Lakeway, NY -- (SBWIRE) -- 03/04/2013 -- ThePennyStockProfiler.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:-
CommonWealth REIT (NYSE:CWH) shares dropped 5.86% to $23.77. The company, on Feb. 27, pushed ahead with its planned equity offering even as activist investor Keith Meister and real estate major Related Cos said they were prepared to increase their buyout offer for the office building operator. Meister's Corvex and Related told the CommonWealth board that their new proposal of $2.26 billion, or $27 per share, was subject to CommonWealth cancelling its planned equity offering and engaging in talks with them in the next 48 hours.
Is CWH a Strong Buy After The Recent Slump? Let’s Find out Here
Dresser-Rand Group Inc. (NYSE:DRC) shares dropped 5.74% and closed at $58.12 in the last trading session. The company, on Feb. 28, reported a fourth quarter profit of $80.2 million, or $1.05 a share, up from $68.9 million, or 91 cents a share, a year earlier. Revenue climbed 14% to $844.4 million. Analysts had most recently forecast earnings of $1.10 a share and revenue of $897 million. Gross margin narrowed to 29.5% from 31.1% as input costs climbed 17%.
Is DRC a Strong Buying Opportunity After The Recent Slump? Find out Here
PositiveID Corporation (OTC:PSID) shares decreased 5.71% and closed at $0.0198. The company, on Feb. 20, announced it has entered into an agreement to license its iglucose™ technology to Smart Glucose Meter Corp. ("SGMC") for up to $2 million based on potential future revenues of glucose test strips sold by SGMC. These revenues will range between $0.0025 and $0.005 per strip. A person with diabetes who tests three times per day will use over 1,000 strips per year.
Should Investors Consider PSID After The Recent price Action? Get Free Trend Analysis Here
GrafTech International Ltd (NYSE:GTI) shares fell 5.68% and closed at $6.97. Zacks upgraded shares of GTI from an underperform rating to a neutral rating in a research note issued to investors last week. The firm currently has $8.70 target price on the stock.
Additionally, the company released its earnings data on February 26. The company reported $0.25 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.21 by $0.04. The company had revenue of $371.00 million for the quarter, compared to the consensus estimate of $317.10 million.
Get latest News, Updates on GTI Here
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