Lakeway, TX -- (SBWIRE) -- 03/06/2013 -- 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:-
Groupon Inc (NASDAQ:GRPN) stock jumped 3.97% to $5.64. The company, last week, reported a fourth quarter net loss of $0.12 per share which was flat with the prior year result. The consensus estimate was for a loss of $0.03. Revenues grew 30 percent to $638.3 million from $492.2 million last year. The consensus estimate was for revenues of $638.4 million.
Additionally, the company announced that Jason Child, Chief Financial Officer, will present at the Deutsche Bank dbAccess Media & Telecommunications Conference on Tuesday, March 5 at 2:05PM (EST) at The Breakers Hotel in Palm Beach, Florida.
How Should Investors Trade GRPN After The Recent Movement? Find Out Here
IAC/InterActiveCorp (NASDAQ:IACI) shares jumped 3.95% and closed at $42.61 in the last trading session. The company, last month, said it will begin trading ex-dividend on February 13, 2013. A cash dividend payment of $0.24 per share is scheduled to be paid on March 01, 2013. Shareholders who purchased IACI stock prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 3rd quarter that IACI has paid the same dividend.
Is IACI Strong Buy After The Recent Strong Gains? Get Free Trend Analysis Here
The Ryland Group, Inc. (NYSE:RYL) shares gained 3.95% to $38.41. Equities research analysts at Deutsche Bank raised their price target on shares of The Ryland from $38.00 to $42.00 in a research note issued to investors last month. The firm currently has a “buy” rating on the stock.
Additionally, the company posted its quarterly earnings results on Jan. 29. The company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.51 by $0.05. The company had revenue of $440.10 million for the quarter, compared to the consensus estimate of $401.50 million.
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Micron Technology, Inc. (NASDAQ:MU) shares increased 3.93% to $8.73. Micron Technology and LFoundry, on Feb. 25, announced that the companies have entered into agreements for LFoundry to acquire Micron Technology Italia, Srl. and all of its semiconductor fabrication facility assets in Avezzano, Italy. Under the agreements, Micron will assign to LFoundry its four-year supply agreement with Aptina to manufacture image sensors at the 200 millimeter Avezzano facility.
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
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