Dallas, TX -- (SBWIRE) -- 03/12/2013 -- 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:-
Brookfield Asset Management Inc. (USA) (NYSE:BAM) decreased 2.33% and closed at $37.65 on a traded volume of 2.91 million shares. Recently, Brookfield Renewable Energy Partners L.P. and Brookfield Asset Management announced a bought-deal secondary offering with a syndicate of underwriters led by Scotiabank, CIBC, RBC Capital Markets and TD Securities Inc. through which a wholly-owned subsidiary of Brookfield has agreed to sell 8,065,000 L.P. units of Brookfield Renewable at an offering price of $31.00 per L.P. unit. The Underwriters have been granted an over-allotment option to purchase up to an additional 1,209,750 L.P. units from Brookfield at the offering price, exercisable for a period of 30 days from closing of the Offering.
Get Latest News, Updates on BAM Here
Chelsea Therapeutics International Ltd. (NASDAQ:CHTP) moved down 2.08% and closed at $1.88 on a traded volume of 2.69 million shares. Recently, the Company reported fourth quarter net loss of $2.2 million or ($0.03) per share versus net loss of $12.5 million or ($0.20) per share for the same period in 2011. Research and development expenses for the fourth quarter of 2012 were $0.9 million compared to $7.7 million for the same period in 2011. The reduction in R&D costs is primarily due to the completion of multiple studies in both the droxidopa and antifolate development programs. Selling, general and administrative expenses were $1.4 million for the three months ended December 31, 2012, compared to $4.8 million for the same period in 2011.
Is CHTP a Strong Buying Opportunity After The Recent Slump? Find out Here
American Eagle Outfitters (NYSE:AEO) went down 1.99% and closed at $20.65 on a traded volume of 3.42 million shares. The median Wall Street price target on the stock is $24.0 and the high target is set at $27.0 with majority of analysts have a hold rating on the company’s stock. The stock has the 50- Day Moving Average and 200-Day Moving Average prices of $20.59 and $21.03 respectively.
Is AEO Signaling a Buy After The Sudden Gain? Don’t Miss Out Free Trend Analysis Here
Yum! Brands, Inc. (NYSE:YUM) went up 6.29% to $72.11 after market trading hours. The Company said that its sales in China declined 20% in January and February following a food scare over its chicken suppliers. The Company had forecast a 25% decline for the two months for sales at restaurants open at least a year. Yum's sales figure ticked up 2% in February, helped by the timing of Chinese New Year. The company has been reeling from a December TV report in China that said its suppliers were giving chickens unapproved levels of antibiotics.
Is YUM Signaling a Buy After The Sudden Gain? Don’t Miss Out Free Trend Analysis Here
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