Stocks Buzz: LDK Solar Co, BRF Brasil Foods, Micron Technology, Saks Inc

Lakeway, TX -- (SBWIRE) -- 02/20/2013 -- 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:-

LDK Solar Co., Ltd (ADR) (NYSE:LDK) stock increased 2.66% to $1.93. The company, last month, announced that it has entered into a share purchase agreement dated January 21, 2013 with Fulai Investments Limited, which has agreed to purchase 17,000,000 newly issued ordinary shares of LDK Solar, at a purchase price of USD1.83 per share with an aggregate purchase price of USD31,110,000, subject to the terms and conditions of the share purchase agreement, including a lock-up for 180 days from the closing date of the contemplated transactions.

How Should Investors Trade LDK After The Recent Movement? Find Out Here

BRF Brasil Foods SA (ADR) (NYSE:BRFS) shares jumped 2.66% and closed at $21.64 in the last trading session. The company, on Feb. 13, announced that the Chairman of the Company's Board of Directors, Mr. Nildemar Secches shared his decision not to run for a new term and not to postulate for his reappointment as Chairman. He will keep the position till the General Meeting that will be held on April 9, 2013.

Is BRFS Strong Buy After The Recent Strong Gains? Get Free Trend Analysis Here

Micron Technology, Inc. (NASDAQ:MU) shares gained 2.65% to $8.12. The company today announced that the Chinese Ministry of Commerce has given antitrust clearance for Micron's previously announced proposed acquisition of Elpida. China's approval was the last remaining antitrust pre-merger clearance required for completion of the transaction.

Additionally, Sanford C. Bernstein reaffirmed their outperform rating on shares of Micron Technology in a report issued on Feb. 19. They currently have a $9.00 target price on the stock.

Is MU a Buying Opportunity After The Recent Plunge? Don’t Miss Out Our Latest Report Here

Saks Inc (NYSE:SKS) shares climbed 2.65% and closed at $11.62. The company, last week, announced that it plans to close its Saks Fifth Avenue store located in Stamford Town Center in Stamford, Connecticut. The store is expected to close in early 2014. The Company has operated its Saks Fifth Avenue store in Stamford since 1983.

How Should Investors Trade SKS After The Latest Earnings Report? Find Out Here

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