Lakeway, TX -- (SBWIRE) -- 02/21/2013 -- 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:-
OfficeMax Incorporated (NYSE:OMX) slipped 7.0% and closed at $12.09 on a traded volume of 47.40 million shares. Office Depot Inc. and smaller rival OfficeMax Inc. will combine in a $1.2 billion all-stock deal, confirming an agreement inadvertently announced earlier in the day, before it was completed. OfficeMax shareholders will get 2.69 Office Depot common shares for each share they own. At Tuesday's closing prices, the deal would be valued at $13.50 per share, or $1.17 billion, based on 86.7 million shares outstanding as of October 26.
How Should Investors Trade OMX After The Latest Report? Find Out Here
Terex Corporation (NYSE:TEX) went down 6.93% and closed at $32.49 on a traded volume of 7.56 million shares. The Company reported fourth quarter of 2012 results. The loss from continuing operations was $30.7 million or $0.28 per share compared to loss from continuing operations of $4.2 million or $0.04 per share for the fourth quarter of 2011. Net sales were $1,695.5 million in the fourth quarter of 2012, a decrease of 13.3%. Income from operations was $27.9 million in the fourth quarter of 2012, a decrease of $3.2 million.
Is TEX a Buy After The Recent News? Get Free Trend Analysis Here
EXACT Sciences Corporation (NASDAQ:EXAS) declined 6.87% and closed at $10.57 on a traded volume of 1.18 million shares. The Company reported fourth quarter net loss of $14.0 million or $0.22 per share compared to net loss of $9.9 million or $0.18 a share in the prior year. Revenue was $1.036 million compared to $1.042 million last year. The analysts expected the company to report a loss of $0.18 per share for the quarter.
How Should Investors Trade EXAS After The Recent Movement? Find Out Here
GT Advanced Technologies Inc. (NASDAQ:GTAT) slipped 6.87% and closed at $3.39. So far this year, the stock is up over 12%. The 52-week range for the stock is $2.82 and $9.70. GT Advanced Technologies provides semi-custom and specialty process equipment. The Company designs and manufactures fabrication equipment for the semiconductor and other materials processing industries. Its products include crystal-growing machines and control systems.
Get Latest News, Updates and Reports For Free On GTAT Here
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