Charleston, SC -- (SBWIRE) -- 09/16/2013 -- Today’s Penny Stocks wants you, the investor, to have the ability to be informed in your trading decisions. Our website is designed to take you to the information you need to be at the top of your game in trading penny stocks. Today’s Penny Stocks issues news updates on the following stock: Suntech Power Holdings Co., Ltd. (ADR) (NYSE:STP), Intrepid Potash, Inc. (NYSE:IPI).
Suntech Power Holdings Co., Ltd. (ADR) (NYSE:STP) stock rose 9.24 percent to $1.30 in the last trading session after the solar energy company announced that its Chief Executive Officer and Chief Financial Officer, David King is stepping down from his position.
What STP’s Charts Are Signaling for Traders? Find Out Here
The company said that Zhou Weiping will start performing his duties as interim CEO and CFO. Zhou will also keep his current position of president and director. Suntech’s board will begin searching new CEO. The latest announcement came just few weeks after three board members of the company stepped down citing serious worries regarding Suntech’s business. STP has a market capitalization of 235.09 million.
Intrepid Potash, Inc. (NYSE:IPI) shares traded higher in the previous trading session after Zacks improved its ratings on the producer of muriate of potash from “underperform” to “neutral” in a research note written to investors on Thursday.
Can Investors Bet on IPI after this News update? Find out in this Research Report
The research firm has a price target of $14.60 per share for the stock. Intrepid Potash shares opened at $14.14 on Friday, and after touching a high price of $15.29, finally closed at $15.10. The company has a market capitalization of 1.14 billion and P/E ratio of 15.37.
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