Orlando, FL -- (SBWIRE) -- 10/03/2013 -- 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 NewLead Holdings Ltd (NASDAQ:NEWL), AMR Corporation(PINK:AAMRQ).
NewLead Holdings Ltd (NASDAQ:NEWL) shares dropped 11.45% to $0.122. The company, on Oct. 1, announced that a 1-for-15 reverse stock split of its common shares has been approved by the Company's Board of Directors and by written consent of a majority of shareholders, effective upon the commencement of trading on October 17, 2013. Due to the advance publication and notice requirements of Bermuda law, the Company was required to extend the effective date of the reverse stock split.
Additionally, the company on Sept. 26 announced that the references in the press release, dated September 18, 2013, to the agreements between the Company and sellers in regard to the second mine and wash plant in Kentucky, USA, should have been referred to as advanced negotiations.
Are investors worried about the recent updates with NEWL? Find out with a free trend analysis HERE
AMR Corporation(PINK:AAMRQ) shares gained 2.47% to $4.56. The U.S. Department of Justice, fighting a proposed merger of US Airways Group Inc and American Airlines parent AMR Corp, lost a bid to delay the case on Oct. 2 , and share prices for both companies jumped on perceptions that prospects for the deal had brightened. In Dallas, Texas Attorney General Greg Abbott said his state was dropping out of a U.S. Justice Department lawsuit seeking to block the merger, a move some experts called a crack in the united front of those opposing the creation of the world's largest airline.
Additionally, AMR Corporation (OTCBB: AAMRQ), the parent company of American Airlines, Inc., and US Airways Group, Inc. (NYSE: LCC) on Sept. 23 have each agreed to extend the outside date at which either party may terminate the previously announced Agreement and Plan of Merger (the Merger Agreement), in light of the trial schedule surrounding litigation with U.S. Department of Justice.
Is AAMRQ going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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