Stocks Buzz: MEMC Electronic Materials, Orexigen Therapeutics, DARA Biosciences Inc, TriQuint Semiconductor

Lakeway, TX -- (SBWIRE) -- 02/22/2013 -- 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:-

MEMC Electronic Materials, Inc. (NYSE:WFR) shares fell 5.90% to $4.94. MEMC Electronic Materials (NYSE: WFR) had its target price raised by UBS AG from $4.25 to $5.50 in a report released on Feb. 18. UBS AG currently has a buy rating on the stock.

Additionally, the company, on Feb. 13, reported a loss of $148.7 million is the fiscal year ended Dec. 31, as compared to a $1.52 billion loss in fiscal 2011. The company reported net sales of $2.53 billion in fiscal year 2012, down 7 percent from $2.72 billion is fiscal 2011. Net sales for its semiconductor materials segment declined 10 percent to $917.5 million in fiscal 2012 from $1.02 billion in fiscal 2011.

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

Orexigen Therapeutics, Inc. (NASDAQ:OREX) shares dropped 5.78% and closed at $5.30 in the last trading session. On February 15, 2013, Orexigen entered into a Second Amendment to Lease with Mullrock 3 Torrey Pines, LLC pursuant to which the Company extended the term of its lease of the office space at 3344 North Torrey Pines Court, La Jolla, California 92037, its corporate headquarters, for an additional 4 years to August 31, 2017.

Is OREX a Buy After The Solid Earnings? Get Free Trend Analysis Here

DARA Biosciences Inc (NASDAQ:DARA) shares declined 5.56% to $1.02. The company, last week, announced that on February 12, 2013, NASDAQ notified the Company that it has regained compliance with Rule 5550(a)(2), which requires a minimum bid price of $1.00 for continued listing on the NASDAQ Stock Market (the “Minimum Bid Price Rule”). The company is a specialty pharmaceutical company focused on the development and commercialization of oncology treatment and supportive care products.

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

TriQuint Semiconductor (NASDAQ:TQNT) shares decreased 5.26% and closed at $4.50 in yesterday’s session. The company, on Feb. 19, announced two new high-performance Multi-band, Multi-mode Power Amplifiers (MMPAs) that extend browsing time while simplifying complex RF design for today's increasingly sophisticated wireless devices.

Additionally, TQNT’s stock was downgraded by investment analysts at Raymond James from a “market perform” rating to an “underperform” rating in a note issued to investors yesterday.

Get Latest News, Updates and Reports For Free On TQNT Here

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