Lakeway, TX -- (SBWIRE) -- 02/25/2013 -- 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 Corporation (NASDAQ:CBMX) shares dropped 21.93% and closed at $5.27. The company, on Feb. 20, announced that it will release its fourth quarter and year-end 2012 financial results on Wednesday, February 27, 2013. Results will be released prior to trading on that day. A conference call has also been scheduled regarding CombiMatrix Corporation's fourth quarter and year-end 2012 financial results. The presentation and Q&A session will start at 8:00 a.m. Pacific Time (11:00 a.m. Eastern) on February 27, 2013.
Is CBMX after A Solid Pop Up? Find Out Here
EnteroMedics Inc (NASDAQ:ETRM) shares decreased 19.64% to $0.900. The company yesterday announced that it has priced an underwritten public offering of 13,770,000 shares of its common stock and warrants to purchase 5,508,000 shares of its common stock. Each share of common stock sold in this offering will be sold with a warrant to purchase 0.40 of a share of common stock. Each share and corresponding warrant will be sold at an aggregate price to the public of $0.95, for gross proceeds of $13,081,500. The net proceeds from the sale of the shares and corresponding warrants, after deducting the underwriter's discounts and other estimated offering expenses payable by the Company, will be approximately $12.0 million.
Will ETRM Continue To Trend Higher After The Recent Gain? Find Out Here
Merit Medical Systems, Inc. (NASDAQ:MMSI) shares dropped 15.18% and closed at $11.73 in the last trading session. MMSI’s stock was downgraded by research analysts at Raymond James to a “market perform” rating in a report released on Feb. 22.
Additionally, the company announced its earnings results on Feb. 21. The company reported $0.15 earnings per share for the quarter, missing the analysts’ estimate of $0.19 by $0.04. The company had posted revenue of $102.23 million for the quarter, compared to the consensus estimate of $97.17 million.
Is MMSI a Buy Opportunity After The Recent Slump? Find Out Here
Boingo Wireless Inc (NASDAQ:WIFI) shares declined 15.16% to $6.77. The company, on Feb. 21, reported fourth quarter net income of $1.1 million, or $0.03 per share, as compared to $1.9 million or $0.05 per share for the year-ago quarter. Revenue for the fourth quarter rose 8% to $28.0 million from $25.9 million a year ago. Analysts expected the company to earn $0.06 per share on revenue of $27.48 million for the fourth quarter.
Is WIFI Still a Buy After The Recent momentum? Find Out Here
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