Stamford, CT -- (SBWIRE) -- 08/23/2013 -- High Rising Stocks provides investors with the hot penny stock alerts on a regular basis. We will send you alerts through our Free E Newsletters with High Yielding alerts, market forecasting, stock tips and strategies, and offer you the tools to help you along the way with the goal of keeping you loyal to our service. Today’s stocks to watch are: Office Depot Inc (NYSE:ODP), McDermott International (NYSE:MDR), Arena Pharmaceuticals, Inc. (NASDAQ:ARNA), The Ryland Group, Inc. (NYSE:RYL)
Office Depot Inc (NYSE:ODP) shares decreased 0.96% to $4.11. Analysts at SunTrust raised their price objective on shares of MHR from $6.50 to $7.00 in a research report issued to clients and investors on August 22. The firm currently has a “buy” rating on the stock.
Additionally, the company on August 20 announced that negotiations it initiated to reach a good-faith compromise with its largest shareholder, Starboard Value LP, ahead of the Company's Annual Meeting of Shareholders on August 21, have not resulted in an agreement.
Should Investors Buy ODP After Yesterday’s Slump? Find Out Here
McDermott International (NYSE:MDR) shares decreased 1.70% to $7.52. Glancy Binkow & Goldberg LLP on August 20 announces that a class action lawsuit has been filed in the United States District Court for the Southern District of Texas on behalf of a class comprising all purchasers of the common stock of McDermott International, between November 6, 2012 and August 5, 2013, inclusive.
Additionally, the company issued its quarterly earnings data on August 6. The company reported ($0.63) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.03 by $0.66. The company had revenue of $647.25 million for the quarter, compared to the consensus estimate of $757.87 million.
Can Traders Buy MDR After The Solid Rally? Get Free Trend Analysis Here
Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) stock gained 0.63% to $7.14. ARNA’s stock was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research note issued to investors on August 5. The firm currently has a $7.40 price objective on the stock.
Additionally, the company on Aug. 1 provided a corporate update and reported financial results for the second quarter ended June 30, 2013. Second quarter revenues totaled $68.9 million, including $1.3 million in net product sales and $65.5 million in milestone payments. Net income allocable to common stockholders was $40.1 million, or $0.18 per share.
Should Investors Buy ARNA After Yesterday’s Slump? Find Out Here
The Ryland Group, Inc. (NYSE:RYL) shares dropped 5.46% to $34.83. RYL’s stock was upgraded by analysts at UBS AG from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on July 31. The firm currently has a $48.00 target price on the stock, up from their previous target price of $42.00.
Additionally, the company announced its earnings results on July 24. The company reported $0.80 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.64 by $0.16. The company had revenue of $492.99 million for the quarter, compared to the consensus estimate of $492.80 million.
How Should Investors Trade RYL After The Recent Volatility? Get Free Trend Analysis Here
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