Boston, MA -- (SBWIRE) -- 09/10/2013 -- At winstonsmallcap.com we focus on undervalued companies trading under $5. Right now the markets are surging and we are seeing an opportunity in micro-cap companies like we have never seen before. Let have a Look on: (Arena Pharmaceuticals, Inc. (NASDAQ:ARNA), InvenSense Inc (NYSE:INVN), Office Depot Inc (NYSE:ODP), RadioShack Corporation (NYSE:RSH)
Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) stock dropped 1.10% to $6.32. The company on August 28 announced the completion of a Phase 1b clinical trial for APD811, an investigational oral prostacyclin (IP) receptor agonist intended for the treatment of pulmonary arterial hypertension (PAH). The company plans to initiate a Phase 2 clinical trial for APD811 in the first quarter of 2014.
Additionally, ARNA’s stock was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research note issued to investors on August 5. The firm currently has a $7.40 price objective on the stock.
Is ARNA A Strong Buy? Get Advantage Of Our Free Trend Analysis Here
InvenSense Inc (NYSE:INVN) shares decreased 1.80% to $18. The company on Sept. 4 announced the appointment of Mr. Eric Stang to its Board of Directors. The election of Mr. Stang increases the size of InvenSense's board to seven members. Mr. Stang currently serves as a Director and President and Chief Executive Officer of Ooma, Inc., a provider of broadband telephony products, a position he has held since January 2009.
Is INVN A Good Buy After The Recent Price Movement? Find Out Here
Office Depot Inc (NYSE:ODP) shares increased 2.61% to $4.32. The company on August 29 announced the results of its previously announced cash offer to purchase any and all of its $250,000,000 in aggregate principal amount of outstanding 9.75% Senior Secured Notes due 2019 (CUSIP 676220AG1 and U67518AC1) (the "notes") pursuant to its offer to purchase dated July 30, 2013 (the "Offer to Purchase"). As of the expiration time of the offer (11:59 p.m., Eastern time, August 28, 2013), the Company did not receive any valid tenders from holders of the notes.
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RadioShack Corporation (NYSE:RSH) shares gained 5.95% to $3.74. The company on August 8 said it opened two new concepts stores in the New York area for a total of three. The company also revealed details of the development of a "low touch" format coming to select neighborhoods nationwide in the coming months. As part of RadioShack's emphasis on reinvigorating stores and repositioning its brand, the company is opening a select number of high-touch stores filled with interactive features and playful experiences in high-traffic, high-profile locations.
How Should Investors Trade RSH After The Recent Volatility? Get Free Report Here
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