Kolkata, West Bengal -- (SBWIRE) -- 09/13/2013 -- Specialpennystockalert.com, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on Medical Marijuana Inc (PINK:MJNA), Baidu.com, Inc. (ADR)(NASDAQ:BIDU), Cereplast Inc(PINK:CERP).
Medical Marijuana Inc (PINK:MJNA) shares gained 0.62% and closed at $0.162. The company on Sept. 3 informed shareholders and the general public that HempMedsPX—a corporate portfolio company of Medical Marijuana Inc. and the exclusive master distributor and contracted marketing company for CannaVest Corp. and Medical Marijuana Inc.—will be representing both MJNA and US Hemp Oil as Gold Sponsor of Natural Products Expo East in Baltimore, MD from September 25-28, 2013.
Should Investors Buy MJNA After Yesterday’s Jump? Find Out Here
Baidu.com, Inc. (ADR)(NASDAQ:BIDU) shares declined 1.91% to $144.50. Baidu Inc. (BIDU)’s travel-booking service Qunar.com Inc. is planning a U.S. initial public offering that may raise about $150 million, said two people with knowledge of the matter on Sept. 9.
Qunar, which runs China’s most popular mobile travel app, is working with Deutsche Bank AG and Goldman Sachs Group Inc. on the sale, said the people, who asked not to be identified because the process is private. An IPO may take place as early as in the fourth quarter, they said. Baidu, operator of China’s largest search engine, paid $306 million in 2011 for a majority stake in Qunar to tap the country’s growing travel market.
How Should Investors Trade BIDU After The Recent Volatility? Get Free Trend Analysis Here
Cereplast Inc(PINK:CERP) shares fell 3.75% to $0.0154. The company on Sept. 4 announced that it received five purchase orders totaling $450,000 from an existing customer in India for Cereplast Compostables(R) blown film resins. Each purchase order totals $90,000 and will be delivered throughout the remainder of 2013. The bioplastic resins will be used for the manufacturing of single-use disposable bags for distribution in the Sri Lankan and Middle Eastern markets.
Is CERP A Good Buy After The Recent Price Movement? Find Out Here.
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