Orlando, FL -- (SBWIRE) -- 10/01/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On Valley National Bancorp (NYSE:VLY), Questcor Pharmaceuticals Inc (NASDAQ:QCOR).
Valley National Bancorp (NYSE:VLY) shares climbed 1.95% and closed at $9.95 in the last trading session. The company on Sept. 27 announced that it has delivered a notice of redemption effective October 25, 2013 of the entire outstanding principal face amount of approximately $127.3 million of the 7 ¾% Trust Preferred Securities issued by VNB Capital Trust I (the "Capital Trust"), Valley's subsidiary trust. The Trust Preferred Securities are publicly traded under the ticker symbol "VLYPRA" on the New York Stock Exchange and will be redeemed prior to their stated maturity date of December 15, 2031.
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Questcor Pharmaceuticals Inc (NASDAQ:QCOR) shares increased 1.93% to $58. Goldman Sachs Group Inc. began coverage on shares of QCOR in a research report sent to investors on Sept. 19. The firm issued a neutral rating and a $65.27 target price on the stock. The analysts noted that the move was a valuation call.
Additionally, QCOR’s Director Virgil Thompson sold 5,000 shares of Questcor Pharmaceuticals stock in a transaction dated September 16th. The stock was sold at an average price of $63.75, for a total value of $318,750.00. Following the completion of the transaction, the director now directly owns 29,867 shares in the company. The sale was disclosed in a document filed with the SEC.
Is QCOR going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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