Austin, TX -- (SBWIRE) -- 04/26/2013 -- Jackpotpennystocks.com, an investor research portal specializing in several sectors including biotech and healthcare and tech stocks on the U.S. market, issues news updates on the following stock:-
Federal-Mogul Corporation (NASDAQ:FDML) shares jumped 21.49% and closed at $7.01 in the last trading session. The company on April 24 announced first quarter 2013 results with sales of $1.7 billion, (2)% lower than the same period year ago, due to lower European light vehicle and reduced global commercial vehicle production, with negligible exchange impact. Operational EBITDA in first quarter 2013 was $141 million or 8.3% of sales, down from $165 million or 9.5% of sales in the same quarter last year.
Additionally, Goldman Sachs analyst Patrick Archambault upgraded the rating on Federal-Mogul Corporation from Sell to Neutral on April 25, and slightly raised the price target from $5.00 to $6.00.
Can FDML Continue To Move Higher? Find Out Here
National Bank of Greece (ADR)(NYSE:NBG) shares gained 21.27% to $0.910. The company, on Mar. 19, announced the initiation of the merger process with Eurobank Ergasias SA. The merger will be effected through the absorption of Eurobank Ergasias SA by National Bank of Greece SA, by consolidating the assets and liabilities of the two merging banks, in accordance with the combined provisions of article 16 of l.
Can NBG Extend Gain? Find Out Here
Mpg Office Trust Inc (NYSE:MPG) shares increased 20.38% and closed at $3.13. Brookfield Office Properties Inc. (BPO, BPO.T) on April 25 agreed to acquire MPG Office Trust for about $180 million in cash as it looks to expand its downtown Los Angeles office portfolio. MPG says it is the largest owner and operator of Class A office properties in the Los Angeles central business district. Brookfield said it also intends to launch a cash tender offer in early May to buy all of MPG's outstanding preferred stock at $25 a share.
How Should Investors Trade MPG Now? Find Out Here
Akamai Technologies, Inc.(NASDAQ:AKAM) shares gained 17.71% and closed at $42.48. The company on April 24 reported a first-quarter profit of $71.5 million, or 39 cents a share, compared with a profit of $43.2 million, or 24 cents a share, for the year-earlier period. Revenue rose to $368.05 million, from $319.45 million. Adjusted profit was 51 cents a share. Analysts were expecting the company to report a profit of 47 cents a share, on revenue of $358.04 million.
How Should Investors Trade AKAM Now? Find Out Here
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