Lakeway, TX -- (SBWIRE) -- 02/26/2013 -- vb-news.net, 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:-
CombiMatrix Corporation (NASDAQ:CBMX) shares dropped 4.74% and closed at $5.02. The company, on Feb. 20, announced that it will release its fourth quarter and year-end 2012 financial results on Wednesday, February 27, 2013. Results will be released prior to trading on that day. A conference call has also been scheduled regarding CombiMatrix Corporation's fourth quarter and year-end 2012 financial results. The presentation and Q&A session will start at 8:00 a.m. Pacific Time (11:00 a.m. Eastern) on February 27, 2013.
Additionally, the company announced that Mark McDonough, currently the Company's Chief Commercial Officer, will become Chief Executive Officer following the retirement of CEO R. Judd Jessup, who has announced his retirement, effective March 15, 2013.
How Should Investors Trade CBMX After The Solid Jump? Let’s Find Out Here
Power One Inc (NASDAQ:PWER) shares declined 4.71% and closed at $4.25. PWER’s stock was upgraded by analysts at Raymond James from an “outperform” rating to a “strong-buy” rating in a research report issued to clients and investors on Feb. 19. The firm currently has a $6.00 price target on the stock.
Additionally, on Feb. 5, Panasonic Corp. said it has signed a strategic alliance with Power-One Inc. of the U.S. in the field of energy management--such as stationary power storage systems--on a global basis. The Japanese company is promoting energy management business that combines high-efficiency solar panels, power inverters and power-storage systems in the domestic housing market.
Is PWER Ready To Jump Again After The Solid Momentum? Get Free Trend Analysis Here
Terex Corporation (NYSE:TEX) stock fell 4.59% to $30.98. The company, on Feb. 19, reported a net loss for the fourth quarter of $33.3 million or $0.30 per share, compared to a net loss of $2.9 million or $0.03 per share for the year-ago quarter. Loss from continuing operations for the fourth quarter was $30.7 million or $0.28 per share. Adjusted income from continuing operations was $21.9 million or $0.19 per share. Net sales for the fourth quarter fell 13.3% to $1.70 billion from $1.96 billion a year ago. Analysts expected the company to earn $0.40 per share on revenue of $1.83 billion for the fourth quarter.
Is TEX Buy After The Recent Price Movement? Find Out Here
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