Stocks Closed Higher: AVG Technologies NV, Sarepta Therapeutics Inc, Bill Barrett Corporation, MGM Resorts International

Dallas, TX -- (SBWIRE) -- 03/15/2013 -- Marketbuzzreport.com, 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:-

AVG Technologies NV(NYSE:AVG)shares increased 7.79% tob $13.14. The company on Mar. 7 announced that J.R. Smith has resigned as CEO and will become a member of the Supervisory Board. He will remain as CEO until a successor is named. The Company has retained SPMB, a leading executive search firm, to find a successor.

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Sarepta Therapeutics Inc (NASDAQ:SRPT) shares climbed 7.63% to $33.44. The company, on Mar. 7, reported a fourth quarter net loss of $62.1 million or $2.36 per share, compared to a net loss of $1.4 million or $0.06 per share for the year-ago quarter. Analysts expected the company to report a loss of $0.29 per share on revenue of $6.71 million for the fourth quarter. Revenue for the fourth quarter fell to $7.3 million from the $13.6 million a year ago.

Is SRPT a Strong Buying Opportunity After The Recent Slump? Find out Here

Bill Barrett Corporation (NYSE:BBG) shares increased 7.40% and closed at $20.46. Canaccord Genuity reiterated its Hold rating and $20.00 price target on Bill Barrett Corporation on Mar. 6.

Additionally, the company, on Feb. 21, reported fourth-quarter net income of $14.0 million or $0.30 per share, compared to a loss of $37.8 million or $0.81 per share last year. Adjusted earnings for the quarter were $0.20 per share. Total operating and other revenues for the quarter dropped to $179.8 million from $208.5 million last year. Analysts expected earnings of $0.10 per share on revenue of $188.3 million for the quarter.

Is BBG Signaling a Buy After The Sudden Gain? Don’t Miss Out Free Trend Analysis Here

MGM Resorts International(NYSE:MGM) shares gained 6.77% to $13.25. Kirk Kerkorian’s Tracinda Corp. said it may boost its stake in the casino operator by more than a third to as much as 25 percent. Tracinda, which currently owns 18.6 percent of MGM, made the disclosure with the Federal Trade Commission to comply with antitrust regulations, according to a securities filing yesterday.

Is MGM Signaling a Buy After The Sudden Gain? Don’t Miss Out Free Trend Analysis Here

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