Orlando, FL -- (SBWIRE) -- 10/02/2013 -- 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 Cereplast Inc(PINK:CERP), FleetMatics Group PLC (NYSE:FLTX).
Cereplast Inc(PINK:CERP) shares fell 5.38% to $0.0123. The company on Sept. 24 provided an update on European legislation surrounding the use of disposable plastic bags that would allow member states to place bans or taxes on single-use plastic bags in an effort to protect the environment. Bans or taxes on single-use plastic bags would push the European Union (EU) market to use alternative materials, like bioplastic, in the manufacturing of shopping bags.
Additionally, the company on Sept. 17 said it is advancing in the research and development stage in preparation to bring to the market a more sustainable and cost efficient process for the development of algae bioplastic resins. By using an algae biomass selection process in which food-based materials are not fed to the algae for growth, the food chain is not impacted, increasing sustainability. The material is also expected to lower costs in algae bioplastics development by deploying post-industrial processes, enabling the re-use of materials.
Are investors worried about the recent updates with CERP? Find out with a free trend analysis HERE
FleetMatics Group PLC (NYSE:FLTX) shares declined 5.06% to $35.65. The company on Sept. 18 announced the pricing of 5,976,443 of its ordinary shares at a price to the public of $46.79 per share in a follow-on offering. All of the shares sold in the offering were offered by Fleetmatics Investor Holdings, L.P., the principal shareholder of the company. In addition, Fleetmatics Investor Holdings, L.P. granted the underwriters an option to purchase an additional 597,644 ordinary shares. Fleetmatics will not receive any proceeds from the sale of these shares.
Is FLTX going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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