's Terry Heath is sceptical however. She thinks, given the lack of viability, guidance "could prove optimistic," as the online pharma business continues to be negatively affected by the shift in use from desktop to mobile and increasing competition in the online advertising market.

Is WBMD Still a Buy After The Recent momentum? Find Out Here

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