Stocks in News: Frontline, Genco Shipping & Trading Limited, Rockwell Medical, Doral Financial

Lakeway, NY -- (SBWIRE) -- 03/22/2013 -- ThePennyStockProfiler.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:-

Frontline Ltd. (NYSE:FRO) moved up 7.73% and closed at $2.23 on a traded volume of 1.91 million shares. So far this year, the stock is down over 30%. The 52-week range for the stock is $1.81 and $7.89. Frontline Ltd. is a shipping company. The Company is engaged primarily in the ownership and operation of oil tankers and oil/bulk/ore (OBO) carriers.

Is FRO a Strong Buy After The Recent Slump? Let’s Find out Here

Genco Shipping & Trading Limited (NYSE:GNK) jumped up 7.50% and closed at $3.01 on a traded volume of 3.38 million shares. The median Wall Street price target on the stock is $2.0 and the high target is set at $5.00 with majority of analysts have a sell rating on the company’s stock. The stock has the 50- Day Moving Average and 200-Day Moving Average prices of $2.89 and $3.24 respectively.

Is GNK a Strong Buying Opportunity After The Recent Slump? Find out Here

Rockwell Medical Inc. (NASDAQ:RMTI) increased 7.36% and closed at $3.50 on a traded volume of 1.45 million shares. The Company has entered into definitive agreements to sell 4,300,000 common shares at $3.00 per share in a registered direct offering for an aggregate offering amount of approximately $12.9 million. The net proceeds from the offering, after commissions and other estimated offering expenses, will be approximately $12.0 million. The closing of the offering is expected to take place on or before Monday, March 25, 2013, subject to the satisfaction of customary closing conditions. Rockwell Medical plans to use the net proceeds from the offering for general corporate purposes.

Should Investors Consider RMTI After The Recent price Action? Get Free Trend Analysis Here

Doral Financial Corp. (NYSE:DRL) went up 6.48% and closed at $0.738 on a traded volume of 2.31 million shares. The 52-week range for the stock is $0.52 and $2.0. The Company has Price/Sales ratio of 0.67 and Price/Book ratio of 0.18. The 50-Day Moving Average and 200-Day Moving Average prices is $0.63 and $0.78 respectively.

Get latest News, Updates on DRL Here

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