Dallas, TX -- (SBWIRE) -- 03/22/2013 -- Marketbuzzreport.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:-
Goodrich Petroleum Corporation (NYSE:GDP) shares decreased 3.74% and closed at $14.68. The company, on Feb. 20, announced financial and operating results for the year and fourth quarter ended December 31, 2012. The Company announced a net loss of $77.2 million for the quarter, or ($2.12) per basic share, versus a net loss applicable to common stock of $23.8 million, or ($0.66) per basic share in the prior year period.
On Feb. 18, the board of directors of GDP has declared a quarterly cash dividend of $0.6719 per share on its 5.375% Series B Cumulative Convertible Preferred Stock. The dividend will be paid on March 15, 2013 to stockholders of record as of March 1, 2013.
Is GDP a Strong Buy After The Recent Gain? Let’s Find out Here
MBIA Inc. (NYSE:MBI) shares fell 3.55% and closed at $11.15. The company, on Mar. 5, won the dismissal of a lawsuit by Bank of America Corp and Societe Generale SA challenging its 2009 restructuring, sending the bond insurer's shares up 24 percent. Bank of America and Societe Generale, the French bank, were the only remaining plaintiffs among 18 financial companies that said the split defrauded policyholders such as themselves.
Additionally, MBI’s stock was upgraded by investment analysts at TheStreet from a “sell” rating to a “hold” rating in a note issued to investors on Mar. 1.
Is MBI a Strong Buying Opportunity After The Recent Slump? Find out Here
Axiall Corp(NYSE:AXLL) shares fell 3.36% and closed at $62.48. AXLL’s stock was upgraded by Citigroup from a “neutral” rating to a “buy” rating in a research note issued on Mar. 12. The firm currently has a $69.00 price target on the stock, up from their previous price target of $60.00.
Additionally, the Board of Directors of Axiall, on Mar. 5, declared a regular quarterly dividend of 8 cents per share of common stock. The dividend is payable April 10, 2013, to shareholders of record at the close of business on March 28, 2013. The company is a leading integrated chemicals and building products company.
Should Investors Consider AXLL After The Recent price Action? Get Free Trend Analysis Here
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