Lakeway, TX -- (SBWIRE) -- 02/25/2013 -- 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:-
Whiting Petroleum Corp (NYSE:WLL) shares jumped 3.10% and closed at $49.62 in the last trading session. Research analysts at Barclays Capital lifted their target price on shares of WLL from $60.00 to $65.00 in a report released on Feb. 15. The firm currently has an “overweight” rating on the stock.
Additionally, the company also announced that its Board of Directors declared today a dividend of $1.5625 per share on its 6.25% convertible perpetual preferred stock (NYSE: WLL-PrA). The dividend is payable on March 15, 2013 to holders of record on March 1, 2013.
How Should Investors Trade WLL After The Solid Jump? Let’s Find Out Here
Elan Corporation, plc (ADR) (NYSE:ELN) shares jumped 3.01% to $10.60. The company, on Feb. 6, announced that it has agreed to restructure the Tysabri collaboration with Biogen Idec. Under the terms of the agreement, Elan will move from the current 50:50 business collaboration to an upfront payment of $3.25 billion and a double digit tiered royalty structure for the complete asset. Highlights of Transaction Upon Closing: Up front cash payment of $3.25 billion to Elan First 12 months: royalty of 12% of Tysabri global net sales (all indications) Tiered royalty structure after 12 months 18% on up to $2 billion of global net sales (all indications) 25% on over $2 billion of global net sales (all indications) Biogen Idec will have full ownership and control of Tysabri Current 50:50 collaboration will terminate Provides tax efficient capital and long term cash flow to Elan.
Is ELN Ready To Jump Again After The Solid Momentum? Get Free Trend Analysis Here
Embraer SA (ADR) (NYSE:ERJ) shares climbed 3.01% and closed at $33.53. The company, on Feb. 5, announced that it expects to obtain between USD 5.9 billion and USD 6.4 billion net revenue in the 2013 fiscal year. Moreover, the Company expects to have EBIT margin between 9% and 9.5% and EBITDA margin between 13% and 14%. It also expects to deliver in 2013 fiscal year between 90 and 95 commercial aircrafts, between 80 and 90 light executive jets and between 25 and 30 large executive jets.
Is ERJ Buy After The Recent Price Movement? Find Out Here
Pandora Media Inc (NYSE:P) shares jumped 2.98% to $12.11. The company, on Feb. 20, announced the company's return to the South by Southwest (SXSW) Conference and Festival to host the second annual Pandora Discovery Den at Antone's, the legendary Austin venue. More than 40 acts are scheduled to perform at the Pandora Discovery Den throughout the week, offering live music to fans both in-person and online via a live audio stream.
Is P a Buy At The Current Market Price? Don’t Miss Out Our Special Coverage Here
vb-news.net’s team is engaged in providing stock newsletters on various hot penny stocks on a regular basis. Our instant stock news on Major Gainers, small cap penny stocks and various other stocks, guides investors in making the wise stock market investments decision. In order to get update to the markets, we would advise you sign up to our free newsletters. You can become leader in stock market by keeping track of the daily activity.
The assembled information disseminated by vb-news.net is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. vb-news.net does expect that investors will buy and sell securities based on information assembled and presented in vb-news.net. PLEASE always do your own due diligence, and consult your financial advisor.
Copyright © 2005-2013 - SBWire, The Small Business Newswire - All Rights Reserved - Important Disclaimer
Contact Us: 888-4-SBWIRE (US) - 920-321-1250 (International)