SINA Corp (NASDAQ:SINA) Ended Lower: ACAD, HOV, SPLS, SINA, RTK

Lakeway, TX -- (SBWIRE) -- 02/08/2013 -- 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:-

ACADIA Pharmaceuticals Inc. (NASDAQ:ACAD) shares fell 2.28% to $5.99. The company, on Feb. 5, announced that it will present at the 15 th Annual BIO CEO & Investor Conference on Tuesday, February 12, 2013, at 10:00 a.m. Eastern Time at The Waldorf=Astoria Hotel in New York City.

Additionally, Cowen initiated coverage on shares of ACAD in a research note released on Jan. 28. The firm issued an outperform rating on the stock.

Is ACAD after A Solid Pop Up? Find Out Here

Hovnanian Enterprises, Inc. (NYSE:HOV) shares fell 2.25% to $5.22. On Jan. 31, Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Hovnanian Enterprises for potential breaches of fiduciary duties in connection with their conduct in seeking shareholders' approval for an amendment to the Company's Certificate of Incorporation.

Will HOV Continue To Trend Lower After The Recent Fall? Find Out Here

Staples, Inc. (NASDAQ:SPLS) shares declined 2.23% to $13.16 in the last trading session. The company, on Feb. 5, announced the expiration of its previously announced tender offer for up to $750,000,000 of its outstanding $1,500,000,000 in aggregate principal amount of 9.750% Senior Notes due 2014 (the "Notes"). The terms and conditions of the tender offer were set forth in Staples' Offer to Purchase dated January 7, 2013 (the "Offer to Purchase"), and the related Letter of Transmittal.

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

SINA Corp (NASDAQ:SINA) shares decreased 2.22% to $53.23. SINA’s stock has been reiterated by TheStreet Ratings as a hold with a ratings score of C- , on Jan. 23. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures.

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

Rentech, Inc. (NYSE:RTK) shares decreased 2.22% and closed at $3.08. The company, on Jan. 22, announced that the Company will hold its 2012 fourth quarter and year end conference call on Tuesday, March 19, 2013 at 11:00 a.m. PST, during which time Rentech's senior management will review the Company's financial results for the period and provide an update on the business.

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